Asphen
Asphen
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avatarAsphen
05-25

Are there still legs in GOOG? I think so!

Price Action (Update 25 May 2024) - Still on target for fib extension 185! - 2 support levels that are interesting 155 - Previous earnings breakout level on 25 Apr - Was also the previous key resistance back in 29 Jan 2024 - Post earnings gap up created  - Also my nibble level if it comes down to this 165 - Last pull back support before breakout again - Also the 50% gap fill of post earnings gap up My plays - Have been in accumulation to some share holdings since 137, averaging at 140 Good luck, all! GOOG Daily Chart - 25 May 2024 @melson  @TigerStars  @macroB  
Are there still legs in GOOG? I think so!
avatarAsphen
05-25
Replying to @koolgal:Nice! trading and options are my monthly bonuses. my passive is my monthly income. haha//@koolgal:🌟🌟🌟Stock Trading to me means Finding The Best Stocks To Buy and Hold Long term.  It is a rewarding activity that can help me  to achieve my goal of FIRE - Financial Independence Retire Early! Stock Trading also requires lots of patience and time in the market to allow the magic of compounding to work. Just ask Warren Buffett who is a great example of Buy and Hold strategy which made him into a Billionaire!
avatarAsphen
05-25

C3.AI still good? Earnings coming up!

Price action (Update 25 May 2024) - Since the previous earnings gap up, C3.AI has come down 47% and recently recovered abit - It has since broke back into the previous range (overcoming the level of 23.70) back into the range of 23.70 to 32 - Earnings is on 29 May 2024 - Multiple MA lines as resistance (a big gap up will create a good support below) Bullish response to earnings (My chosen thesis) - Gap up and move towards Fib extension target of 30.23 - 32 to 36 is quite an easy move with little resistance Bearish response to earnings - A bear flag fib extension points to support around 17.66 to 19.65 Good luck, all! C3.AI Daily Chart - 25 May 2024 @melson  @TigerStars &nbs
C3.AI still good? Earnings coming up!
avatarAsphen
05-25

PATH ahead of earnings on 29th May

About PATH - Process automation company,for which they do well in. But still often mistaken for AI as it is more ML based  - They have developed their own GenAI solution (Auto-pilot) but yet to be established commercially  - They had recently achieved GAAP positive and sitting on a big pool of cash (1b+) - They have a good FCF  - Good in what they do but have stiff competition Price Action (Update 25 May 2024) - Earnings coming up on 29 May 2024 - Since hitting the recent high of 27, it has since come back down to a better value of around 20 - A bear flag had been formed from the breakdown from 23.80 on 21 Mar 2024 and had been in consolidation - Had been unable to retrace back above Fib 38.2 so remains slightly bearish headed into earnings Earnings bullish reaction - A go
PATH ahead of earnings on 29th May
avatarAsphen
05-24

Simple TSLA!

167 to hold!  If 167 cannot hold, I will wait for 145/150 again.  If 167 hold, then we again look to a break of 187 and then higher it goes.  Simple levels to reference. TSLA Daily - 24 May 2024 @melson  @TigerStars  @macroB  @CaptainTiger  @Deposit   $Tesla Motors(TSLA)$  
Simple TSLA!
avatarAsphen
05-18

Ping An - My fav counter on China Market is moving

PA is coming up to strong resistance range from 47 to 60.  So would be interesting to see how it navigates it. If can get over 60...another easy path up to 75.  Looks good.  Ping An - resistance range Fib retracement 61.8 is exactly 46.70... alas...that's where it stops on Friday...  It will likely reject off 46.70 or take awhile between 46.70 and 51.35. The longer it stays above 46.70, the more likely it will full retrace to 57.25. Ping An - Fib retracement  @melson  @TigerStars  @macroB  @CaptainTiger  
Ping An - My fav counter on China Market is moving
avatarAsphen
05-18

UNH - Forming well; Resistance zone coming up

Price action (Update 18 May 2024) - Price action has firmed up as analyzed (white arrow drawn previously) - Coming up to some "traffic resistance" between 528 and 540 - Again, if it can stay above 513 next few weeks, there is a good chance it can break through the resistance - Previous all time high stands at 558; Breaking 540 would set it up for that target to be easily reached - The breakout on 18 Apr out of the downtrend is a good note - Failure to hold 513 would mean 489 is back in play - For now, leaning bullish rather than bearish My plays - Have been nibbling in between 450 and 470  - Will continue to do so if 513 holds and will nibble in towards new all time high of >558 Good luck, all! UNH Daily - 18 May 2024 @melson
UNH - Forming well; Resistance zone coming up
avatarAsphen
05-17

VEEV - Much to be bullish about. Will earnings change it?

