thealecbellamy

thealecbellamy

Stock looks like it’s getting ready to gap fill down to 69ish. Good time to try a few puts. Target 1 is 71, target 2 is 69.5. Just finished a tougher earnings quarter... stock needs to finish cooling off before anyone jumps into calls. Needs to finish going down through the green and find support at demand around 68-71. Good luck if you play!

thealecbellamy

This is a pretty simple chart - Below 190 and we’ll see 160, but above 205 and we’ll see 217 and then 228. With the 20 million revenue beat and 60%+ surprise on EPS, I’m thinking we see ATH’s with a market recovery. Be careful with the election, but this is a safer bet in a sea of risk if you ask me!! Another one of the stocks winning from this Covid-19 push...

thealecbellamy

After an earnings call that showed some signs of life moving forward (but still losing money), this looks like a great entry!! Hitting previous demand area and will bounce soon with the market. (Or continue to try and touch the bottom of this wedge) Good luck if you play! Still sitting on large unrealized losses from the previous breakout watch. Bought enough time...

thealecbellamy

The ETF for airlines is also breaking out of its symmetrical triangle. This is great support of the BA move!! Get ready!

thealecbellamy

If the price can close today above the trend line, look for a gap up soon. Volume today has been great. Momentum is building and premiums are rising. Looks like they’re preparing for a big move. LUV just reported a beat today, new missile project, 737 soon too be in use, the news is too good to ignore!! Get ready!! Last step, government relief!!

thealecbellamy

Gap from last week has been filled. On the 4hr we’re still above the 26 day average for green ichimoku cloud, which will help average up that longer term line and push the stock out of this wedge, starting the breakout. Keep watch. If 163-164 gives way, we can see a lot lower. Beware of earnings coming soon. Will need stimulus catalyst to breakout.

thealecbellamy

Repeat formations in the stock are indicating a breakout is coming. News has been positive with 737’s being re-commissioned in December and tickets being purchased as early as the end of this month. Three targets after 170-175 breaks: 1st is 190, 2nd is 227, and 3rd is 249. Tagging the third target would also mean we close another gap from the covid-19 market...

thealecbellamy

Two routes: 1) Price above 3483 and we’ll average up to give recent highs a kiss. Let’s see if we overtake that resistance. Trump may run it into the election for the boost, or the market may chop around this level given the uncertainty around the election. Either way, above this price and market outlook is good. 2) Below the red trend line and three downwards...

thealecbellamy

GE is in a great position with room to run. Levels shown as white lines. Company is under strong leadership who was already working on debt reduction and a redistribution of assets. 7.49 first, then 8+, see you there!!

thealecbellamy

40+ in early 2021, if not sooner. Will depend on market conditions of course, but the demand for efficient and optimized at home working platforms will only increase as more companies shift to at-home employment. Benefits have already been realized, no turning back now no matter how hard anyone fights it. Slack is positioned well to be a leader in such an...

thealecbellamy

Stock finally closed above the resistance at 459, let’s see if we get continuation. Daily looks fantastic. Maybe we get a quick stop around 480, but 500 will come quickly with any positive market news. Stimulus = New ATH just fyi, so be prepared to leave a runner if you buy time. Good luck!! This one looks ripe.

thealecbellamy

Been awhile since I’ve posted about PEP - Gap through consolidation to start the week off. Then the stock tagged the 143.77 resistance created in March and September, and is continuing to hold in the 140’s above the 9 day ichimoku average line, indicating a positive continued trend. Looking to close out weeklies around 147 resistance from pre-Covid timeframe....

thealecbellamy

We’re going to see 8.57 trading soon, be ready!! I’ll be out by then minus a rider 🤣 good luck if you play!!

thealecbellamy

Looking like momentum is building in this one... 61.01 trigger to move to orange target and could blow right through. Good luck if you play!

thealecbellamy

Took awhile for the stock to push to higher targets after breaking out of that March trend line, but finally happened the last two days. Closed above first target and supported on three 4hr candles. Get the feeling we test ATH’s in the coming future. Red and orange lines are next targets and from there it’s got room to go if it blows through. Good luck if you play!!

thealecbellamy

VXX hit the target zone called out back in July and has since skyrocketed. Today it ticked my top target and is in the red cloud on the daily. I imagine we see a little pull back here before we press through the cloud and look to go even higher. Volatility is going to sky rocket into the elections. Congrats to all who played this!! And good luck to all who will...

thealecbellamy

Uber is building a weekly coil with overhead resistance around 36.5, unless it decides to breakout. I will be taking profits on calls at 36, purchased at 33.8. (Leaving a runner) Good RSI positive trend as well. Good luck trading!!

thealecbellamy

Stock finally broke out of the weekly consolidation between 127 and 138.7 and is currently back resting the breakout. The stock price found support at the top of the consolidation. Let’s see if we can continue this breakout moving forward. Blue target first, green second, red third. Stock may go through a target easily, but be prepared to trim and take profit as...