@KrisVT, this is what I meant. It might be setting up for a perfect bounce tomorrow because it closed slightly above the 0.618 level.
The chart says it all. Long and forget. Maybe I got lucky the first time (link: ) I guess we'll find out soon
The cup in GLD is too obvious to ignore. I see this reaching 158.55 by March. I bought Mar 19 166 Put to play this. Once might say there is a handle but that seems like a super shallow handle for a 8 year cup.
Watch out for this. It will try testing the top next week but short everything. I will be waiting for it to drop to the area between 0.236 and 0.282 before going long. I bought a 225 Oct 23 2020 put today and will add some more with lower prices next week. Let me know what you think.
Will this reach all-time high or form a double top? Accord to the pitchfork, it should touch $285 next week. If a stimulus gets passed next week we will definitely reach ATH but who knows.
Tesla is currently stuck in a flag and has major resistance at 550. I believe it needs to retest the bottom of the channel in other to get enough buyers to break through the resistance. ~6% to the top and bottom of the flag. Let me know what you think.
Hit the top of the channel and reversed. Maybe a bullish reversal or not, today/ tomorrow will tell.
Everything about this chart seems bullish but being bulling toward earnings is not always a good thing. I was all in until I started doing more research and they are talks about them not beating their earning estimate. That usually means a temporary decline in their stock price. I'm torn between holding through earning and waiting. Anyone trading Baidu got any...
Can't go wrong with a little history, post dividend distribution this bad boy runs. Keep an eye out for this next week. I will be looking to buy some calls next week.
With the current state of things, the coronavirus is taking a toll. According to the fibs, it retracted to 0.5; if that fails the next point will be 100 MA. If the coronavirus gets worse this play is out of the question and we'll have to see what happens.