PLBY Bullish divergence in the macd, RSI in the middle. It looks to launch to the 25 or 26 levels soon
PLBY trade ideas
$PLBY Idea 8/13/21Bounced off 200EMA on Daily Chart
MACD Showing Divergence
Pricing Showing Lower Lows from $26.91 to $25.27,
However MACD showing same levels around -0.60 regardless of price.
Soon we may get a crossover of MACD over Signal line, indicating Bullish momentum
RSI also showing oversold at around 30.
Based on previous RSI levels and Price action, we have seen a bounce at these levels.
$30 is a key resistance level since August.
Once above $30 and consolidate around these levels, $35 can definitely be seen.
Tight Stop loss set under $23.
Good R/R Here.
Playboy Group Technical AnalysisPlayboy already crossed into the bearish section on the divergence indicator and could possibly break down all the way to $32. I personally will be looking into short-term put options for this stock.
$PLBY Cypher x Butterfly Guys i have been tracking $PLBY, i think it has tested the 89 ema 3x and it will break & fill this butterfly & cypher price reversal zone. I will update if 89 ema breaks, aim 382 and 618 always ($ symbols) . at tp 1 (382) stop is to entry, 2 stops= 1 for small pattern 1 for larger (red LINES) goal is to get tp 1 of large pattern w small pattern stop LOSS, I will say this over and over until people understand how i get 20x trades regularly (risk)
$PLBY to 52 (1) and 63 (extended)PLBY has flag playing out here. Hammer on daily yesterday. Can and will fly.
Selling volume declining last few sessions. Trend will change. 4 hour confirms this.
Retest of fib should give a strong indicator for the near termPLBY is looking to retest 0.38 retracement with MACD starting to reverse trend. Bouncing off signals a possible second run (elliot wave 3?), failing it makes it look like head and shoulder pattern.
Beginning Head & Shoulders Pattern?Most market PT have PLBY in the low 30s, but wasn't sure how the market would react to the NFT play. Had continued channeling up, but finally broke out today. I'll be watching to see if and how far it recovers, but expect it to retrace further as it looks like we may have found the head of the H&S pattern.
$PLBY... We are Closing it Out HerePLBY is a stock we first alerted on Mar 30 as an NFT SPAC play. The stock has launched over 230% since that time (in just over a month), and now we want to go ahead and close it out. Today's bar is troubling, technically. It may continue higher. But this was a reversal day after a massive run. The stock was up big early in the day and closed down big on no real headline inputs. No need to overstay our welcome here.
PLBY - SOTCK HOLDING UP TRENDSSTOCK IS HOLDING UPTREND.
RSI IS CLOSE TO OVER BOUGHT
PLAYING IT FOR DAY TRADE.
NEEDS TO BREAK $50 TO RUN HIGHER.
POSSIBLE $60 COMING
Playboy PLBY is a Multi-BaggerThis is not my idea or research. This is an idea from one of my favorite analysts, Brian McGough, who is a retail director at Hedgeye Risk Management. He said GME GameStop was a potential 10-bagger when it was at $20 late last year, and he's recently said he thinks PlayBoy is a 10-bagger (from ~$20). The general thesis is that the old management is gone and new management will have an opportunity to pivot the company towards a global sex, health, and media market that has a size of something like 300 billion. Still great upside from here, I am long the stock from $40 and am buying every dip.
Bearish Triangle / SPAC Time is OverI believe this is going to fall hard tomorrow... the SPAC period is over tomorrow and institutional shares can be sold as well as a bearish triangle is forming.
$PLBY 1hrNFT's have been on a tear. Next PT is 55
PLBY -- LEVELS: 32, 38.70, 41.50, 45, 45.50, 48, 55
PLBY. Absolute rocket of a week.Amazing week guys and girls, I just want to say that I appreciate all of you that follow my posts, like my posts, comment on my posts... etc .... whatever... any form of engagement really keeps me motivated and I'm absolutely over the moon that anyone at all even thinks what I'm doing on any occasion is a good idea.
I know I am not hitting 100%, but we are going to keep getting better, and keep getting smarter. We are going to figure the market out.
For me it has been a very hard road just to get to the point I'm at right now, and I have a long way to go. The markets make me rethink my life, make me feel stupid, and at times it just feels like there is nothing you can do to that is adequate. Whatever you do, do not quit! I have wanted to quit so many times that I am really, really surprised that I'm even here typing to you now. If you ever feel like you are going to quit, but you also feel like this is something you really want to be doing please leave a comment, let me know about what it is you're looking at and we can try to simplify it. This is a tough profession to be in, but we can do it!
Just know that I really appreciate you guys, and even though my dream is to move to a tropical paradise and drink coconut juice all day, when I am addressing you all there is really no place I would rather be.
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I am going to give you all a watchlist of 20'ish stocks to be on lookout for come Monday. If you see anything interesting feel free to leave a post on any of my stock related ideas. I miss tens to hundreds of opportunities a week, that's just the nature of the business. But, having you guys around really makes it easier for me to stay on top of it.
Stay tuned. Have a great weekend.
Perfect Head and Shoulders I believe this will play out over the next week... I am in on $22.5 puts that I bought at $42
