h pattern

How low can MNGA go?

woooof

E said:

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How low can MNGA go?

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I got in, took some gain and got out a few weeks ago.

I might jump back in at $2.50

E said:

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How low can MNGA go?

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$2.45 = its flash low pre-reverse split. It loses that and no telling where it can go.

SUM all over the place. Move to $18 on short clearing and now red in the $15's

oldarmy1 said:

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SUM all over the place. Move to $18 on short clearing and now red in the $15's

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I may hop in now for a medium/long hold aiming for that gap at $24

SDS and SPXS.....remember pointing out the big volumes on those yesterday? There ya go. Another indicator for everyone to put in place.

gougler08 said:

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oldarmy1 said:

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SUM all over the place. Move to $18 on short clearing and now red in the $15's

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I may hop in now for a medium/long hold aiming for that gap at $24

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That is a reversal intraday pattern. I'd prefer seeing new entries using some form of options or at least a combination to enter. It liokely comes below $15, unless this was the mother of all shakes.


Hate it when it posts before sentence is finished!

oldarmy1 said:

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oldarmy1 said:

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Buying some PNC $124 weekly on the cheap

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One more push higher on the S&P and PNC should punch through in the money.

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You buying the dip or getting out?

tramaro1 said:

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oldarmy1 said:

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oldarmy1 said:

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Buying some PNC $124 weekly on the cheap

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One more push higher on the S&P and PNC should punch through in the money.

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You buying the dip or getting out?

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Handing with the CSX bucking the trend. Hanging with PNC unless it loses $122.33

2 h patterns took us to within yesterdays low but not breached. If current bounce holds then bounces above 2732 we staved off a reversal attempt.

oldarmy1 said:

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gougler08 said:

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oldarmy1 said:

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SUM all over the place. Move to $18 on short clearing and now red in the $15's

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I may hop in now for a medium/long hold aiming for that gap at $24

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That is a reversal intraday pattern. I'd prefer seeing new entries using some form of options or at least a combination to enter. It liokely comes below $15, unless this was the mother of all shakes.


Hate it when it posts before sentence is finished!

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Good to know, as always your advice is much appreciated

Taking the profits from pnc yesterday and buying today's lows on the 124 weekly. Hoping for a double. Getting out of it falls 20%

NIO trying...

NIO is finally seeing some action today, was up 5% before pulling back.

gougler08 said:

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oldarmy1 said:

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gougler08 said:

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oldarmy1 said:

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SUM all over the place. Move to $18 on short clearing and now red in the $15's

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I may hop in now for a medium/long hold aiming for that gap at $24

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That is a reversal intraday pattern. I'd prefer seeing new entries using some form of options or at least a combination to enter. It liokely comes below $15, unless this was the mother of all shakes.


Hate it when it posts before sentence is finished!

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Good to know, as always your advice is much appreciated

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Only an opinion but thanks!

SUM could energize on a go forward and push forward. However, its hard to ignore an obvious short squeeze of 20% stock movement finish with a dramatic drop. These intraday events are meant to confuse and they work because I'm confused on where it goes over the next couple of weeks.

Markets will have a lot to say as well. We push onward and upward and SUM gains added support.

PNC profits? What was your trade

Bought the weekly 124 calls at the low yesterday, sold them for 40% profit at the close. Waited for the dump and now waiting for a small jump up.
Whenever I trade pnc options, I always hear "hello darkness my old friend" in the background.

How much do we think last nights SOTU effected the markets today? I'm seeing red on all mine

Well since I bought some MNGA it'll drop to $1 now

E said:

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How much do we think last nights SOTU effected the markets today? I'm seeing red on all mine

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We got within 12 points of 2750. Close enough to have 100% of covered calls or Put hedges in place after a big run. I don't think the SOTU has any impact; especially since it was very positive on the economic front. This is just consolidation that may or may not turn into a pullback. I'd say a pullback would be healthy (also make my covered call strategy happy ).

So only trading I'm doing is some smaller lot options like CSX and a failed one on PNC that stopped out.

Aggie_2463 said:

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Well since I bought some MNGA it'll drop to $1 now

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GET OUT!

$2.60 appears to be a critical number for it. Hasn't closed below that, so lets keep it that way while absorbing the sellers.

Aggie_2463 said:

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Well since I bought some MNGA it'll drop to $1 now

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I got in at $2.50 - up 5% now. I'll ride this pony and see where she takes me.

mrad85 said:

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Aggie_2463 said:

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Well since I bought some MNGA it'll drop to $1 now

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I got in at $2.50 - up 5% now. I'll ride this pony and see where she takes me.

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Hopefully to $6

Big thank you to whoever mentioned snap the other day.

TWTR earnings tomorrow before the bell...hold me

gougler08 said:

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oldarmy1 said:

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gougler08 said:

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oldarmy1 said:

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SUM all over the place. Move to $18 on short clearing and now red in the $15's

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I may hop in now for a medium/long hold aiming for that gap at $24

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That is a reversal intraday pattern. I'd prefer seeing new entries using some form of options or at least a combination to enter. It liokely comes below $15, unless this was the mother of all shakes.


Hate it when it posts before sentence is finished!

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Good to know, as always your advice is much appreciated

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Here is why I'd be cautious with SUM (not long term just another cycle). Tell me a failed breakout candle that resulted in a move higher? This would be the first if it does.

mrad85 said:

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It's a good day today if you were in on MGNX @ $11.00

It was around $29 when I sold this morning. I thought it was an error when I opened up my account and saw that.

They must have found out something really powerful on cancer research.

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Their phase 3 clinical trial of a new breast cancer drug had favorable results, with better progression to cancer-free results than standard therapy.

Good for Breast Cancer research, and good for me!

For the chart experts, to me GE looks like a clear H&S with the right shoulder broken lower. I'm thinking of going short. What do y'all think?

Final covered call put in place. This one on our old friend OLED.

What do you think about buying the 22 Feb puts? Oled earnings are released 21 Feb.

Seor Chang said:

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What do you think about buying the 22 Feb puts? Oled earnings are released 21 Feb.

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Hmmm. Strike?