Price Action (Update 17 May 2024) - Charts of this counter had been quite technical - Pullback has been tactically to find support around the golden pocket (fib 61.8 and 78.6) - And price action balance had been found exactly at the Fib 61.8 (203) before recently breaking upwards - It has since went above 209 and on 16 May, exactly back tested the 209 level - Staying above 209 could well mean a path back to the all time high of 230+ - Note the gap above at 230 and 50% gap fill at 223 (all possible targets) My plays - With obvious targets above, am more bullish than bearish - Holding to shares nibbled since the 180s - Sold puts strikes 185 and 195 too - Holding above 209, will sell more puts for earnings play at 195 - This is one of my portfolio play, so am long term on this counter Good
VEEV - Much to be bullish about. Will earnings change it?
avatarAsphen
05-17

Good earnings spur WMT to first fib target!

Price action (Update 17 May 2024) - A counter been tracking since early 2023 but only went in Nov 2023 with the big gap down from earnings - Rode the gap down on 16 Nov 2023 and had been accumulating since en route to the latest earnings - Analysis shows WMT tends to react positively after a big gap down (previous one back in 18 May 2022) - Nov 2023 pullback was to the good support level (white box) - Been selling puts and accumulating shares since - Earnings gapped up to first fib resistance 64 (price action on 16 May 2024) - Target remains 67.82 and 70.25 and then 71.46 My plays - Will close multiple sold puts today - Had also set a sold call which will call away some shares on 17 May 2024 at good premium + cap gain - Will hold on remaining till the target of 70/71, accumulating further
Good earnings spur WMT to first fib target!
avatarAsphen
05-16

Triple Billing - INTC, OXY and UNH!

Intel has pulled back to Fib 78.6 extreme and trying to find support.  High volume bar too.  Worth a hedge. 31+ is also a good support of many confluences.  Will be forming my average down position abit here. Intel Daily - 16 May 2024 Slightly impatient and sold put early....again, lesson learnt to follow technicals!  Pullback to Fib 61.8 was sound! Good bounce! So turns out not bad... OXY Daily - 16 May 2024 UNH continues to show it will stay between the range of 460 and 560, a pattern since 2022.  503-513 is that middle of range and it has since broken above.  Continued staying above 513 points it positively to go for 560 again.  Inverse head and shoulder (double pattern) also bodes well.  Watch 513 holds. UNH Daily - 16 May 2024
Triple Billing - INTC, OXY and UNH!
avatarAsphen
05-11

FTNT - Confluence of 2 indicators for a key level - 55

Price action Update (11 May 2024) - Bear flag FIb extension points to 55 - Bull flag Fib 61.8 pullback also points to 55 - 55 is also a key level of support and resistance past months/years Look to find some support at 55 Sold puts strike 55  and will further nibble too  Interesting levels coming up.  Good luck, all! FTNT Daily - 11 May 2024 @melson  @TigerStars  @macroB  @CaptainTiger  @Deposit   $Fortinet(FTNT)$  
FTNT - Confluence of 2 indicators for a key level - 55
avatarAsphen
05-11

SHOP has become interesting after earnings; Consumer Sentiments however is worrying.

Price Action Update (11 May 2024) - Post earnings reaction high was 79 and low was 62 - Coincidentally, 62 was also near the Fib 61.8 level of 63 in pullback - It has since broken down below the earnings low and also into the golden pocket (between 61.8 and 78.6) - Good time to look for reversals Support Levels - 55 (Fib 78.6) - 46 (Full retrace) IV Crush - Means selling puts will not yield good premium due to post earnings IV crush Will be patient and nibble from 55 down to 46.  Good luck, all! SHOP Daily - 11 May 2024 @melson  @TigerStars  @macroB  @Ca
SHOP has become interesting after earnings; Consumer Sentiments however is worrying.
avatarAsphen
05-11

KO responds well with a good earnings; Target all Time High 67?

