Starting to get filled now, don't expect a complete fill immediately, but was a nice recovery so far...
Not going to expect the world on each recovery for $TLRY, week stocks are in a long term down trend that is yet to be broken, but recovery bounces can easily be 20-30% before dropping again...
As a play for several months, I think this one has room to run, technical and fundamental solid set up...
Then the next stop is about $225 and we stay in this range, you don't really need to be bullish, just believe that this stays in this range. It could have gone all the way down to $175, but held low $180's and now looks to be making the next push back up. A lot of psychological marks to get through though, $200, $205 $210 etc. Unless we get a big news item (like...
Will be interesting to see how we close, could set up a next week run...
Looking at 2/18 $55 calls on this one, earnings next week, consolidating here for weeks, liking the potential...
Not much support in this area, have been working on charting a V recovery, not panning out. If we show weakness again, the last low was $2,700, a break of that and we could go to $2,400 in a few weeks...the market needs to find something to hold onto, but the FED provided no support for that so looks like weakness will continue.
All comes down to the FED today, if we don't get dovish rhetoric its a not goer, but watching still to see if we can find something here...
Some positive news on cost cutting to limit costs, enough to get a decent bounce, but does it have a little more to get us back to $3?...
Big, big day tomorrow. Earnings that just so happen to fall on FED minutes day...could be a flier or a huge dump, happened to be successful yesterday buying $210 call and $220's at the bottom and selling $215's and $225's for the same price so I'm getting a free play for earnings. We'll see how it all shakes out tomorrow...
They small healthcare tech company has had some good news recently with contracts, beaten down severely in the stock market rout...potential to double I would think, parked some cash into commons here for a week to see what happens on any stock market rebound.
I'll go back to my last week chart eventually to see if it works out, but we have the beginning of a V shaped recovery in the works...
With the market recovery potentially on tap, this stock was about to make a break before the market got weak. Can it start over with a move to ATH's?
What a crazy day in the market, BA tested under $200 and recovered to close solidly over $200 with the market rebound. Now we have earnings coming up pre-market Wednesday, still waiting on China MAX approval, a few potential catalysts to get this thing going back the right direction.
Is this the low of the RSI, are we going to stop selling? Lowest RIS daily/weekly I see on the chart since 2008...seems like a reasonable risk/reward for a few call spreads now...
I like the set up here, not sure about options volume however. Maybe, just maybe a next week $240...or perhaps a Feb $160 at $1.10 to play a full breakout.
That's all I have to say, wow, what a GAP....will be monitoring this situation...
If we recover, there will be time to jump in, could be risk of $205 or $200 now, but with earnings next week let's just sit and wait for a full market recovery.