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Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-23.pptx

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MaartenvanBemmel3

Biggest mover of Friday 20-1-23. I noticed the high elevated volume and earnings beat but I chose to prepare and watch only two, more familiar names; NFLX and SLB.

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Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-23.pptx
Positive Earnings reaction Catalyst: Earnings beat Setup: Positive earnings reaction Trades: OR B, & Trend PB Ticker: ALLY Date: 23-1-23
Bigger picture: QQQ/SPY and VIX SPY & QQQ SPY and qs both had small range days and held below the 50SMA. First sign of weakness. Currently they are gapping up 0.3%, 2 points from yesterdays low. Both stocks reclaimed the 50SMA and trended all day. VIX level : 20. VIX opened around 20 which means were in a high volatility environment.
Catalyst & Fundamentals Catalyst: Earnings beat. Setup: Positive earnings reaction. Premarket pre buzz: 12%. Float: 296 million. Institutional Ownership: 94,6 million. Short %: 5,48% ATR: ,94. Average Daily volume (50 day): 5,2 million. Daily volume: 33.5 million. Gap%/Gap ATR: 11% / 3ATR RVOL: >3
Positive earnings reaction Trade Strategy Catalyst, setup, technicals & volume. Catalyst and setup match very well. The gap (positive reaction) is large (10%) but it's not too extreme for a lower priced stock. Not overextended. Technicals are strong as well: -Broke out of large down channel. -Pulled back into 50SMA. -Gapped up and broke high of pull in. This setup also has high premarket volume, so we have. 1) Strong setup and catalyst that aligned; 2) Strong technicals; 3) High & elevated volume. Everything is set up to make a big move to the upside. Trade On a strong stock like this I would be looking for trend trades but also OR BOs and VWAP Pull ins.
Daily chart -Clear downtrend channel where ALLY retraces -40%. -Stock breaks out of channel on volume and reclaims 50SMA. -Pull in to 50 SMA on shallow volume. Strong technical setup.
Technical Analysis: Opening Range breakout Break down VWAP but holds OR. Low volume into consolidation Trend/BO starts w/ low volume reclaiming the 9EMA. Elevated volume when opening range breaks Strong buying vol when reclaiming VWAP
Technical Analysis: (HTF) Trend PB 10m holds above 9EMA, 5m holds above 20 EMA. Shallow volume during PB Pullback visible on multiple time frames: 1m, 5m, 10m. Bounce of key level: 108 Elevated volume when PB starts to work.
What could I have done better? I will now put more detail into the preparation and especially whether the catalysts fits the setup. Given that technicals were strong and ALLY had the highest premarket volume of my watchlist this stock should have had the priority for my gameplan. I would have prepared an OR BO or a potential opening drive. I am going to do a catalyst + setup + technicals + volume analysis for ever stock on my watchlist and then make a list for a deep dive. This will help me to catch the biggest movers; I was too narrow minded by focusing on more familiar names NFLX and SLB.

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Positive earnings reaction - earnings beat - OR BO - Trend PB - ALLY - 20-1-23.pptx

  • 2. Positive Earnings reaction Catalyst: Earnings beat Setup: Positive earnings reaction Trades: OR B, & Trend PB Ticker: ALLY Date: 23-1-23
  • 3. Bigger picture: QQQ/SPY and VIX SPY & QQQ SPY and qs both had small range days and held below the 50SMA. First sign of weakness. Currently they are gapping up 0.3%, 2 points from yesterdays low. Both stocks reclaimed the 50SMA and trended all day. VIX level : 20. VIX opened around 20 which means were in a high volatility environment.
  • 4. Catalyst & Fundamentals Catalyst: Earnings beat. Setup: Positive earnings reaction. Premarket pre buzz: 12%. Float: 296 million. Institutional Ownership: 94,6 million. Short %: 5,48% ATR: ,94. Average Daily volume (50 day): 5,2 million. Daily volume: 33.5 million. Gap%/Gap ATR: 11% / 3ATR RVOL: >3
  • 5. Positive earnings reaction Trade Strategy Catalyst, setup, technicals & volume. Catalyst and setup match very well. The gap (positive reaction) is large (10%) but it's not too extreme for a lower priced stock. Not overextended. Technicals are strong as well: -Broke out of large down channel. -Pulled back into 50SMA. -Gapped up and broke high of pull in. This setup also has high premarket volume, so we have. 1) Strong setup and catalyst that aligned; 2) Strong technicals; 3) High & elevated volume. Everything is set up to make a big move to the upside. Trade On a strong stock like this I would be looking for trend trades but also OR BOs and VWAP Pull ins.
  • 6. Daily chart -Clear downtrend channel where ALLY retraces -40%. -Stock breaks out of channel on volume and reclaims 50SMA. -Pull in to 50 SMA on shallow volume. Strong technical setup.
  • 7. Technical Analysis: Opening Range breakout Break down VWAP but holds OR. Low volume into consolidation Trend/BO starts w/ low volume reclaiming the 9EMA. Elevated volume when opening range breaks Strong buying vol when reclaiming VWAP
  • 8. Technical Analysis: (HTF) Trend PB 10m holds above 9EMA, 5m holds above 20 EMA. Shallow volume during PB Pullback visible on multiple time frames: 1m, 5m, 10m. Bounce of key level: 108 Elevated volume when PB starts to work.
  • 9. What could I have done better? I will now put more detail into the preparation and especially whether the catalysts fits the setup. Given that technicals were strong and ALLY had the highest premarket volume of my watchlist this stock should have had the priority for my gameplan. I would have prepared an OR BO or a potential opening drive. I am going to do a catalyst + setup + technicals + volume analysis for ever stock on my watchlist and then make a list for a deep dive. This will help me to catch the biggest movers; I was too narrow minded by focusing on more familiar names NFLX and SLB.