PCLN is up so far today, but it has a long top wick, which, to me, is a bit bearish. If it continues up Monday, it should be good for a bull put. The 705 is right below the 20 day and should pay well.
AAPL (below) gapped up and opened right at a line I had drawn off the bottom on 28 January. The wick on 26 February also touched it. Looks like AAPL is headed to the 50 day - at least, and we may have seen the bottom in AAPL. Point is that I'm not doing anything in AAPL until I see a solid bounce somewhere, and I anticipate seeing that around the 50-day.
CMG looks like it's trying to stay positive today. With the negative move in the overall S&P, CMG is staying "strong," so that's a good thing for up plays. If it bounces up good today or Monday, it should be good for a bull put. 20 day is at $319, so the $315 would have solid protection of both the 10 and 20 day.
CF (below) looks like it's found support on a parallel line to the last up-trend. The slope of that line is the same as the slope of the support line from the last up-trend, and it's snapped in based on the width of the channel of the last up-trend. All of that to say that it's a "guess," but it seems to be holding well. Once it gets above it's EMAs, it should be good for bull puts.
I also added a sloped line from 2-21, 3-8, and 3-11. It makes for a smaller channel and for another resistance line to watch the stock......The smaller channel does not
ReplyDeletenot match the size of previous patterrns. It does however look like in a couple of day it could match up with the 50 day.