TradingBandito06

TradingBandito06 Updated 

Ethereum weekly price action shows a strong trend (Green/Green) that has consistently bounced between 2ATR and the 34EMA. Current price action is at the 50% Fibonacci retracement with a 5 bar squeeze. 1. Aggro Entry @ 3805. 2. Moderate Entry between 3602 andn 3505 to capture the 21EMA / 100% Measured Move and 61.8% Fib retracement. 3. Conservative Entry at the...

TradingBandito06 Updated 

AA cleared the earnings hurdle today and maintained prices levels despite another market down day. 1. Strong daily and weekly trend. 2. 4 bar squeeze. 3. Visible price levels and sitting at volume profile levels. 4. Commodity cycle with inflation to help with tailwind. 5. XME is at the top of channel and AA is strong within the ETF. Entry: 59.50, 58.05 and...

TradingBandito06 Updated 

UNG retraced to the 78.6% Fibonacci level before consolidating into a squeeze. 1. Solid orange compressed squeeze 2. Still has negative momentum. 3. No propulsion dots requires a more conservative entry. 4. Vprofile levels offer entry levels and resistance. 5. 18 Feb 22 13 Put Entries ($12.80, $13.20, $13.80) 6. Profit Target #1 @ 12.05. 7. Stop Loss is 25%...

TradingBandito06 Updated 

SFIX price action has been steadily down trending since 6/2020. November earnings created a gap down that has consolidated through the holidays. I am looking to take advantage of a continued downtrend with Put options. Trade factors 1. Tight squeeze. 2. RAF nearing the midpoint. Not there yet, so I will look to buy the puts at a higher than 1/7/22...

TradingBandito06 Updated 

PENN has been a strong uptrend for most of 2017, as shown on the weekly chart. Also, the weekly chart shows that we are at a measured move target for the first leg of a move that began the week of 1/20/17 at $13 and ended around $21.1. Assuming a L1=L2 move, the target would have been $29.30. Prices have consolidated around this level on the Daily chart and are...

TradingBandito06 Updated 

12/11/17 CSCO has been a strong uptrend from a giant earnings gap. Consolidation here has led to a tight triangle and an explosive move today. Looking for a break above $38 @ $38.20 to play the strength. Good RSI and weekly trend too. Profit: 39.45 Entry $38.10 Stop $ 36.70 Jan18 38 Calls for $0.80 OBO on a break of $38.10.

TradingBandito06 Updated 

GRUB has been moveing a strong uptrend after the last earnings report in October. In addition, the stock has had a good year as shown on the weekly chart. The Daily chart has an uptrend, Darvis resistance range and propulsion dots. I would like to see the RSI make a new high once the stock breaks out. Profit: 74.80 Entry: 70.20 Stop: 65.15 Entry of 3.4 OBO on...

TradingBandito06 Updated 

ACN has been a strong uptrend on for the last 6 months. Prices are current consolidating between Darvas levels $145.75 and $148.60. In addition to the strong trend, the chart has a clear WAVE (34ema H/L/C) and Propulsion Dots. Overall market trend is still up and with trend direction. Earnings will be report 12/21/17, so we will need to be aware of...

TradingBandito06 Updated 

HAL has been in a sideways consolidation for the past 2 months. Despite the rise in oil prices, HAL has maintained it's price range between $41 and $46. Prices are currently at the bottom level, supported by the Darvas level. In addition, stochastic price levels are currently oversold. Go long through Jan18 42 Calls when prices break $41.20. First profit...

TradingBandito06 Updated 

- STX has pulled back after a breakout earnings report and completion of Measured Move target at $49.70. The Measured Move completion corresponded to the test and failure of the weekly 200sma. - During the upward move, prices trended strongly and respected the 34EMA Wave during pullbacks/consolidation. - I am waiting for prices to fill the earnings gap and...

TradingBandito06 Updated 

1. IBM has moved up nicely after bottom in 1Q 2016. Prices exceeded the weekly 200sma for the first time in 18mths and have reached a Measured Move target around $184. 2. Prices are due for a 10bar/2 leg retracement or consolidation before continuing upward to test $190-$200. 3. Continue to watch the pullback and look for an entry near the Breakout level of...

TradingBandito06 Updated 

Southwest Airlines (LUV) broke out of a multi-year consolidation in January 2017 and moved up to the $60 level before encountering 2 weeks of selling. Based on a healthy RSI and an unfinished move to the Measure Move target of $63.20, I see the retracement as a potential buy zone. Target a first entry between $50-51.50 and a 2nd entry around the $48.50...

TradingBandito06 Updated 

MDT has a fresh down move that was supported at $72.30. The area of support encompasses previous price action the weekly 200sma. Currently, prices have made the first leg of a 2 leg retracement with a 2nd leg in the $77-$78 price level. The concern with this trade is the bounce off 200sma and previous support may drive prices beyond the $79.50 level of...

TradingBandito06 Updated 

NTES price action broke to the upside in the middle of 2016 and formed a very strong uptrend. In late 2016, prices retraced strongly to a 50% retracement. Prices are now attempting a move to previous highs, but the RSI is not confirming. I'm waiting for price action to reach the $270 level and determining if the RSI divergence continues to be strong. Set an...

TradingBandito06 Updated 

BZH price action is hovering below the 200sma as we enter 2017. Prices have already completed a 2 leg measured move to $15 and retraced to the 34EMA. A 3rd leg has formed and offers a possible RSI divergence trade near the 200sma level. The confluence of 2 levels, along with the 3 push wedge pattern is strong. Set an alert @ $15.50 and watch.

TradingBandito06 Updated 

CVX has moved up nicely and is among the stronger stocks in the XLE sector. Prices topped out in the $119 level and retraced with weak bear candles. I'm looking for a move down to the $110/$109.5 level, which corresponds to a 50% Fib retracement. Play to potential price target @ 122.50. First profit target @ $119 (Previous High).

TradingBandito06 Updated 

CVX has been in a nice uptrend and is among the stronger stocks from the XLE sector. Prices reached $119 and have retreated in an orderly manner. The price target for a measured move is at the 122-123 level, so I would suspect another leg up to complete the move. I am looking for prices to retrace to the $110 level and will buy Calls. Price target is the...

TradingBandito06

MO formed a bull flag in the last quarter of 2016 and has broken out to higher highs. The RSI has not followed and confirmed the price strength. The target for the bull flag is $74 price level. Watch for confirmation of price action and RSI Divergence. We will then look to buy puts.