Trading inside of this gorgeous channel. Going to $9 over the next couple weeks.
xle approaching top of channel here. going to short back into downtrend
Below POC, below 20/50/200sma, looks like it wants $64.62 (1.618 retracement) which is very close to major breakaway gap.
Likely targeting $17 again. Bearish pennant which targets $17 based on high/low estimate
Great earnings beat this morning! Q2 GAAP EPS of $2.04 vs $1.90 estimate (+55.73% YoY) Revenue of $2.14Bn vs estimate of $1.86Bn (+28.1% YoY) Increases buyback by $1.5Bn (3% of marketcap) Increases dividend by 28% Raises EPS and Revenue guidance by 28% and 15% respectively. Targeting the gap fill up to $210 which is the 0.786 retracement
$221.48 is my breakout level (give or take). We need a close above this with mega volume and we fly to $226, $232 in minutes. Many, many, many struggles with $220 over the past 6 months "The bigger the base, the bigger the breakout!"
I am long June 2022 calls. Looks explosive.
I am long via shares. Will sell covered calls as the stock rises.