Search

Profit Over Greed Weekly Setups for 10/25-10/29

A lot of big name earnings this week, so keep that in mind when you make your own approach this week and it will provide many opportunities for us with our 15-ORB and 30-ORB plays this week.


$ANF decent looking inside week action here this week and looking for a move over $38.64 this week up to and thru $39.85 with a move over $40 being ideal with the 11/19 40c on a breakout with $37 holding



$BROS looking for continued range expansion here over $69.54 and push thru $70 this week for a longer-term push toward a $100 magnet as it has been gaining volume and attention, looking at the 11/19 70c this week




$CELH a lot of sideways action here as of late and will be looking for them to take it over $96.60 this week and then $97.85 and $99.48 to get a solid move over $100 with the 11/19 100c if $87 continues to base




$CRM strong outside day on Friday to close out the week last week and will be looking for a move over $293.25-$295.53 this week to see if we can finally get that $300 magnet with the 11/19 300c




$DIS has been a weak link lately and will be looking for further downside action this week if it breaks $168.60 targeting $167.10 with the 11/19 165p or the 11/19 175c on a push over $171.50 for a reversal on the week




$FSLR had this one a few weeks ago and worked very well. Now looking for the inside day hammer up move here over $106.29 for a run-up into earnings soon with the 11/19 110c targeting $109.96+ this week




$IMAX does have earnings this week, so be mindful of that as we look for a move over $21.86 this week as it closed out last week strong and will be looking at the 11/19 22c here ahead of earnings




$MGM inside week with an inside day to start things off and will be looking for a move over $48.47 to get things started then push up to and thru $49.13 for that move to $50+ this week with the 11/19 50c



$MRVL took the outside to inside week up last week, but couldn't expand that range. Will be looking for a short move on it this week under $65.87 down to a support area of $64.07 with the 11/19 65p




$MU inside week with a bearish outside day to close things off last week. Looking for a bullish move over $69.20 this week with the 11/19 70c to $70.36+ or short under the UTL with the 11/19 67p down to $65.67



$OKTA double inside day action with them holding $255 well and now will be looking for a move over $261.08 this week up to around $265-$270 area on strength with the 11/19 270c as they continue to hold that gap at $250



$OXY will be looking at the bigger goal of $34.63 here as it remains the March 2020 high resistance spot and over $34 then we should test that area and push thru on remaining oil strength with the 11/19 35c for a swing into earnings



$SFIX put in a nice new lower low this week with a hammer on Monday and now giving a pause inside day and looking for that move over $35-$35.19 this week and confirm a reversal with the 11/19 35c for a small swing



$UPST not surprised with the fall since tagging $400 here and will be looking for continued selling this week under $336.66 down to $320 and $305 with the 10/29 300p for a risky weekly short this week



$X has earnings this week, so be mindful of that as we go into the week but looking for them to get up around the top of the broadening formation here this week ahead of earnings with the 11/19 23c




Weekly Calls: https://tos.mx/jLkJhHY



Weekly Puts: https://tos.mx/VYhrus3






110 views0 comments