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Tackle Today: Post-Earnings Plays

September 10, 2021

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Earnings gaps are compelling

Traders,

Coach Tyler here. Earnings season comes four times a year. The heart of these quarterly episodes falls in January, April, July, and October. Some traders despise the uncertainty and heightened volatility, but here’s a tip: figure out a way to use them to your advantage.

For myself and Team Phoenix, it’s all about the secondary setups that arise after a robust earnings gap. In a bull market, I focus on companies that just delivered the goods and gapped higher. If they jumped above resistance, triggering a breakout, then even better. The combination of robust fundamentals and a technical catalyst creates a compelling opportunity.

After the up gap, I’m watching the next retracement with interest. Sometimes, we see a high base develop, and I’ll buy on the breakout.  One such candidate worth watching over the coming days is Affirm (AFRM). It’s trading up 20% after-hours in response to earnings. If you think the jump sparks a sustainable uptrend, then there should be more opportunities to come.

#TeamTackle


Chart of the Day

Affirm Holdings (AFRM)

Affirm earnings last night after the company delivered robust revenue and strong guidance. The jump to $111 is made all the more impressive given that AFRM stock had already jumped 47% in a single bound last month.  


Video of the day

JEDI Options

Coach Tyler explains the importance of understanding reward, risk, and probability when buying and selling #options in this Jedi Options Segment


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