0HCK trade ideas
ALGN - H&S formation short from current price to 222.13 & 171.23ALGN still looks good as H&S Pattern. It seems declining forming its right shoulder. Money flow is declining.
We think it has good downside potential. To trade this we would consider $230 July puts @ $13.50
* Trade Criteria *
Date First Found- March 1, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- From current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $270.30
Indicator Notes- Twiggs money flow coming down sharp.
Special Note- We would consider $230 July puts @ $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALGN - H&S formation short from current level to $171.23ALGN seems forming a H&S formation along with decent insider selling. We think it has good downside potential from current lebel.
To trade this we Could consider the $230 July puts which are currently $13.50.
* Trade Criteria *
Date First Found- February 21, 2018
Pattern/Why- Possible H&S formation
Entry Target Criteria- Current price
Exit Target Criteria- 1st Target $222.13 and 2nd target $171.23
Stop Loss Criteria- $264.30
Indicator Notes- Twiggs money flow heading down
Special Note- Could consider the $230 July puts which are currently $13.50
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALGN ready for more upsideOption play for 2018
Align Technology, Inc. (NASDAQ:ALGN) has a $19 billion market cap, a P/E of 73 and is up 153% this year-to-date. And it makes braces for your teeth.
With the U.S. market booming, China has just begun.
Daily Oscillator and indicators showing the beginning of a new uptrend.
Moving in a bullish cloud and trying to go futher higher.
Possible plays:
Waiting for a little pullback before buying the first Call options with first target $250
sold everything todayit's pretty obvious the support for this one has been waning for a while, was lucky to stick with it this long before bailing for a profit. I would suggest whoever reads this to do the same if they've been holding a position. It has to correct itself at some point, even if this day doesn't represent the trend to come in the next few weeks
Ride the trend, my friend =)As we see, there is a very long trend with small consolidations.
Interesting is, entry and exit of consolidation is the same price (marked with blue and teal arrows).
Setup: I want to ride that incoming long wave. In the past the breakouts were at least 10-15 up to 40 and more USD.
Entry trigger: If price drops to entry level of consolidation, thats when I pull the trigger. Since we are chasing higher ATH here, it is hard to predict where we will end up, so I will go with an trailing stop as soon as we are even.
Good luck and remember:
Only trade what YOU agree. I am not a wizard, able to foresee the future!
$ALGN Nice stock, nicer pullback. I like this one outside the downward diagonal trendline .
Earnings are coming pretty fast so don't forget that fact.
I was hoping for a bigger drop but support seems pretty decent in that area with the red POC 5.71% and two Tim West Key Option Levels ( KOL -1.44% ) in the support area .
Note that one of the KOL -1.44% is actually hidden by the POC 5.71% as they share the same level.
The stock will do what it needs to do but I would not be surprised to see the stock ramp up along the edge of the lower Linear Regression channel.
The yellow area will be my stop-loss area.
Since ALGN -0.70% are selling items like the Invisalign braces, they might be a lot more "Tweet-Resistant" than many of the other healthcare suppliers Trumps likes to torment slowly one Tweet at a time.
