PLTR - Double bottom? Good setup & price for LT hodlers/LEAPSDear Tradingview Community
This areas already functioned as a support last week, when it bounced around the 18 mark.
The double bottom is the sign of a reversal but, this doesn't mean it's 100% sure it's gonna happen.
The current micro-economics (inflation and FED fear) don't look good for a lot of growth-stocks and a further slide down is still possible (but let's hope not).
I'm not gonna set a PT because i'm in it for the LT, but on the chart you can see some supports and resistances.
Have a good trading week!
Disclosure: I opened a LEAP position for the 19th of 2024, so that i can practice my PMCC
Leaps
BABA FUD long term ideaFundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas agreeing to the $15billion arm twist donation shows they are on board and playing by the rules now. But however fundamentally sound they might be, be advised you don't actually own anything when you buy a chinese stock, and also the chinese gvt has been known to reverse course quickly and we could see even more regulation regarding tech, so be prepared for that possibility. We are in a multi year accumulation zone, and discounts this deep don't come very often, but with added potential comes added risk. Not financial advice, trade at your own risk.
Long TLRYNASDAQ:TLRY
Long on Tilray, federal legalization is looming and the arguably largest canadian player has a foot in the US door. Coupled with the fact that were in an absolutely tremendous long term support zone, nearing the end of a beautiful wedge. Lookout below $12.35. I'm long Leaps but this is not financial advice, please trade at your own risk.
TSLA Wedge Pattern - The Play Everyone is Waiting ForThe Play everyone is waiting for.. a breakout on TSLA
This wedge has been in progress for nearly 6 months now; just a little more patience until we go long.
Here are the levels:
Entry: 692.07
1st Target: 733.09
2nd Target: 801.45
Leaps are not a bad shout to enter early while we are sitting near support. The goal is to get in before IV crush if you want to make a much higher percentage gain on your contracts.
Options Idea:
TSLA 800c 1/21/22 @ 49.08
AAPL - Primed To Bounce?Since the last ER AAPL has come back down to the 120s price range. Although it was not alone in its share price correction as we've seen overall market come down as well in February.
Although I hold a long term bullish stance on AAPL, looking at the short term daily chart I see that we have crossed under the 100 EMA on the daily chart, are still making lower lows and lower highs which gives me a short term hold/bearish stance.
Alternatively we can see AAPL is currently touching a trend line that it's held in the past and has a relativity strong support at it's current price. We saw a glimpse of hope this past Friday in terms of bullish action, and as we await decisions on stimulus, and a recovering economy a lot of people are hopeful of a strong bounce back from tech.
However, confirmation is KEY or you can find yourself jumping in early and getting eaten by theta as we wait for the actual "reversal". IMO this presents a perfect time for adding shares, and buying LEAPS. AAPL is below the recent stock split pricing, and is coming off one of it's best performing quarters.
What is your stance on AAPL?
Have you done any TA? what do you think of it's current level and market strength?
LMND - @ lows and ConsolidatingLMND is at about a 50% discount from ATH price levels. It is currently at a strong support level. What I'm looking for here is a consolidation and confirmation of reversal before jumping in LONG... alternatively this is a great time to buy shares If you are long term bullish LMND
AMD - Strong Buy LevelAMD reported it's best ER and while many anticipated it would have a solid run upward it was overshadowed by a manufacturing issues in a time where demand has never been higher.
along with this we have been chopping downward in a weak market as fears, inflation, rates, and economy shifts continue to keep investors on their toes.
AMD below 80 is a level I personally didn't think I'd see again...but since we are here it's definitely worth mentioning that at it's current prize zone presents a great opportunity to add shares/or go long with LEAPs. It is important to consider however that no matter how strong the support it's on is, overall shaky market conditions can present the opportunity for lower prices. AMD is in a downtrend currently and confirmation of a reversal should be what we are looking for here before jumping in. currently it is touching the 200 EMA on the daily chart as well as on a trendline which started in March 2020. Market doesn't tend to move up at the magnitude in which it moves down...with that in mind I am personally looking for a consolidation or bounce around the green zone labeled.
What do you think about AMD?
Bullish, bearish, or neutral?
Forget about yesterday's blood bath Think about today being an opportunity to look further past your own two feet and think about the future. The short term future like spring/summer. Six Flags will be recovering and although I am bullish on the stock I do expect a price drop. Now is a good chance to position yourself for the uptick of their traffic coming back through the doors and kids going to amusement parks again. By mid summer / summer's end this should be in position. A Longterm Equity Antici Pation Security or LEAPS is a good play to make ........Instead of having to buy the stock for 100 shares $4350 I can reduce my upfront cost by buying a LEAPS in the long term expiring options chain (120-180 days or 240-360 days) currently the contracts for the $45 dollar strike price is going for $8.30 a share which means it will cost me $830 instead of $4350.....Now if I did a Call Vertical Spread and Bought one call and sold another to keep the distance of two strike prices (45/47.50 strikes) the difference would cost me $1.10 or $110 dollars to control 100 shares of six flags for six months! So you clearly understand what that means in the market is that I am betting in six months the price of six flags will be at least 47.50 in six months. So I only have to see it rise in 4 dollars total for me to be highly profitable. My return percentage at the end of expiration would be phenomanal it would cost me 110 dollars to make 140 dollars for the return that is 120% return on my money in six months. If i wanted to scale it I could buy 10 contracts for $1110 and make $1400 dollars for the same percentage. 120% is a far greater return than buying the stock out right $4350 and it going up $400 only which is less than 10% return. Less money upfront bigger returns and less risk. This is the value of learning the long term strategies instead of only focusing on the daily action. NYSE:SIX
How I have a "risk-free" position JMIA on its way to the moon 🚀I'm going to show you how I ended up with a "risk-free" in $JMIA, what I call the "African Amazon".
