Therealalphaaction

Therealalphaaction

BA tried to break above major resistance, but then it came down as quickly as it moved up. It's still below it's 8 sma and as soon as it's oversold status goes away, it will end this higher low and keep the downtrend going. From a fundamental perspective, it's trading very expensive relative to it's cashflows and the major macro hurdles aren't being taken into...

Therealalphaaction

Currently, LL is deeply overbought and has moved outside its upper Bollinger bands. It has had a weakening as it reaches the next resistance line. Also, we're starting to see some oscillator divergence showing some bearishness. That's on the price front, but also when it comes to implied volatility, LL has an IV rank of 100 and options are priced for a big move,...

Therealalphaaction

When looking at UBER, we see that the implied volatility rank is zero, so we would like to see a mean reversion of the IV. When looking at it from a technical/price action perspective we see bullishness, but from a fundamental perspective I'm bearish. So, with that said, we don't want to guess prices yet want to capitalize on the IV expansion in UBER. The way in...

Therealalphaaction

When looking at EURUSD, on a weekly timeframe we see that there is a falling wedge forming that we have to keep longer term eye on. As for the daily, we are scouting for a higher low then some consolidation. The more oversold it becomes the more likely it becomes that we will see a higher low and consolidation, for a healthy downtrend to continue. Moreover the...

Therealalphaaction

Over the next few days I feel that SPCE will have a lower high then volatility contraction. This is similar to what we saw with tesla, when it went up quickly over two days, came down over the next two days, then consolidated, and finally started its uptrend again. This will likely happen to virgin galactic too, and we'll see major volatility contraction, making...

Therealalphaaction

For a longer-term trade idea on the weekly chart, I was looking at EURUSD from a fundamental perspective and the technicals would provide the right timing to get in. From a macro fundamental perspective, the FED has said that they are keen on keeping the 'liquidity' in the repo markets, so the continuation of the rise in the balance sheet will continue to weaken...