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Earningsplay

SBUX - Bearish Divergence - Short OpportunitySBUX seems to be showing a bearish divergence with the price action and RSI. If you can look at the chart, see how the Price action is creating Higher Highs, and RSI indicator is creating Lower Highs. That is a bearish indicator. Obviously, we do not want to make our decision just by using one indicator. We also see a rising wedge (in yellow) which we can use to mark our entries. As drawn on the chart, if the price breaks and closes below the rising wedge, we can enter PUTS and ride it until after earnings. The trade will get invalidated if the price breaks and closes above the bigger rising wedge (blue) , or (109.76) which we can use as a Stop-Loss. I've also marked some key support levels on the downside which you can use to plan your exits. TRADE: Option 1: (ITM) $110 Puts Expiring 3/17/2023 (around $530 per contract) Option 2: (OTM) $95 Puts Expiring 3/17/2023 (around $100 per contract) Stop-Loss: Price closes above 109.76 Risk: HIGH . (This can easily backfire and run up with the earnings FUD and depending on the result.) But I'll stick to my strategy and add the trade with a tight stop. As earnings are approaching, it is always risky to trade the ticker due to high volatility and not having a clear direction bias of the result. This is just my opinion. Do you own research before entering the trade. Let me know what you think in the comments below. Would love to see some of your inputs.
NASDAQ:SBUXShort
by MoneyChartz
SQ - Update - Potential ReversalSQ has been holding a downtrend for quite some time now; with buyers stepping in heading into earnings, we could see a nice bullish reversal coming and a breakout of the downtrend. Square's holding a massive falling wedge on the weekly timeframe, accompanied by some bullish hidden divergence on the RSI, Bollinger bands squeezing, and a huge bullish cypher harmonic pattern. Additionally, an inverse head and shoulders has formed on the 4-Hour timeframe (See Attached Charts Below). Similarly, on the daily timeframe, SQ is within a symmetrical triangle with some bullish hidden divergence on the RSI and a bullish Gartley harmonic pattern. Bullish and will be watching closely for a breakout from this wedge and triangle as buyers continue to step in (broader market conditions & earnings permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime. **See Below for Price Targets, Weekly Timeframe, and Previous Charts** PT1- $73.87 PT2- $78.82 PT3- $81.03 PT4- $86.76+ --Weekly Timeframe-- - Falling Wedge - Bullish Harmonic Formed on the Daily & Weekly Timeframes - Bollinger Bands Squeezing --4-Hour Timeframe-- - Inverse Head and Shoulders - Bullish Hidden Divergence on the RSI
NYSE:SQLong
by jacobosiason7
3
Falling Wedge - Earnings Play AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a bit wary to enter given Powell will be live at 2:30 today. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some FIB levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime --See Attached PT's & Previous Charts Below-- PT1- $103.17 PT2- $105.34 PT4- $107.11 PT4- $109.56 + --Previously Charted--
NASDAQ:AMZNLong
by jacobosiason7
2
Citigroup: Low Risk Puts TradeRight now the Puts for Citi expiring months out are very cheap and if we look slightly OTM we can see a put option expiring Mar 17th at the strike of $42.5 trading at under 40 cents. I could easily buy a bunch of these at a low risk and just see how it goes and that's what i will be doing. On the other end of things i will be hedging against my overall bearish stance by buying 5% of the amount of puts i buy in calls in the form of the Mar 17th strike of $50 calls selling for under $1.71 a piece.
NYSE:CShort
by RizeSenpai
DAVA- Falling Wedge BreakoutEyeing DAVA here after closing last week reclaiming its respective 50-day EMA. DAVA's been holding a massive falling wedge on both the daily and weekly timeframe. This is accompanied with its Bollinger bands squeezing on the weekly timeframe and a Bullish Cypher Harmonic Pattern as it heads into earnings. Additionally, on the daily timeframe DAVA is holding the same falling wedge, an ABCD harmonic pattern has formed, a MACD Golden Cross, and is sitting right on its 50-day EMA with the 100-day and 200-day starting to curl upwards. Bullish and will be looking for a breakout from this wedge (broader market conditions & earnings permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime. --See Below for Weekly Timeframe & Price Targets-- PT1- $79.54 PT2- $81.03 PT3- $86.76 PT4- $90.71+ --Weekly Timeframe-- - Falling Wedge - Bollinger Bands Squeezing - Bullish Cypher Harmonic Pattern
NYSE:DAVALong
by jacobosiason7
1
Flagging on the 5-YearAAPL is looking quite nice here after reclaiming its 50-Day SMA. AAPL is currently testing the upper trendline of this falling wedge on the daily timeframe, while simultaneously flagging on the weekly timeframe, accompanied by a bullish butterfly harmonic pattern, a MACD golden cross, and a double bottom (See Attached Chart Below). While all signs point to bullish, personally, I would like to see some consolidation prior to scaling into some Feb 2023' Calls to play the run-up to its earnings in January. Nevertheless, AAPL is still looking primed for a breakout on the daily timeframe holding a falling wedge with buyers stepping in as depicted on the RSI along with some bullish hidden divergence. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below PT1- $152.48 PT2- $154.12 PT3- $156.98 PT4- $160.14+ Weekly Timeframe Previously Charted
NASDAQ:AAPLLong
by jacobosiason7
1
RUN Solar Stock Uptrending from earningsRUN is benefiting from the federal incentives policies. As shown on the chart Price has risen 48% since the earnings report which was quite favorable. It is consistently above the Ichimoku cloud and is now in a consolidation. I see this as a good swing-long setup with the stop loss under the cloud or instead wait for a pullback. The target would be $37 at the swing high in mid September or when relative strength hits 80 and shows a bearish trend.
