SUNW has moved across the SMA 20 although the volume is lower than average.
Tag Archives: Volume
LFC
LFC bounces back after touching the uptrend line. The bounce came with decent volume. It’s a buying opportunity right now. The Dec 30 covered calls expired worthless. I will sell some covered calls at 30 level again. This time, it may break 30 and move forward, but I’d rather buy it back later at higher price after it takes out 30.
MSTR to fill the gap?
It looks like this gap will be filled soon. On the back of my mind, I was thinking about when to short it, but never acted upon. There is more room to go downward. It’s not in over sold condition yet and the selling pressure is huge based on the volume spike. A lot of catching a falling knife things are going on as every sell had to be matched with a buy!
SUNW and LFC
SUNW is moving up quite bit in extremely high volume. It passed through the resistence at 5 and headed to the next one around 5.85, the year’s high.
LFC is trying to break out from 30. If it fails to do so, we will see some pullback near the base it built in the past two months. From the chart, getting back to the all time high of 35 is reacheable. It may go sideway before moving to 35 just like it did around the base at 25.
LFC and SUNW
LFC continues to move up since it broke out from base building between 24 and 27. The volume has picked up. It looks like we are heading towards 30 soon. I have sold Dec, Jan and Apr 30 Calls. They may get called away this time.
SUNW experienced a sudden drop today. It may pull back to 4.5 after steady run-up. I would add some more in my long term account between 4.25 and 4.5.