When I say "risk-free", I mean, whatever I invested, I withdrew, and now, I am playing with "house money".
Say I put in $100, and my investment value goes up to $200.
I sell half, getting my initial capital back, and now, price can do whatever it wants, and I'm at no additional risk.
So for this one, I'll break it down into steps.
1. I bought 3 long-dated call options (i.e LEAPs) for Jumia.
2. A few days later, the option price double in value. I sold 2 of the 3 calls, putting me in a "risk-free" position, with additional profit baked in.
3. I now hold 1 call giving me the option to purchase 100 shares of Jumia at $10.
4. Normally, it would not make sense to exercise an "in the money" option early, but in this case, I wanted to take partial profits at 4x, so I exercised my option. I bought 100 shares of Jumia at $10 (valued at $40), and sold 25. This gave me a profit of (40 - 10) * 25 = $750.
Now I'm holding 75 shares. Let's see if this goes to the moon 🚀.
$GNUS LEAPSI highly recommend entering into a few $2-3 strike Call Options with expirations out to May 2021 minimum while the contracts are still cheap. High speculation for several squeezes up to $7.00+ as a new potential resistance level in the upcoming weeks. Keep an eye on the volume and look for the RSI crossing 65 for the next squeeze higher.
IWM Bullish LongIWM is an Exchange Traded Fund (ETF) which follows the Russell 2000 Small Cap Stock Index. I purchased call options (just regular, no spread) Strike 200 expiring Jan 2022 because I belive IWM has shown consistent bull market uptrend since November, and consistently uses the 10 Day Exponential Moving Average (EMA) as Support. IWM has shown better consistency, in my opinion, than SPY (ETF following S&P 500), and while QQQ (ETF that follows the Nasdaq 100 index) has outperformed most other major indexes in the past few years, IWM's lower prices made it more attractive to me. The growth may be slower than some other indexes; but as my first trading teacher stated, "You don't go broke making money." This may be a boring strategy, but I believe it will still be a profitable one. My stop loss plan is set below the 20 Day EMA. The yellow dotted line is the approximate price per share of stock when I purchased my calls earlier today.
I am not certified or licensed by any individual or institution to give financial or investment advice. I consider myself to be an amateur investor and trader.
SAVE ANALYSIS and simple way to read Charts for beginnersI see SAVE going back to 25 by Jan 2021 but if you're an option trader i suggest getting ITM calls for 2021 even 2022 if you want to add to long term portfolio. Shares is also good to add to your stock portfolio. Remember to keep in mind if airlines were to shutdown and vaccine trials see no further progress that would be a sign to get out, but recent news looks good for airlines in general and this is an easy money printer here! hopefully momentum can carry us back to the ATH within the next 2-5 years at 85$. Imagine getting a 16$ call exp 1/2022 now and SAVE is back up at $50 ....
SPIRIT AIRLINES getting ready for a big moveSAVE consolidating for a few months now, sitting in this tight channel and could have a big move up or down! With airline activity picking up I'm swinging SAVE to 25$ by 01/21 ... Perfect to add to long term portfolio!
Simple way to read this chart, break that top purple zone (resistance) at $19.50 we will see an overall move to $25, break that bottom purple zone (support) at 14.80 we'll see an overall move to 10$
NFLX Call me crazy but Fangs are not totally dead Swing TradeDespite all the hate right now in fangs stocks, history tell us that NFLX has been the best performer in the SPY period. Yes, these names was absurdly overbought but right now are too dramatic and negative, but NFLX had an amazing quarter and is the future of streaming video, Cable Tv is dead, and yes there will be more competitors but when you buy stocks you tend to buy industry leaders, and NFLX Is a leader and will continue to dominate and even if Dis launch his streaming will take 3-5 years to even touch market share Nflx revenue last quarter was 37% BTW and ad 1 Million more Suscriber in US, men if the market bounce from these horrible lows I think Nflx could be a long term calls or Leaps with a 25% Stop loss or swing trader I really think stock is very oversold and could reach 285-300 levels if breaks $275, there a lot of negativity but that's the time when you actually buy bargains, buy at this levels stop loss $255-250 I see strong resistance in $260 level, not a good choice to short when vix is 18 again! GL to everyone!
AAPL Correction Coming?Well, the market is all doom and gloom these days, and tariff talks don't seem to be helping matters much. Looking at AAPL here, but it's worth mentioning that this current movement is market-wide and not something we can blame on Tim Cook and his gang. A good ER could help, but I don't think AAPL can start heading back up until there is a change in the bigger picture. So here is what I'm seeing:
- Starting with the daily chart (not shown), I see the trend just starting to head South, into a bearish movement.
- Looking at Linear Regression on the monthly chart shows that we have reached the peak of the channel we've been following for the last 5-6 years.
- Based on similar peaks in the channel, the correction has been roughly a $45 move over an 11 month period
- Based on the angle of the correction line, the average number of bars, the average price movement and the bottom of the regression channel, that puts our price target at $134 by January 2019
IMPORTANT NOTES
- First, I'm a long term believer in AAPL and their products. I certainly don't think this is the top for them, and that they will eventually turn around and go much higher
- The $134 PT is just a target. I don't truly believe we will hit that mark. What I do think is that we will follow this path until something changes, and I will plan my trades accordingly
- I don't think it will take a straight path down. I believe there will be scalp and swing opportunities along the way.
- I will play some long positions on smaller timeframes, but with very tight stops, while most of my plans will be for short positions.
- This is suppression from outside forces and AAPL is still very strong as a company. When that suppression is relieved, I believe MMs will get back in very quickly, so always have some dry powder on hand
This analysis was built off discussions and TA completed on OptionsPlayers.com. Visit us there for more details.