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ADDED to $HEAR New Target 35.90 for 34.08%$HEAR Target 35.90 for 34.08% Or next add at 24.64 ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TBCHLong
by SPYder_QQQueen_Trading
4
ADDED to $HEAR Target 36.67 for 25.32% $HEAR Target 36.67 for 25.32% Or next add at 24.64 Order filled on the earnings dip in after-hours... haha... this stuff just never gets old... ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TBCHLong
by SPYder_QQQueen_Trading
S&P Failed Breakout of Trading RangeIn a previous post I talked about this being a risky time to buy for a long term investment in the S&P , Emini, SPY , or MES . Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down, signalling bull profit taking. This is because the strong bulls bought lower; they know what is happening. They do not want to buy high because the risk is too large and the probability is too low. This is also where strong bears start looking to sell and will scale in higher if they need to. They understand the probability is in their favor. What happens when both strong bulls and strong bears sell? Well, there is only one direction for the market to go.. The bulls who bought the all time high (last weeks close) are currently trapped. The bulls who bought the breakout on July 12th are also trapped on the daily chart . This is very similar to the Jan 22, and Sep 17 bull closes. Look and see what happened next. Sharp selloffs as the bulls exit in a panic. It took months for prices to get back to a level where they could get out at break even, and they had to sit through a long enduring pullback in order to avoid a loss. Furthermore they risked money to essentially break even, which is extremely dangerous. This is what is known as the "thank you god price." Where those bulls are thankful just to get out without a significant loss. If this week closes as a bear bar, it will be a bear setup for a wedge reversal and failed bull breakout of a trading range. If it fails, and there is another new all time high, the bears will likely try for a second entry in the coming weeks. In either case, the bulls only have a 40% chance of a strong bull rally and measured move up based on the trading range. The bears have a 60% chance of two legs sideways to down and a test of the middle of the current trading range, or the bottom of the trading range around 2400. If you found this helpful please like! Feel free to comment or ask questions. See more at my website on how to learn to identify probabilities, create an edge, and develop your traders mentality.
CME_MINI:ES1!
by tradersmentality
2
$HEAR - Hope for bulls?Overview: Be fearful when others are greedy and greedy when others are fearful. Fear appears to be the case with $HEAR bulls at this point and greed with bears. Is there a hope for bulls? Let's see. There is a 75% short interest in this stock right now. If this isn't a world record it should be close to one. But shorts are not the ones hurting right now, they are in the black. Bulls (those that are left) on the other hand are under stress. I noticed that short interest was already piled on as it was approaching earnings. I believe the earnings is probably not exactly to likings of neither bulls nor bears. Bears couldn't afford to lose as the earnings announced. Too much was at stake for them. So, as the earnings came out bears took advantage of post market to push this down that along with some weak hands created that big gap that we saw on the next opening. $HEAR CEO mentioned something similar in conference. The subsequent drops appears to be follow through of the gap down when sentiment took the u-turn for some as fear took over. Fundamentals: On fundamental side at this moment we're at P/E of 3.62x which is very low compared to similar in industry. For instance Logitech has P/E ratio of 26.70x and EPS is 1.44 as of this writing. Using the conservative EPS guidance 0.9 of $HEAR this could be priced at/around $24 if we use similar pricing as Logitech. If we go by this, I don't believe we get buy opportunities like this often. Technical: Technicals are bad right now. But on smaller time frames things are starting to turn around. If you look at this hourly graph the green volume has picked up since the second wave down to 12ish region. It has formed a falling wedge right now which is a bullish sign. The last candle before close today has significantly more volume but very thin body which indicates that a fight went on between bears and bulls there but it went slightly in the favor of bulls and candle close green. MACD is about to get a bullish divergence. RSI is turning positive but it has faced resistance last few hours here but with MACD divergence we may see the resistance break. My Position: I have started to long today using April call options. Disclaimer: The information is to be used for educational purposes only. Not a recommendation to buy or sell.
NASDAQ:TBCHLong
by kaleemsajid