GM Breakout?
BY LICIA LESLIE December 13, 2023 Hi Shoppers, Take a look at the General Motors (Ticker: GM) chart: It is consolidating just under the 200 day moving average. Watch for the stock to bust through and close above there or it may roll over and trade lower. I do not see resistance until […]
OXY Calls
BY LICIA LESLIE December 10, 2023 Hi Shoppers, I know I last wrote about Occidental Petroleum (Ticker: OXY) rallying. I did say to wait for the bullish confirmation, which we really didn’t get on Friday. OXY was up around $.60 intraday but closed up $.07. After reviewing the crude futures chart, […]
An OXY Doji?
BY LICIA LESLIE December 8, 2023 Hi Shoppers, Occidental Petroleum (Ticker: OXY) has just gotten pounded. After making a double top, the stock has traded down from $66.95 to $55.84 yesterday: The last five dollars of the eleven dollar selloff took place over the last six trading sessions. There is support here […]
AAPL to $197
BY LICIA LESLIE December 6, 2023 Hi Shoppers, After a twelve session (days) consolidation period or box range, Apple (Ticker: AAPL) has finally busted out to the upside: Looks like it is heading back to the previous high at $197 and from there $205. Next week’s calls: I think money can be made […]
IWM to $190
BY LICIA LESLIE December 3, 2023 Hi Shoppers, The formula for the head and shoulders target is the head less the neckline added to the neckline. In the case of the head and shoulders bottom formed in the Ishares Russell 2000 Index (Ticker: IWM) that would be: 176 -162 = 14 176 + […]
Next Stop $4600
BY LICIA LESLIE December 1, 2023 Hi Shoppers, Yesterday’s close kept the chart intact. Just when we thought we were in for a pull back, we rally hard into the close, right back into the consolidation or as the Japanese call it the box range. Check it out: The SPX is taking […]
ADBE Chart Analysis
BY LICIA LESLIE November 29, 2023 Hi Shoppers, Adobe (Ticker: ADBE) has broken out of a trading range it had been in since July. It is actually 50 bucks higher than the top of that range which is almost 9%: I am seeing the next resistance level in ADBE in another 50 bucks at $674. […]
Is SHOP Topped Out?
BY LICIA LESLIE November 26, 2023 Hi Shoppers, Shopify (Ticker: SHOP) has had a huge rally and is trading up to its previous high back in July. Wednesday’s action has created a nice looking doji: Looks like the stock has possibly topped out here. As always, wait for a down day to confirm […]
FTNT Closing the Gap
BY LICIA LESLIE November 24, 2023 Hi Shoppers, Fortinet (Ticker: FTNT) looks like it is on its way to closing that wide gap created at the earnings announcement: That would take the stock up to $57. I like the calls expiring Dec08: The 53 calls with an implied volatility of 25 aren’t a […]
AAPL at a Crossroads
BY LICIA LESLIE November 19, 2023 Hi Shoppers, Apple (Ticker: AAPL) has made it up to my target price of $190.85: On Monday it looked like it was ready to breakout on to its next leg higher to $197. Then yesterday, it decided to come back and test this support/resistance level, which stocks […]