INDU is forming an ascending triangle, a bullish sign. It’s looking to test 11,000 soon or go lower.
QQQQ is consolidating in a range bound mode.
INDU and QQQQ
INDU is forming an ascending triangle, a bullish sign. It’s looking to test 11,000 soon or go lower.
QQQQ is consolidating in a range bound mode.
HNP
HNP is now in overbought condition. However, the volume has picked up a little. The next resistence is around 32. I’m ready to sell my May 30 calls.
HNP
HNP is now in overbought condition. However, the volume has picked up a little. The next resistence is around 32. I’m ready to sell my May 30 calls.
GOOG downgraded
GOOG was downgraded. It dropped 10 point intraday. It’s again sitting right at the upend trend line. I have opened a position on GOOG Apr 200 Call at 5.6. Apr 200 Call closed at 6.1. The white candle looks good after the hugh gap down this morning. What I read from it is that there’re a lot of buying at this level despite the big drop.