Stock Markets
24,028,939 Views |
231616 Replies |
Last: 9 hrs ago by ProgN
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,586
How long do you want to ignore this user?
Why am I nervous to load SPY puts here?
It feels obvious at +3 ATR that we are going to have a pull back, but I just feel I will get burned again.
If you don't load them here than Technical Analysis means nothing.
It feels obvious at +3 ATR that we are going to have a pull back, but I just feel I will get burned again.
If you don't load them here than Technical Analysis means nothing.
Because the last time we slightly closed under the 5 on the /ES, we went on an eight day run.SF2004 said:
Why am I nervous to load SPY puts here?
It feels obvious at +3 ATR that we are going to have a pull back, but I just feel I will get burned again.
If you don't load them here than Technical Analysis means nothing.
I get what you're saying entirely, but not comfortable doing it
Saw someone post on here about the recent great run of $UEC.
Here's some more news for it:
https://www.world-nuclear-news.org/Articles/UEC-to-buy-Uranium-One-US-uranium-assets
And I like that a US based company is buying US based uranium deposits back from Rosatom (Russian state sponsored nuclear group)
Here's some more news for it:
https://www.world-nuclear-news.org/Articles/UEC-to-buy-Uranium-One-US-uranium-assets
And I like that a US based company is buying US based uranium deposits back from Rosatom (Russian state sponsored nuclear group)
Anyone else in METX? I think it'll hit 1.00.
Looking at TSLA, it rose starting around 1, with a corresponding decline in VIX starting at the same time. Also all futures started to recover at that time.
Interesting.
Interesting.
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Counterthought:
They had mixed news on earnings last week, and have dropped. Long term support line at 7, true, but if the market macros continue down with opex in range these next two weeks, it could go down to challenge the lower support ranges at 6.61 and 6.4 that it touched in August and October.
The close today will be very important. A big sell off and weak close will forecast more selling, a rally leaves you in no mans land.
Maybe. If it bounced off it's long term floor trendline tomorrow it would hit $6.75. I'd put that at about max downside. It's tough to buy in to anything earnings related since the prior earnings call was nothing but positive and the stock tanked. I think fundamentals are merely acting as catalysts for what it's already going to do. And it's trend is now UP since it broke multiple levels of support last week.AG 2000' said:mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Counterthought:
They had mixed news on earnings last week, and have dropped. Long term support line at 7, true, but if the market macros continue down with opex in range these next two weeks, it could go down to challenge the lower support ranges at 6.61 and 6.4 that it touched in August and October.
But I've been wrong many times. Hopefully I'm not here.
Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
mazag08 said:Maybe. If it bounced off it's long term floor trendline tomorrow it would hit $6.75. I'd put that at about max downside. It's tough to buy in to anything earnings related since the prior earnings call was nothing but positive and the stock tanked. I think fundamentals are merely acting as catalysts for what it's already going to do. And it's trend is now UP since it broke multiple levels of support last week.AG 2000' said:mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Counterthought:
They had mixed news on earnings last week, and have dropped. Long term support line at 7, true, but if the market macros continue down with opex in range these next two weeks, it could go down to challenge the lower support ranges at 6.61 and 6.4 that it touched in August and October.
But I've been wrong many times. Hopefully I'm not here.
I hear ya. I'm in IMMR pretty substantially too. I like looking at these from other positions besides my own or board concensus too just to consider all angles. Ithink the macros are in the drivers seat the rest of this month with respect to where it goes.
It's got a pattern this year of declining after earnings but then climbing 2-3 weeks after. Hope you are right, would love to take some profits on it.
When Nick and GD line up.....I'm playin.
An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Plus the triple bottom on daily...AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Goodness RBLX just won't stop. Missed out a little, but still feel it's got room to come back down for a re-entry.
Good call.Irish 2.0 said:Plus the triple bottom on daily...AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
Think I mentioned this yesterday or maybe Friday, but that 275 price point is a long term line of support going back to November last year.
Maybe, maybe not.AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
McInnis 03 said:Maybe, maybe not.AG 2000' said:Wouldn't the macros have turn bullish for this to play?McInnis 03 said:
When Nick and GD line up.....I'm playin.An interesting lotto inspired by @NlCKStocks...$ROKU $300 weekly at .65
— Grateful Daytrader ⚡️ (@Gr8fulDaytrader) November 9, 2021
I like this. Am playing.
LOL
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,586
How long do you want to ignore this user?
bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
I got in on this late, so I'm not sure how valuable my opinion is to you, but I will take profit will all or most of my shares. I might leave some shares to sell CC on if the premiums are juicy enough.
