The uptrend on the daily is progressing nicely. Volatility is still relatively low, which is a great sign for a strong trend. This is shown by the ATR indicator which is the 10 period ATR versus the 200 period ATR. RSI is inching close to 70 which is likely to go above 70 for that final push we need to break above $305. The price has formed an ascending...
SWKS has been trending well for about a year. There was a deep pullback in October 2014, which would have stopped most longer-term trend traders out of the position, but the trend soon resumed its prior linearity. This stock could have first been traded when it broke the 2001 high, in April 2014 at around $40, as the uptrend was already well established. Then,...
It's Moon day :) We had several days of sideways accumulation after the final re-distribution. Today starts a new multi-day mark-up phase*, which enables targets of $315 and up to $350 until April 2015. I expect bears to get over-run by bulls in a short-squeeze in the coming days. I have annotated the chart (mouse-over to see the descriptions). Entry:...
This is a WEEKLY mystery chart of "XXXX" There are times when I am going through a list of charts and I am so focused on the candles that the company name doesn't even register until I consciously look for it.. Does this ever happen to you?? This is one of those charts. I have looked at this chart for several weeks now. Each time, if I have a very recent...
The bulls have had a good few weeks, but the long term downtrend appears to be stopping the price from moving any further, further validating my suspicions as indicated in my last idea (link provided). As the price continues to try to break out with several high-volume surges, it has continued to make lower highs and broken the immediate uptrend with lower lows...
I will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist. I want to thank the requester of this chart, a complete stranger, for using his manners :) Let's move on the the request for a chart of AAL. Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in...
Starting mid 2014, FB entered a price range. The bottom was about $72 and the top was about $80. Now that some time has gone by, it is easy to look back and see what was happening. The top of the range has been breached a few times - back in October, in December, and February. The December breach was the strongest as FB actually closed above $81.00. Today,...
This seems to be the question at hand for many investors & traders. I would like to remind you of the common "wedge" pattern. If price breaks above the wedge, you can expect the stock price to rise. If the price breaks below the wedge, you can expect the stock price to fall. If you want to invest in or trade TSLA your job is to follow the price out of the...
The daily chart shows that KOS shares have been trading in an uptrending channel since the end of last year. Even though Kosmos Energy has had a nice move off of the lows, the stock had still fallen more than 21% from last summer's high on the current bear market in oil. An initial stop loss on a long stock position can be placed under $8.40 (under Tuesday's low)....
I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
MD was trending really well until early 2014 when there was a prolonged correction/pullback. Since then it has outperformed the S&P by some distance. Price took it's time to comfortably clear the $64 zone, finally doing so on 29th January 2015 with an extremely large, bullish bar and higher volume. More recently, Friday's bar closed above the $70 round number...
The uptrend for SPR is still a little erratic. It has been using the daily 200ma as support rather than the 50ma - so the pullbacks have been deep and prolonged. This has not made it easy to trend trade. However, since breaking above the 2007 high ($41.72) we have seen a slight change in personality. Price did struggle at this level and retested the area three...
HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost...
There is a gap between 51.88 and 51.52. If price comes to fill this gap, look to go long. The next line of resistance is around 54.00. Customer Sentiment. Customers love Whole Foods. Every yelp store review you check, you'll see that the customers complain of the prices and of the crowdedness, but love the food. So if Whole Foods stores are generally crowded,...
It looks like we're breaking out again, having failed to make a lower low and now piercing through resistance. I believe this will take us to about $275 before the real pullback begins. Edit: Just realized I left out the circle I was going to put on the volume. Price is breaking resistance on breakout volume.
HCN reached a high in May 2013 (of $80.07) before a very large correction, later that year, followed by a bullish trend throughout 2014. A few days ago (12th January) price finally broke above $80. Since then volume has also been on the rise - and the bars neutral or bullish. But, as it has taken price 20 months to regain the previous high, I would want to see a...
Price is in an uptrend on the weekly TF, and is making HHs and HLs. We could possibly see a bounce off the bottom trend line which is confluent with the 61.8 fib retracement area and a continuation of the uptrend. This move is invalidated by a clean break of the bottom TL followed by a breach of previous HL. Long on a break of the retracement CTL.