sagarkasukurthy

sagarkasukurthy

Now with earnings out of the way and IV down, SBUX strangle is a good play here. Confluence of a trend line and the 50 day moving average and the stock has been going sideways for about 4 weeks now. 60-90 day options will pay. Not financial advice.

sagarkasukurthy

confluence of triangle, 50 SMA and upper 2 stdev BB

sagarkasukurthy

Earnings today were mixed. Watch for market reaction and make a move.

sagarkasukurthy

Not long to go. See which way it resolves and make a decision. Not financial advice

sagarkasukurthy

V- visa has broken down from the range its been in since the beginning of the year. Also, if we look at the volume profile since the October 2023 rally - we are sitting right on the Value Area Low (VAL) line. Watch for a break either way and decide what to do. Not financial advice.

sagarkasukurthy

MA - mastercard is at the bottom of the range its been in since the beginning of the year. Also, if we look at the volume profile since the October 2023 rally - we are nearing the Value Area Low (VAL). Watch for a break either way and decide what to do. Not financial advice.

sagarkasukurthy

Straddle with a slight bullish bias is the way to go I believe. Making a nice base around 41.5-43. As long as overall market holds up, you should be okay to be cautiously long.

sagarkasukurthy Updated 

Supports at 4200 and 4160. Possible reversal there

sagarkasukurthy

Massive cup and handle spanning a decade. Intel is not going anywhere. If Intel fails, America has failed! That's not going to happen

sagarkasukurthy

1. Possible triple top at 4590. 2. 100 SMA, bears last stand 3. Fibanocci 61.8. When we rebounded in January, the Fib 61.8 stopped the upside run. 4. TD9 on Monday 5. 4600 round number algos

sagarkasukurthy

Will decide whether its bullish or bearish depending on the reaction at that level

sagarkasukurthy

don't make big money moves yet. wait for the range to break, it will re-test and IF IT FAILS, thats when you make the big money move

sagarkasukurthy

if we have a look below and fail, no support for atleast 50-75 points.

sagarkasukurthy Updated 

we need to see the reaction when we touch the line - acceptance with volume - bulls happy

sagarkasukurthy

Expecting a small 3% healthy pullback to the 4545 - 4560 area for the monthly opex on the 19th. Its good and healthy for the long term to keep the bearish divergences in check and to test the 21 moving average.

sagarkasukurthy Updated 

There is a gap to be filled below 53.85 - 56.9. 200 DMA is also around the same area. Go long around 52.5 - 54 area. Incoming CEO's decision to not outsource is the best path forward. Folks will realize this sooner or later