1. Triple Top @ 3200 2. Violated upper Bband on 07/31 3. Immediate close down 50 points day after earnings shows profit taking will probably continue over the next couple of weeks 4. Price target @ 2960
1. Price target $2850 by 08/07 2. Double top @ 07/13 and 07/21 3. Break of SMMA support @ $3033 4. Earnings will beat on 07/30, but price will crash day after like MSFT , NFLX , and TSLA 5. NQ reversal on daily chart which will pull all tech stocks down 6. Sell before expiry, since earnings will kill implied volatility
1. Extremely oversold on RSI 2. 30 psychological support level 3. Bounce off lower BBand 4. SPX reversal on daily charts 5. Price target $35
AXP 07/17 $95c 1. Support @ 0.618 Fib level (96.6) 2. Declining volume on downtrend 3. Bounce from McGinley MA
1. MACD Flips 2. McGinley MA flipped from support to resistance 3. No vaccine data anytime soon 4. Coronavirus cases up, SPY in downtrend, large cap stocks will reverse trend
XOM 7/17 $45c 1. McGinley Dynamic acting as historical support (see: 04/02, 04/16, 05/14, 06/22 daily candles) 2. StochRSI in buy zone 3. Bounce off 0.618 Fib Level likely ($45.60) 3. XLE Energy Sector ETF is trending up 4. Crude prices increasing as demand for oil recovers
KO 07/17 $46p 1. MACD Flip Negative 2. Bearish Triangle Formation 3. 0.786 Fib Level Rejection 4. Buyer's Uncertainty Candle on 06/18 5. Retail Sector ETF strength is low - pandemic cases significantly hurts retail 6. Unemployment increased for week of 06/14 - significantly hurts retail
1. Earnings positive 06/04 - tech sector resilient, AVGO part of key industries + Morningstar Fair Value 310. 2. Upward Channel from 05/02, higher lows resiliant 3. MACD Flip 05/20 coming into earnings. 4. +DMI divergence, Positive ADX trend starting 05/20
BABA 6/19 205p 1- Rejected @ key resistance after earnings 2- Double Top @ 215 3- Oversold CCI 4- MACD Flip 5- Increase in short interest post earnings Further downside if we break key supports @ 200, 195, 180
NTAP: Earnings: 05/27 MACD: Positive flip CCI: ~40 entry Trendlines: Higher highs, higher lows (upward channel)
INTU: CCI: Way overbought MACD: About to Flip Earnings: 05/21, performed well, but unsure of how far it will rise
Further downside for the week, MACD: Flipped negative CCI: Buy zone faltering Potential Double Top @ 9.8-10k Price Targets: 8800, 8600 05/22
NVDA: 05/22 $300 Call/Put Credit Spread OR 05/29 $350/365 Put/Call Credit Spread Supports @ 281 and 315 MACD: Flipped twice during uptrend, momentum continuing (at least until earnings) Earnings: 05/22, positive outlook - new GPU architecture released 05/15, and debt-earnings is low enough Price Target 350, 365 on 05/22
HUYA: Support: 14.9 MACD: Flip positive CCI: Overbought, but continuation due to interest. Earnings: Positive (05/22) Financials: Generally positive