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CROX Big Day Confirms UptrendIt is easy to write about a long after it gains over 8% in one day, but this CROX breakout was more predictable than most realize. CROX first caught my eye when it bounced nicely off support at the long term uptrend line earlier in the month. I patiently waited for the MACD to begin curling upwards and RSI to be pointing up around the 40 level before I bought ATM calls (see vertical line on the chart). I was not expecting three days of red to follow after a small bounce, but managed to pick up some more calls because it was very close to the trend line, and technicals still pointed to an upwards move in the near term (see red arrow). Today, CROX broke out gaining over 8%, confirming the direction of the indicators and current uptrend. It now looks as CROX could gain much more in the near term as well. I have a price target of $21 for CROX over the next few weeks, and plan to sell half my position there and let the other half ride, as long as the upswing still looks sustainable.
NASDAQ:CROXLong
by pstowe
Break out or Break down - $C - CitigroupShort-term call? After a quick drop and sharp earnings reversal, Citigroup seems to be ready to break out of the "Head and Shoulders" pattern it has been setting for a year. In the past two years especially, the second half of the year has typically been a boon to the Financial Sector. Due to the lack of resistance, if Citigroup does resume it's trend, it's clear skies until $73 or 8 strikes from it's Monday (7/16/18) close of $69.47. MACD & RSI divergence, higher lows & highs, hint it's break out time; although $C tends to test support when closing below a mid-dollar strike (e.g. $68.5, $69.5 ... ) many signs seem bullish. Short-term Put? Since the 100-day MA hasn't been traversed quite yet and dimming global outlook for a very globally diverse financial institution are pertinent concerns: a resumption of $C's breakdown toward $67.50 is still plausible; Less likely after $66.50 was touched and multiple lines of support drawn there after during the post-earnings fire-sell, but still plausible all the same. Having a complete collapse like the "Head & Shoulders" suggests, and a fall straight through $66 is more of a longer term trend that is unlikely, but still possible. Caution would be to start with a strangle or straddle around the $69.50 strike, with the call focusing on the resistance-turn-support of $69 (firmly in the money) and roll the dice with the put's placement, with one's choice on potential gains. At the end of the day: Financial deregulation, tactical global divestment, Citigroup's 10% share buyback, increase in dividend payouts and a solid beat on it's Q2 earnings (despite the sell-off) all point toward a brighter future. Old allies and Old foes becoming the opposite, nationalistic rhetoric and new Middle-Eastern oil deals all are obstacles, but whether they are insurmountable is up to your short-term hypothesis because only time tells; and time is always money.
NYSE:C
by Arizard
Nifty Trade Setup - 29th juneHello all, First I would like to say sorry for late update for nifty Trade setup for yesterday. Guys, We had made the damn good profit. It was almost breakout their strongest support when hit 10558 but closed 10589 later of the day. Today we need to wait for first 30 minutes. If nifty closed 10550 then we will go with sell and our target is 10515/10436 but if started to trade above then 10600 then we will buy for 10631 target. My Trades : gyazo.com Good luck
NSE:NIFTY
by Virupandey81
Nifty Trade setup for FNO - 26th juneHello Everyone, Hope you all doing good and making good profit. Our today target has been also achieved and I also make good ROI from my Investments. Currently Nifty has reached again on their support which is on 10760. Remember Nifty is testing this support third time and there is a lot of chances to breakout this support tomorrow because of expiry. so Be aware and wait for first 30 minutes before opening your put. 1. Open put if it's breakout support and started to trade lower then 10740. Target is 10710 2 Open Call if it's rejects to breakout their support and started to trade above then 10770. Target is 10821/10893 Today Result is : i.gyazo.com
NSE:NIFTY
by Virupandey81
Bank Nifty - Trade Setup for 22th June 2018Hello all , Bank Nifty is so slow yesterday and did not make any major move, maybe it's happened because of the June Closing. There is 2 major point of bank Bank Nifty and it was traded btw in these 2 points for a couple of weeks. 26136 is a major support and 26762 is resistance. Bank Nifty was trading btw in this channel but I had seen a bearish divergence in 2 hour time frame and think that bank Nifty will be breakout his support today and will go lower. I did not have any target in my mind because of The market scenario. We will see where is it going . First 30 minute is important to watch but yeah I will avoid to with call or buy Position . Good luck
NSE:BANKNIFTY
by Virupandey81
DONT GET CAUGHT IN THE BULL TRAP. SHORT SPXAs you can see we have continued our way printing that nice thicc inverse head and shoulders. We had little bit of a run up yesterday and suddenly the media sentiment shifted. DONT GET CAUGHT UP IN THE HEADLINES. Apple will not save you, Boeing will not save you, the fed will not save you. The top has blown off. Dont pay attention to the bull trap! Keep your shorts and lets make some money. Scoopity Poop Poop De Woop Poop Scoop Darklord_
SP:SPXShort
by I_I_I_I_I_I_I_I_I_I_I_I_I_I_I
4
ROKU WHAT HAPPENED!Alright so this stock has plummeted down to the 30.00 Region. It's very hard to tell where prices will go in the future, I believe that if prices break out of the 40.00 Region . We could gradually see prices going to the upside target of 60.00 . Wiping out all prior highs, I also believe that it's not farfetched anticipating a short on this stock down to lows of 20.00 . I think you should stay out of this stock for now guys! Just my two cents of course! STAY SAFE GUYS !
NASDAQ:ROKU
by Graignm09
KEYCORP SHORT (UPDATE)So guys I'm not back tracking on my bias however I'm starting to think that my short bias on this stock is perhaps longer term. This stock simply doesn't have as much volume as a large cap company to support this sharp move down to our expected levels or perhaps breaking our lower bound. Of course adverse news about the company could help fuel this move however I'm not going to be banking on this. I say whilst we're still in the profit we pull back on our original bias and just go long on this soon, the big short on this stock is coming just not now. I don't believe our bias is short term at all. Currently there's a chance to go long on this, potentially wiping out our current resistance. This could be a very lucrative trade however one thing to consider is the fact that our bias doesn't guarantee a profitable trade on this stock. It's ultimately the market's perception of this stock which will shape it's future. HOWEVER. Let's sit back and see what happens, expect more updates on this guys!
NYSE:KEY
by Graignm09