Nice down day yeterday. Short bias 18175 is an interesting level to watch for short NPF numbers about to release.
Price is gapping up into a level with lots of short orders around 18500. Short bias on 1H and 1D is broken with strong push up. Looks like jobless claim numbers is higher than expected. so... no bias, but open to more upside.. looking for short around 18600.. but lets see what the open brings
Bias: Short bias towards the 50 SMA on the daily. Big orders: short - 18350 and 375 long - 18250 News Fed speech at 9:15a market time ISM numbers at 10a market time will look for entries after 10a market time We could close the gap to the upside.. so will wait for conformation for short.. If we flush, will wait for price to turn before attempting long.
Interesting levels on bookmap - 18425 for short - 18380 for long (price just hit that premarket) My levels - 18450 for short? - see how price reactions around 18380 at open for potential long this is for trading in first hour of the open. If we break and close below the 1D 20 SMA on the 1H, could slowly go lower for a little bit.. but expect alot of...
Morning review - Daily bias: None - 1m bias : Bearish - Good short premarket with a big push up overnight. Plan for the open - See what price does - May look to short on near term Interesting levels to watch - 18560s short orders stacked - 18490s long orders stacked
Price is traily below the 18 HMA after a double top. Nic gap to close below this week. Seems probable, but be clear of the upside risk as the market may keep pushing new highs. Everything is thinking downside.
Idea : - Swing long $RBLX on a pull back to 129 to 124 (aggressive). Be ready to add at 50% Fib retracement. - Or, start at 50% fib retracement (but it's unlikely price will get there in the near-term) - Hard stop if price breaks below 100, but consider stopping if price breaks 103 (uptrend support) Rational: - See technical comments on chart (MACD,...
Idea : Swing long $MGI on a pullback to low $6s. ride up to $8s+ (50% fib retracement level). Will look to stop below $5, but may add if price action remains bullish. Timeframe : 2-6 weeks Rationale : $50M buyback announced At least 6 insiders have bought over $1.5M worth of shares in the last week Bullish MACD triggered on the daily chart Price is at...
Disclaimer: I am already in this position from 35.68 (-5% from current price) but I plan to add more at support levels, with a profit target above $50 Idea: Swing long $CHGG from earnings miss, big gap down. Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings...
I think we all saw the news: Snap reported upbeat earnings for its third quarter, while sales missed expectations. The company also issued Q4 sales guidance below estimates. This was related to how Apple's data privacy changes make it harder for digital advertising to perform as they have been. we saw Google and FB have dips as well. Since the $SNAP drop is...
Idea : Swing Long $IBM from support levels into next earnings (~3 months). Rationale : The last two quarters earnings were great for IBM and price increased both times, last year around this time we had a big gap down after earnings , and ran up into the next earnings which had another gap down and then ran up. I anticipate there is seasonally in their revenue...
Robinhood gaps down this morning on mixed earnings (Wed, Oct 27). I'm looking for a quick move to ATR limit (>1.85) and monthly & weekly resistance on either side in the first hour of the market open. Will scale into the levels marked on the chart. If price bases at either of these level mid days, I may take the trade there as well.
I just got an alert hit for a long trigger on $PLTR. Looks like we are breaking out on the Daily chart and earnings are in a couple of weeks. I know stocks that are actively talked about amongst traders usually run up into their earnings day. I really like $PLTR long-term from a longterm standpoint, but for this swing idea i'm looking at the following ...