NASDAQ:RUNLong
by AwesomeAvani
TSN ShortEarly morning TSN will release quarterly earnings results. Friday before the market closed I saw some bearish contract flows on the 18 Nov 2022 expiry date for this underlying stock. Personally, I am not a big fan of playing earnings for the short term. Based on my quantitative analysis model I found that TSN stock is now at one of the lowest volatility levels. Earnings calls could increase volatility and stock could go either direction. With a tight stop, I think a bearish case is possible.
NYSE:TSNShort
by orkhanrustamov
AMC: Bullseye! What's next on AMC?• Since our last analysis on AMC, I warned about a top sign at $6.80 (link to my last analysis below this post); • Now, AMC hit our target with an astonishing precision, and we see some reaction. Could this be a bottom sign? Maybe. • It all depends on how it’ll react today, and earnings won’t make things easier. If it loses our support at the red line, AMC might retest the $3 area again; • However, it is trying to do a bullish candlestick today, indicating a possible bounce to our previous resistance at $6.80, and AMC would easily get there if earnings are good (or if the market perceive as good); • Either way, AMC looks good as it has plenty of upside/downside, regardless of what happens next. Let's just pay attention to the key support/resistance levels seen on the chart above; • I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
Norwegian Cruise Line Possible 60% DropIf earnings are perceived as relatively good to the shareholders then the share price will most likely catapult through the almost-year-old resistance trend line. If earnings are perceived as bad to the shareholders then earnings will most likely move towards the bottom resistance line (Most likely to happen). Before making a position I would wait until after earnings to capitalize, as the earnings will most likely be terrible just based on the past four earnings reports, but there is more money to be made if you are able to fundamentally analyze the stock prior to the earnings release and determine the stock's earnings report possible results based on cash flow or what ever fundamental analysts do.
NYSE:NCLHShort
by Daxobar
QQQ: These are the KEY POINTS we must watch from here!• Since QQQ hit the previous top at $284, it corrected, and now it is back to its support level, around the 21 ema/38.2% retracement; • The trend is still bearish, and in theory, QQQ is supposed to keep dropping to the next support levels, like the 61.8% retracement; • By losing the 61.8%, there’s no other support until the $250; • However, if QQQ does a bullish pattern above one of the retracements, it might indicate a true bullish reversal, especially if it breaks the $284; • If this scenario materializes in the next few days, the next technical target is the gap around $307 (yellow square); • It all depends on how tech stocks will take the next earnings. Either way, if QQQ will break the $284 or seek lower support levels, we’ll have our answer soon. Remember to follow me to keep in touch with my analyses!
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
2
SPY to New LowsMarket Makers are selling off large caps and shifting funds into Indexes in order to hold the market up for a complete exit on large caps since they'll be hit the hardest by a crash event and another rate hike. Apple earnings are today after hours, and appear to be the last decider for this earnings weak, amazon and apple both hold the largest weight for SPY. Meta down, Microsoft down, Tesla down, Google down, Apple & Amazon are Spy's last hope, and based on not going against the trend, I'd assume these two giants do like Meta, Google, Microsoft, & Tesla. Slight chance this gets manipulated since apple is the largest holding of a lot of investors but I believe they must be exiting apple shares while pumping the indexes to maximize the exit position. GDP was higher than expected, which can add fuel to the fire of another rate hike that can tank the market further down, US Dollar needs to go up from here, very overextended to be honest, and could lead to a ripple effect, a huge parabolic sell off.
AMEX:SPYShort
by kibakilla33
3
Kraft: Gains to be capped?!Kraft Heinz Company Short Term - We look to Sell at 38.68 (stop at 40.36) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This has resulted in signals for sentiment being at overbought extremes and we look for a move to the downside. Bespoke resistance is located at 39.00. Price action continues to gravitate towards crucial resistance levels with aggressive buying interest. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 34.50 and 33.00 Resistance: 39.00 / 44.50 / 55.00 Support: 34.50 / 31.00 / 25.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:KHCShort
by VantageMarkets
AA: Bad earnings report will push down?Alcoa Corporation Intraday - We look to Sell at 37.00 (stop at 41.12) This stock has recently been in the news headlines. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. Further downside is expected although we prefer to sell into rallies close to the 37.00 level. Our profit targets will be 27.48 and 22.00 Resistance: 41.00 / 58.00 / 80.00 Support: 27.50 / 17.50 / 10.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:AAShort
by VantageMarkets