Nice. I jumped in for 55,000 shares. Let's see where this thing goes. Aiming for 1.00.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
little rocket on JUPW just now.
all opinions are valuable to me as I continue to learn! however No options on this play or I would look to do the same. I am in for a small amount so this isn't a crazy swing for me just trying to build up an account and learn different strategies as I go.Tomas Hermensa said:bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
I got in on this late, so I'm not sure how valuable my opinion is to you, but I will take profit will all or most of my shares. I might leave some shares to sell CC on if the premiums are juicy enough.
I got in at $0.51.bmoochie said:Are you planning to sell shares to create a net free position after it feels the cup at the $1.35 area or completely close the position? Not sure if there was more potential after that range.mazag08 said:OA tuned me on to it. I've been waving it out and providing updates if you go back a couple pages.Challenger 17 said:
Anyone else in METX? I think it'll hit 1.00.
The next major resistance zone should be around $1.00 up to about $1.05. I'll go net free there. That area is a 123% extension from it's 10/29/21 high and its 11/3/21 low. After that you can usually expect a retracement down between the 76% and 100% extensions levels which would be $0.80 - $0.92 respectively. From there, you would look for another significant impulse up to the 161% extension right around $1.20, followed by a another look back at the 100% extension level in the low $0.90's (or likely around $1.00 since that's such a major support level), and then a final move up to $1.35 and likely stopping around $1.40.
- Above is a standard wave structure expectation which it has been following to this point. If any of those moves get extended upward, then each subsequent move likely extends to the next fib level as well.
- It would not be out of the question for the final move to extend beyond the 200% extension level and land somwhere between that and the 261% level around $1.65.
- Know your levels and be prapred to exit when the downside starts to outweight the upside.
- Keep a solid eye on it. These things can just as easily happen quickly as they can take forever. And one wave might go quickly followed by a long drawn out wave.
- If this all comes to fruition, expect a hefty 50-61% correction downward. Then we will label our top the new larger degree wave 1 and the corrective bottom our new larger degree wave 2 and do this all over again.
You can sell the Dec 7.5 puts for $0.85 right now...nice premium or a cost base at $6.65mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,154
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
Sold the last of my RIOT flyers at $9.40. One of my better trades this year thats for sure. Shout out to OA1!
That's a pretty good deal. And even if you do get assigned somehow, it's a great basis.gougler08 said:You can sell the Dec 7.5 puts for $0.85 right now...nice premium or a cost base at $6.65mazag08 said:
IMMR got down to $7.04. There's a tiny gap on the 1hr and shorter timeframe charts down to $7.01 dating back to 10/22 when it first started showing signs of this breakout. It might get it all or it might call it day where it's at. Either way, it's like 99% upside at this point.
If you aren't in, or you want to expand on your position, we might not see these prices again for a while.
Zoom out to the 1D chart and look at the gap above to $9.24 created a couple days ago. The next move should take it to cover that gap, then a 50-61% retrace of that move, then to $11.20 or higher.
Trench warfare on TSLA here at the close.
SAVA not being nice today.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,943
How long do you want to ignore this user?
AG
Feel like I need to reel in my degeneracy, I think I bought every yolo/lotto that was posted today
Here's the levels I've charted for a standard wave setup for METX. After Wave 2 bottomed it perfectly hit where a standard setup would hit for waves i of 3 (61% extension) and ii of 3 (23% extension). So unless it gets extended somewhere, these levels are what to expect.
And notice how the i of 3 looks like a completed cup, and the ii of 3 looks like a handle? And you know how the handle almost always leads to huge continuation?
Now you know.. that's called wave iii of 3.. usually the most powerful and impulsive wave.
Of course maybe I'm wrong and this is all really good looking bull ***** If so, hopefully you can at least profit somewhere along the way.
And notice how the i of 3 looks like a completed cup, and the ii of 3 looks like a handle? And you know how the handle almost always leads to huge continuation?
Now you know.. that's called wave iii of 3.. usually the most powerful and impulsive wave.
Of course maybe I'm wrong and this is all really good looking bull ***** If so, hopefully you can at least profit somewhere along the way.
I would not be surprised to see REI tank off of earnings, no matter the outcome.. somewhere between $2.30 and $2.70 before resuming to new highs.
Anyone in UPST???
I was not. But grabbed a few shares here sub $250.ProgN said:
Anyone in UPST???
Beat EPS and Rev and upped guidance. Haven't figured out where the sell off got triggered
Featured Stories
See All
33:54
13h ago
3.4k
Offense in Review feat. Stephen McGee: Texas A&M 26, BGSU 20
by Billy Liucci
38:22
14h ago
5.8k
Öhrström emerges as important piece to Texas A&M's offense
by Olin Buchanan
58:11
19h ago
4.7k
9:08
13h ago
942