Price Update (11 May 2024) - Has been in a 58 to 65 range for a few years until the weight loss drug impact in 2023 brought it down to 52 - Has since rebounded well with a slow and steady climb back to the supporting range level of 58 - Building upon, it has gained good liquidity and with the recent earnings, now moving up - Has since broken the mid range of 62 and supported above ==> Good sign - A break of 65 again will certainly mean the previous all time high of 67 is vulnerable to be beaten! - Trend channel limit is currently at around 70 Accumulation drive - Been accumulating since 55 up to 60 - Puts strike 57.5 and 60 sold with good movement Diversification KO has been a good, slow and steady counter in my portfolio.  Helps me in diversifying from a heavy tech focus. 
KO responds well with a good earnings; Target all Time High 67?
avatarAsphen
05-11

MCD - The one that got away? Patience?

Price action update (11 May 2024) - After accumulating from 267 and letting go at 290, was anticipating MCD to pull back to Fib 61.8 - And so it did, with a double bottom formed in Apr and May 2024 - After it broke 267, was looking to wait till 260 (near Fib 78.6); guess was too greedy! - Breakout last week from 267 to 275 A double bottom is not a double bottom until neckline is broken! So be patient. See if 277 get broken and stay above. It might not be too late!  Will consider selling put strike 260 if any pullbacks.  Good luck, all! MCD Daily - 11 May 2024 @melson  @TigerStars  @macroB  
MCD - The one that got away? Patience?
avatarAsphen
05-11

GOOG Cup & Handle towards 176 and then 184?

GOOG on 30mins charts looks to have a possible cup and handle playout to 176 Which basically brings it back to the previous All Time High.  Larger Fib extension points to 184 and a break of 176 would mean 184 is still on target.  Nice nibbles on GOOG still the 130s.  Good luck, all GOOG Daily - 11 May 2024 GOOG 30mins - 11 May 2024 @melson  @TigerStars  @macroB  @CaptainTiger  @Deposit   $Alphabet(GOOG)$  
GOOG Cup & Handle towards 176 and then 184?
avatarAsphen
05-09

UNH looks good

Key level to watch  503 had been a level of past support and resistances. Anow now is a key level again.  Break 503 and back test and breakout will bode well for it.  Nibbles past weeks and months have panned out well finally.  NIce! UNH Daily - 8 May 2024 @melson  @TigerStars  @macroB  @CaptainTiger  @Deposit   $UnitedHealth(UNH)$  
UNH looks good
avatarAsphen
05-05

PLTR bounced from Fib 61.8 points to 29 / 32 post earnings on Monday?

Price Action (Update 5 May 2024) - Since the last earnings hitting 27, PLTR has since pullback to Fib 61.8 (20.47) on 22 Apr  - Bouncing off a Fib 61.8 usually is quite a bullish sign with a target of possibly 29 or 32 - Earnings is coming up post-market on Monday 6 May 2024 - Where will it go? Bullish - Fib extension to 29/32 Bearish - Back to support of a full retrace to 16.14 My plays - Sold multiple puts strikes 15, 17, 20 - If gap down to 16.14 will look for opportunities to nibble! Good luck, All! PLTR Daily - 5 May 2024 @melson  @TigerStars  @macroB  
PLTR bounced from Fib 61.8 points to 29 / 32 post earnings on Monday?
avatarAsphen
05-05

DBS upside 37.06 (unlikely) but downside 34.35 or 32.78 (likely) especially after XD 9 May

DBS upside 37.06 (unlikely) but downside 34.35 or 32.78 (likely) especially after XD 9 May
avatarAsphen
05-01
$Tesla Motors(TSLA)$   If it cannot test and break above 193... there is no chance of 200 even being remotely possible 
avatarAsphen
04-24
Poor earnings results but big moves due to the "cheap car" plans. Good rescue by Elon. @melson @TigerStars @macroB @CaptainTiger @Deposit
@Asphen:Upcoming earnings will define TSLA direction. Looks bearish to 96 if negative reaction

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