Updated MU idea. 43.62->55.5->31.37Looking like a failed H+S. I use fib so looking for target of .618 retrace for this earnings report. I've been reading up at MU has a ton of debt that it will have trouble paying off as interest rates going up, they definitely won't be able to do stock buybacks. If things get really bad then 16... but for right now kinda just looking like the platform support of 31.
Long to 55.5 then short to 31.37.
Wallstreetbets
My AMD trade plandon't feel like explaining too much. 27.17 LOD tomorrow Friday 8/14.
27.17 to 30.66
30.66 to 25.
25 to some retrace... 27? should be trending though so nothing major. after.
Lots of sideways before "oversold buy ins start, target of 40 means last buy in point 2/3 of way to stop 15.87... last earnings report price.
Wishful Thinking?I bought SPY Puts earlier 8/17 270 and 263. Although, my portfolio is down 40% at the moment, I came across the Elliot Wave Theory and thought that this might come in play. Friday's strong push caught me off guard so it would only be a miracle if this comes true. However, if we see strong momentum that breaks past ~276, I will close out my positions.
Disclaimer: I am a beginner trader so take this "analysis" at your own risk.
Double Top on Freddie Mac preferredsOn this wide time scale, it is easy to see a classic U-shaped Double Top formation (Naked Forex), which often precedes downward price action.
This pattern plays out like a carbon copy on FMCCP, FMCCT, FMCKI, & FMCKP.
Those seeking to enter into a long-term long position in the Freddie Mac family of CMN and PFD stocks that have not already done so should consider waiting until the move has played out such that they can purchase at a discount.