Posted by mrjasongill on 10th of Nov 2020 at 10:44 am
I did well on some puts, but i sold too soon. stock is
down 9% today already but looks like a big bearish engulfing on the
daily, so maybe more downside to come. What's your target
matt?
Posted by racerick on 10th of Nov 2020 at 10:04 am
Matt Are you doing just for a scalp or a swing? I was late
getting in this am because it moved up so waited till it broke 1st
5min bar and 5min 200 at 43.80ish Looks like short term support
around 40 and earnings next week
it's always tough to say there. I locked in a bunch at that 42
symmetry area, but because of the paraboilc move it had I could see
a reason to keep it for a larger pullback as once these parabolic
moves end, price is due for a decent correction so I kept some, I
probably should have kept more honestly but that's just my nature.
I will look to add back if I see a trigger.
Nice that you caught it! Glad I posted it yesterday, when
I was doing my newsletter and reviewing ideas it really stood out
to me as now vulnerable, had that perfect parabolic look and the 60
min divergence sealed the deal.
short term on 60 min chart symmetry target is 42 which was just
achieved.
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NIO follow up
Posted by matt on 10th of Nov 2020 at 09:45 am
NIO - Chart Link- I had shorted some in after hrs yesterday when doing the newsletter, did a bit more this morning as it was up some
NIO - Chart Link- 60 min view, wedge with MACD div
I did well on some
Posted by mrjasongill on 10th of Nov 2020 at 10:44 am
I did well on some puts, but i sold too soon. stock is down 9% today already but looks like a big bearish engulfing on the daily, so maybe more downside to come. What's your target matt?
Matt Are you doing just
Posted by racerick on 10th of Nov 2020 at 10:04 am
Matt Are you doing just for a scalp or a swing? I was late getting in this am because it moved up so waited till it broke 1st 5min bar and 5min 200 at 43.80ish Looks like short term support around 40 and earnings next week
it's always tough to say
Posted by matt on 10th of Nov 2020 at 10:12 am
it's always tough to say there. I locked in a bunch at that 42 symmetry area, but because of the paraboilc move it had I could see a reason to keep it for a larger pullback as once these parabolic moves end, price is due for a decent correction so I kept some, I probably should have kept more honestly but that's just my nature. I will look to add back if I see a trigger.
What is the stop price
Posted by dakotadj on 10th of Nov 2020 at 10:38 am
What is the stop price on the existing SPY Breakout trade?
Nice call Matt. I closed
Posted by elementsix on 10th of Nov 2020 at 10:01 am
Nice call Matt. I closed the rest of my position at the open.
Nice that you caught it!
Posted by matt on 10th of Nov 2020 at 10:03 am
Nice that you caught it! Glad I posted it yesterday, when I was doing my newsletter and reviewing ideas it really stood out to me as now vulnerable, had that perfect parabolic look and the 60 min divergence sealed the deal.
short term on 60 min chart symmetry target is 42 which was just achieved.