danbeaulieu

danbeaulieu

A chart worth checking out, we're sitting at trend-line support. If we see some higher lows here, might have a nice risk reward setup.

danbeaulieu Updated 

APRN is putting in a higher low and is currently consolidating in a symmetrical triangle. Watching for a break out of the triangle. A close below the magenta line invalidates the idea.

danbeaulieu Updated 

Symmetrical triangles form while the market decides where to take price next. Watch for a breakout to the upside to get in long, or downside to get in short (if you can locate shares).

danbeaulieu Updated 

Just a chart I found interesting. High confluence bounce. - previous pivot high resistance level of $372.36. - the 38.2% retracement of the swing from the bottom of the trend-channel. - 20 period daily EMA - center of the channel

danbeaulieu

Recap: In yesterdays post I had mentioned that today I was leaning sideways to bearish and I was more or less correct. I did mention in an update that I was expecting a decent push at open and a rejection at $305.30, we pushed but only made it to my $303.31 level, but that level was in my watchlist yesterday. After the opening turbulence the $301.21 level...

danbeaulieu Updated 

With FOMC coming up on 8/21 I think we're likely to see a lot of sideways action throughout the day. Regardless, I'll be watching for some trade setups before the meeting if they arise. Tentatively, my sentiment is bearish going into tomorrow (8/21) so I'll be watching for short setups off of resistance at the following levels $301.12, $303.21 and $305.30, this...

danbeaulieu

NASDAQ:AMD I took put options on Friday before close. I don't see enough volume to qualify as "stopping volume" and the chart put in a lower low. Historic support/resistance along with 78.6% retrace suggests a price target of $14.41. On the bullish side, we did close above the 200 sma.

danbeaulieu

NASDAQ:NFLX NETFLIX had a great bounce here at well-respected support and the important 61.8% retrace. Having closed above the 200 simple moving average this chart offers a decent risk reward setup. Having said that, one should be aware of the somewhat debatable head & shoulders pattern on the daily weekly.