thealecbellamy

thealecbellamy

Another beautiful long set up... zoom in to the weekly and you’ll notice the candles have begun moving up through the red cloud. Next step is on the monthly. These type of setups love to ride above the MA’s so keep an eye on your 8-14 and 21-30 averages making sure that the candles stay above or close to the averages. Good luck if you play!! Sitting in my usual...

thealecbellamy

SOS we gonna need some boats to carry all the $$$ you make when this thing decides to retake previous levels (white lines) - very early chart in the making but volume is showing a BEAUTY in process. Accumulate while you can!!

thealecbellamy

White lines are resistance, purple are support - Play the targets how you please... a close above 1.92 and we’ll get our trek to 5!! Accumulate while you can. Volume has been beautiful the last couple months. Looks like a solid setup, but know your risk.

thealecbellamy

Multiple large volume purchases throughout 2020, both over 250 million. Using trend lines to measure potential next move. Positive earnings in March or a news catalyst before then will do it. Watch the candles move up through the red cloud and test one of the white resistance lines. Size of next volume spike will determine the size of the move. Good luck if you...

thealecbellamy

Wow, take a look at that beautiful flag on the weekly. If we break that 97.92 resistance we can test the monthly upper BB at 103.19. I’m playing 98c and 100c with time. Good luck if you play!! Remember to always cover your principal (step 1), take profit (step 2), and leave a runner to monitor (step 3). NVDA is going to fly with the recent automated car...

thealecbellamy

Stock is trying to break through a MASSIVE key level created through years of resistance at 26 ish. Needs to close above to confirm breakout and move to next supply zone. Targeting 33 area. With tech being a center piece of the economy, regulation will only increase. See lots of upside with this one. Good luck if you play!

thealecbellamy

Bull flagging near ATH again. Just supported off past resistance at 96.34, a key level for direction. Below and we see purple support targets. Above and we test ATH around 97.92 and will look to close on the daily above 98. When that happens, see ya 100 💯 in some 105c’s with next week expiration, drop some of your plays in the comments if you choose to join!! Good...

thealecbellamy

Stock closed above a key level today and showed strength given a weaker market. Sitting in a call spread 320/355 throughout the next couple weeks. Looking for 340ish next then maybe 355-370. Won’t hold forever. Play smart if you do play! Good luck.

thealecbellamy

Above 3587 and we’ll see 3631 and probably ATH’s again. Below 3541 and we’ll see 3483 and even 3421. Keep an eye on futures to prepare for tomorrow’s open and each stock’s potential to such reaction, in order to adjust your portfolio appropriately. Currently there is tougher resistance above going all the way up to the 3hr.

thealecbellamy

This is going to be one of my shortest explanations. Set an alert for crossing 66.25 - then buy calls. First target 68.5, trim a few, and then ride the rest to ATH. You decide expiration and strike based on time and levels and your risk. Beautiful setup.

thealecbellamy

Post-Biden election news this stock proceeded to lift off, but a tough earnings slapped some reality in people’s faces. I think the stock finally had a monthly breakout and is simply retesting the breakout. Back above 7.51 and we’ll see many more levels above as more states have legalized weed, and other states (and the federal gov’t) will see the tax benefits)....

thealecbellamy

Stock triggered today breaking through 84 and holding, with massive volume mid-day, getting us to 85. We will see 87-88 very quickly and potentially kiss ATH’s again. I believe this is riding the wave of the QQQ which is nearing a breakout itself. Playing the 90c’s for 11/27. Will trim a couple at 87-88 and sell the rest nearing ATH for the real $. Good luck if...

thealecbellamy

Stock is building massive momentum into earnings tomorrow - Keep in mind what kind of stock this is. They focus primarily on “at home” multi-room music systems. Where has everyone been the last 8 months?? I imagine a massive beat that gaps the stock near or above previous IPO highs. This is pure speculation. I will be playing the 12/18 20c’s. Good luck if you play!!

thealecbellamy

Stock closed at ATH’s on Friday, confirming the close outside of the “box” created since June. This move measures 50 points, so we’re shooting for around 452 for taking profit on any plays. After that a retest of 402-408 will be needed before price can continue. Make sure not to get greedy in your plays and trim/leave a runner. When the market moves, this stock...

thealecbellamy

Stock is setting up nicely to re-test June highs after the Covid crash. Above 18.9 and we should see 20+. Daily chart shows price has driven through the red clouds and is beginning to build green cloud support on the right as price rises. Weekly will suck the price up through this red cloud - But be careful resistance will be near the top as they try to create...

thealecbellamy

Simple fundamentals, not news. Bullish pennant formed with massive volume accumulated at the beginning run up, and decreasing volume since, particularly selling which could indicate a bounce soon. It’s much like a coil. Recent days have closed with wicks that are supported by bottom trend line, potentially building for the next attempt at a breakout. With the way...

thealecbellamy

Time to break that weekly bull flag???!! Maybe the Biden win is going to be stimulus enough for energy stocks to soar going into the new year. 3.23 is a massive supply zone, if the stock can finally push through we’ll see 3.43, 3.9, and above there I bet we see 4.69. Don’t get greedy, if you notice the stock was able to trap a lot of bulls back in June (why I play...

thealecbellamy

Stock broke out of falling wedge on 11/9, following big news with potential clearance of the 737 by the FAA and also a massive order through the US Gov’t with Saudi Arabia for up to 10Bil in F-15 orders. Some “bad” news dropped mid-week about potential FAA setbacks, but it was just a wonderfully executed shakeout. 737’s could be cleared by Wednesday 11/18 and we...