Tuesday, October 1, 2019
Nick Sold His $BP Options For Big Profit, PLUS MORE…
What a day, from Gareth taking an easy one day hold profit as seen here.
To Nick banking over 26% PROFIT on his BP put options for his Bullseye Options Alerts members here. The profit making action is flowing and we hope you are not missing out.
BONUS ALERT!
Get ready for this, Nick will be holding an exclusive live webinar for his Bullseye Options Alerts members. This is where you can speak with the Master himself, live! Ask him your questions, hear him over your speakers. This type of access is worth its weight in gold! Enter the Bullseye Options Alerts here and do not miss this event. (members will be able to access a recording if you miss it live).
Watch Out When Microsoft $MSFT Does This…
The market is hanging by a thread after the ISM index showed a major contraction in the economy today. Microsoft (MSFT) is worth over $1 trillion and can arguably dictate the price action in the whole market. Therefore, if Microsoft breaks an epic trend line around $137.00, it will likely tumble to $130, then $120, taking the whole market down as much as 10% near-term. Watch this level on a daily closing basis. Note the chart below.
Gareth Soloway
InTheMoneyStocks
Ollie’s Bargain Outlet $OLLI Is Still Not On Sale, Here’s The Buy Level
In late August, the shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) tumbled after reporting earnings that failed to impress Wall Street. The stock topped out in May 2019 at $103.03 a share. Since that high pivot, the share have plunged by nearly 45.0%. Currently, OLLI stock is trading around the $57.50 level. While many traders and investors are thinking that a bottom has been made the stock it still trades below its 50 and 100-week moving averages. This tells me that the stock is still in a weak technical position on the charts. The important 200-week moving average has not been tested yet as it sits around the $52.73 level, but the longer the stock trades sideways above that area the more that moving average becomes minor support on the charts. My key buy level for OLLI stock will be around the $45.00 area. This important level is where the stock broke out in December 2017. As many of you know by now, I like stocks that retest their old break-out levels. These levels are usually defended by the institutional crowd.
Nick Santiago
InTheMoneyStocks
Hold This Stock For One Day: This Happens…
This is what happens when you follow the ONLY REAL Pro Trader on the web with decades of experience and thousands of verified trades in his track record for 12 years!
Members of Verified Investing Alerts woke up to profits again this morning. This time it was on their OSTK position which was held for just one day and earned a great profit. Trades like these, along with all of these, are how you build massive wealth! But if you do not have the real Pros on your side, you are wasting your time. Simple as that.
Enter the Verified Investing Alerts right now and do not miss the next trade!!
Monday, September 30, 2019
First Solar Inc Bounces Off Daily Chart Support, But This Trade Level Is Better $FSLR
Leading solar company, First Solar Inc (NASDAQ:FSLR), bounced off of the $56.00 level today. This level was a very important daily chart gap fill from April 9, 2019. It is possible that this current support level could hold up for a few days. Recently, the stock topped out at $68.55 a share on September 23, 2019, so traders can see the sharp decline that the stock has had since that pivot high. Should the current $56.00 support level fail to hold it should cause the stock to see another sharp drop. The next major support level for FSLR stock will be around the $50.00 area. This is where the stock broke out in February 2019. The 200-week moving average is also sitting just above that level as well making this support area very strong and a solid long side trade setup.
Nicholas Santiago
InTheMoneyStocks
Natural Gas Nears Technical Bounce Level $UNG
The Natural Gas ETF (UNG) has fallen from above $23 to $20 in just two weeks. The $23 pivot top represented a daily chart hit of the 200 moving average (resistance). This $20 level represents a hit of the daily 50 moving average (support). Just pennies below this level resides a major gap fill at $19.75. That is where I am waiting to buy. It is also at the Fibonacci 61.8%. With multiple factors, the UNG should get a solid bounce.
Gareth Soloway
InTheMoneyStocks
Canopy Growth $CGC Hits Double Bottom
Shares of Canopy Growth (CGC) hit double bottom support today. In general, swing traders are buying this play for a bounce off the $22.50 level. Upside is back to $25 near-term, then $32.00. As marijuana stocks are trading new 52 week lows and even multi-lows, investors should expect news or rumors of potential buyouts in the industry. Food and beverage companies will start looking to get into the CBD business. Overall, Tilray (TLRY) and Aurora Cannabis (ACB) show potential key technical support down in this area as well. I expect the whole sector to get as much as a 20% bounce near-term.
Gareth Soloway
InTheMoneyStocks
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