I use RSI and Slow Stoch and some stocks just work out well. The best are well established companies like BA or IBM - they are still volatile enough to trade options . Others like AMBA are just hyped to much to use standard metrics.
The trouble with your analysis is that it's 3-4 years late.
I cannot find the quotes on it but Motley Fool was promoting NXPI with pretty much these words long time ago - it was sub 20 at that time. There is still growth left in NXPI especially after FSL acquisition but it won't be 5x growth. Maybe 1.5x which is still decent money .
One news everyone seemed to have missed is USB-C connector news. In next 2 years all devices will switch to USB-C except Apple. Apple won't switch because whatever connector iPhones are using now is pretty much USB-C so they don't have to.
Today was not 'dump' .
Volume speaks - the day before earnings there were 6.6M shares traded , after earnings the jump was 23M and today was moderate down on 5.5M .
If anything , it's the beginning of "the flag" . In couple weeks it will be clear if it is a flag indeed or not.
if it is then it will go up (gradually ) another 8-10 .
Keep shorting - all smart shorts covered today, there may be another day similar next week but not much after that. Get with the flow .
I listen to your analysis and I like quite often what you say.
I've been doing enough reading on patterns and applying them in real life and one thing I know is that you cannot use patterns until they formed. So, saying that head and shoulders are still intact and still forming is contradiction in itself. Other thing is that patterns may not work out at all - head and shoulders has success rate of 60% according to Bulkowski .
Right now, you're looking for acceptance that you were right in June. Not sure why do you need it but , ok , you were right . Thank you, can you stop now telling how you were correct a month ago.
I'd rather prefer if you apply some of the magic 4/9/18 rules to swks and tell us where it may be next week. People want to see hope in numbers.
What's your take on LLY ?
I was thinking to get into it yesterday and even more thinking about it today.
Cindy is right about BIIB getting double whammy ( earnings + Alzheimer drug)
LLY is just opposite - good earnings and their Alzheimer drug still has some hope.
When I saw it dropped to 98 on Thursday , I got a few 99 Calls and cashed them out yesterday.
I was so delighted that decided to repeat today with 102 calls
I thought I learnt that lesson before but apparently not.
And then I look on the market and think, it's not that bad I could be invested in biotech like BIIB or XOMA
Wait, I am invested in XOMA
oh well, I have to tap onto my investment in alcoholic beverages tonight.
Hey, Hillary knows about trading - if I remember it correct she was doing future trading when Bubba was a governor . She had 100% success rate with her trades .
Seriously, it's not about "how to ruin middle class" , middle class is cooked by current administration already.
It's "whatever it takes to get votes" .
SWKS had a very good earnings and they updated guidance. In most cases it would justify stock price going up. Dropping 4% is not expected unless the stock was pumped up before earnings and SWKS wasn't . Most people would expect it to go up. And you stated that you would be more surprised if it stayed up. Right. We all have perfect 20/20 predictions looking back. One thing is to give explanation why the stock may be going down after good earnings, another is to say that you were expecting 4% drop.
And I am not bashing you, you are quite good with TA and you said yourself that your success rate is about 90% - I'd think today maybe that other 10% .
Stop pretending that you can predict all intradays movements.
SWKS dropped on APPL earnigns and then recovered in anticipation of its own earnings.
Sometimes earnings are good but market game the stock.
The day is not over yet and who knows how game would go. Right now it seems like 101 is a resistance level. and 100 is support but in an hour it could be over 101 or under 100 .
Why everybody uses AMZN's PE for comparison? Especially, in tech sector.
Use MU's one and start crying.
and is now recovering quite fast.
FSL and SWKS are reporting tomorrow. If both have good reports it will run up to its earning in a week time.
Well it didn't hold for long .
Weekly 100 Call is set for 3 on the bid and the bid size is almost double of OI.
I guess those are all hopeful that it will be 103 by Friday end.
Nice , it bounced back while I was looking on the numbers.