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TheProfitcy TheProfitcy DAL, D, Long ,
DAL: DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1
45 0 1
DAL, D Long
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1

The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 ...

TheProfitcy TheProfitcy MRK, D,
MRK: MRK Tight Consolidation Break - Long/Short (SAR)
59 0 1
MRK, D
MRK Tight Consolidation Break - Long/Short (SAR)

As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up ...

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