OptionsRising

OptionsRising Updated 

After tumbling for weeks, price already made a bullish bounce off weekly support line. See the 3-candle pattern right at the line. Price has pulled back since, so I am ready to take a long position. RSI has bullish divergence and stochastic %D is moving above oversold territory. I like June expiry for calls because it may take a few weeks for RSI to move up to...

OptionsRising Updated 

Dashed lines mark a few levels on chart. Sometimes zooming out in time helps to really see price trends and patterns. Here you can see price has been consolidating in a rising channel since end of Jan. The more I look at this, the more I think price will eventually break the red line and continue lower. Signs that bearish trend continues: > 20sma (aqua)...

OptionsRising Updated 

Remember this is a weekly chart. Price retreated from 400 and I am not sure if stock price will remain so high after earnings, or going into mid-year. Stock price can move substantially lower which will make a great swing trade. Options volume is low on this stock, and so is general stock volume. If you are not willing to hold for a few weeks for price to...

OptionsRising Updated 

Sometimes I switch to a line graph so I can better evaluate price movements. Despite the high open, price is under the 20MA ~1042. 10MA is under 20, and the rally from 14 Mar up to the yellow line looks like the correction wave up. I see then the possibility of another move lower, but perhaps not yet. Note RSI at the 50 line and it needs to make a clear move...

OptionsRising Updated 

Funny how FB sells down at the open while there is news of a $300 price target. Well see the chart for yourself. White line connects low weekly closes and yellow line connects lowest prices. As there is yet no RSI divergence and chart is quite bearish, price could break 200. Note that a few weeks back price closed below white line and shot back up, creating a...

OptionsRising Updated 

RSI is bearish and price can move lower in daily channel. Price also rejecting from MA. If tech stocks drop then AAPL puts are much less risky tonight. Looking at weekly charts AAPL is of the few that is still closer to highs. If AAPL moves up tomorrow I don't lose much.

OptionsRising

This is definitely a chart to keep an eye on. Set alerts and start with a very small position in case price moves below 90. A swing trade will work well because there could be a pop or drop overnight. If stock moves up significantly in one day I will take profits and look to reset. I am looking at daily RSI, and I see Bitcoin possibly ready to break lower (not...

OptionsRising Updated 

update to last post - buying swing calls on this pullback with price around 17.80. Price may move down to 17.40-17.00, based on 30min chart, so I am keeping it a small position to hold. Will exit fully below 17 or if I do not see RSI and stochastic becoming more positive.

OptionsRising Updated 

On daily, if AMC holds bottom of cloud here and 17 (yellow line), it may see buyers for another move up. RSI could move back up again and stochastic looks like it will soon come out of oversold territory (yet to be confirmed). While 20sma is over the 50, one caution is that price has been consolidating under the 50 these past few days. I like the 30min chart...

OptionsRising Updated 

This chart follows my earlier post. First time calls did not work as price went lower. However this time 30min candle clearly broke over downtrend line and price is pulling back as I write this. Orange line connects closing prices. I am allowing time for the calls to work because price may drop back below line. I will exit these calls if stock falls below...

OptionsRising Updated 

If HD calls will work, I would like to see a quick move over the yellow line and over 310.

OptionsRising

It looks like the consolidation (loosely a rising channel) stopped when price hit the 200sma (red arrow). That may have begun a move lower, which if it continues can retest 32,000 and likely break lower in a sell off. COIN daily chart shows potential to break 150 and 30min chart has bearish MA's and RSI.

OptionsRising

Quickly sharing here, PTON went below 23 and saw buyers come in. See ovals marking RSI and stochastic becoming more bullish. Watch RSI to stay over 50. It may pull back to test the this level after crossing over, which would match with a price pullback after a strong move up. Caution in position size for now because stochastic and RSI on daily are still...

OptionsRising Updated 

I have to be fast with this one. Please see the chart indicators. As I was describing in comments of my previous Swing Put post, you can recognize the Elliott wave pattern without knowing much about it. I only use the concept of 3- and 5-waves to make trading decisions. Yellow dots show three waves down that complete a five wave pattern (3 down + 2 up). There...

OptionsRising Updated 

Daily chart shows possible inverse H&S. If not, price should at least move up to the 10 or 20 MAs, which still makes a good trade. Given that the 20sma is moving upward I think QQQ will move up again from here. Today's open was a strong bullish reversal and price has since come down toward yesterdays lows. 30min %K stochastic has given a buy signal. If you...

OptionsRising Updated 

Yellow lines show bullish divergence between RSI and price Yellow oval shows stochastic %K buy alert As stochastic %D rounds up, price can move to 8.40-8.80 as a first target Exit position on a break of 11April low - ultra low risk I suggest buying stock and holding through earnings. If you buy calls then go a few months out.

OptionsRising Updated 

> Earnings on BABA are 25 May > Over 15k call volume at 125 strike, 20May expiry > Stochastic %K buy alert (yellow oval) > RSI needs to move back over 50 w/n 2 days > Downtrend line from 5Apr not yet broken over While there is a gap below, the circle shows a bullish island reversal. I am willing to buy swing calls now and exit if stock falls below 101, 100. ...

OptionsRising Updated 

If 443.47 is broken, I see next two swing put targets around 433 and 415. Well SPY traded lower as I wrote this, so look for bounces into resistance to buy puts. It may not happen today, but SPY up to fill opening gap or move to 448+ will be a nice time to buy puts. Weekly RSI is bearish while stochastic is more neutral. Price is near weekly 50MA and if it...