My #TheStrat watchlist 11/18
Lets see what 11/18 will trigger.
- $NKE 2u-1-2u > 172.74 PT: 174.00, 176.53
- $NET 3-2-2d < 208.11 PT: 204.64
- $ORCL 2-1-2d < 94.85 PT: 94.02
- $FSLR 3-1-2d < 103.29 PT: 101.27 swing (see below)
See below for charts…
$NKE 2u-1-2u > 172.74 PT: 174.00, 176.53
Possible 2-1-2u Bullish Continuation measured move. Closed as an inside day and FTFC up, inside week currently, so currently double inside week waiting for a break of 176.53 to the upside, 166.63 to the downside. However it’s a daytrade.
My Idea: 11/19 175c (don’t expect to go ITM, but is more liquid and not as spready as the 172.5c)
$NET 3-2-2d < 208.11 PT: 204.64
Possible 3-2-2d Bearish Reversal at the ATH so possible exhaustion risk. Keep in mind that $NET is green on the month and week and as both 2u in force! If it breaks 20811 to the downside my target is 204.64. A possible enter on the 4hour chart at break of 209.63 with a 3-1-2 Reversal would also possible but more risky.
My idea: 11/19 205p
$ORCL 2-1-2d < 94.85 PT: 94.02
Possible 2-1-2d Bearish Reversal. Has an outside week and up but got rejected today. Month also inside and red, so mixed FTFC.
My idea: 11/19 95p ITM and quick profit possible on a dip down
$FSLR 3-1-2d < 103.29 PT: 101.27, possible outside month swing!
A bit unusual on my daily list, because longer term and swing. Possible 3-1-2d Bearish Reversal on the daily. FTFC down and ouside week in force. Also the month 2u failed and is red with a possible magnitude on last months low at 92.76 (using 50% Rule from Sarah here). 100.00 is psychological level that needs to break for the monthly target.
My idea: 12/17 95p long term swing, or day trade 11/19 103p