SLAB sitting right under an interesting pivot.
I like the large volume bars for the power earnings gap and consolidation.
Calls over 211.15 targeting 224.77 and above.
RIDE looks to be sitting in the .386 retracement of its most recent pop, and it's uptrending nicely.
Ideal starting position is 25.22, but 26 is okay too. Could possibly consolidate for a day or 2 here before trending upwards again.
If you're swing-trading this, a cut loss @ 22 could make sense.
If you're a long term holder, cut loss @ 18.
Medium-term target @ 47...
DOCU bull flag setup
Scenario 1:
It is consolidating with declining volume. Possibly 1.5 more weeks of consolidating before the selling climax, breakout, and backtest.
Scenario #2:
It broke out on Jan 20th and is now backtesting.
Either way, a good spot to buy will possibly be at the 20 EMA.
Equal Legs PT: 298
SL: 245
PFE could have formed a gigantic cup&handle over the course of 21 years.
This can be a solid place to buy PFE for a long term hold.
Also, really not sure if we can apply TA to a timeframe this large, but it's fun to think about.
AAL has broken out of its 1.5-month bull flag consolidation, backtested, and is currently sitting on top of the 20 EMA .
In Elliott waves , it is in a 1-2-1-2-1-2.
Technically this is as bullish as it gets.
Fundamental risks
1. Vaccine rollout has been slower than planned
2. Earnings is on the 27th.
Conservative PT is the bull flag equal legs target of 23.
SL...
Looks to be breaking out of the bull flag. Equal legs target is 30.
Tight stop loss under 19.50.
Currently sitting on top of the daily ichimoku cloud support.
It could possibly backtest the penant a little more before it aggressively uptrends.
Risk:Reward -- 1:10
For the bulls.
With today's bounce off the lower-bound of the pitchfork, this count shows we're going to rip for at least the next 1.5 weeks if we conservatively target the 1.0 fib extension.
If we break past 3912 without a correction, then we can expect to uptrend until 4014 before we get a correction.
Start de-risking in the 3900-4000 range. Save some...
FUBO is currently uptrending nicely in the middle of a primary wave 3.
It is currently sitting at the lower bound of the pitchfork, so it is a BUY.
Primary target 104.96 by June before a nasty correction to 74.
--FUNDAMENTALS--
Fubo is a sports streaming service. They're seeking to differentiate themselves from YoutubeTV/other competitors by offering...
With the most recent airline/travel gap-up, UAL looks to have finished its bull flag consolidation and is now printing a higher low off the lower-bound of the pitch fork.
Equal-legs target is 63.18 by end of February.
Stop loss under the most recent low of 41.
ACTC is merging with an EV bus company. It popped off a Chamath tweet, but the merger won't be complete for some time.
An entry point can be made around the .618 retracement if this is the extent of the pop.
It sounds crazy, but the elliott wave /andrew's pitchfork forecasts an aggressive uptrend with a conservative target price of 94.05 by March.
An aggressive target price of 129.07 mid march.
Any dip is a buy. Stop loss at the break of the uptrend.
Sports betting will get popular and legalized under a government in need of more tax dollars.
DKNG might be topping out a wave 1 and looking to come down for a wave 2 now. Possibly too early to tell if wave 1 is complete. Buy zone between 49 and 47 if wave 2 is starting now.
BA has a bull flag penant and should be finishing its consolidation soon.
Taking the equal legs target of the bull flag gives 310.
1.618 of elliott wave fib extension is
Conservative target 283
Moderate target 310/314
IV is very low on BA right now. Barchart straddle/strangle screener is showing good probability.
Feb 26 2021 222.5C would be a...
