$GSIT is a potential breakout candidate that has come across our screens. The stock's 52-week high is $9. Above there and the stock is off and running.
The good part about this type of trade is that it should work out right away. You only have to enter a 10 cent stop. We view this as a nice trade opportunity with a good risk/reward setup.
Risk 10 cents to make...
GBPNZD has pushed it's way back up to a Daily Resistance Zone. It has formed a Rising Channel as it has pressed into Resistance and typically you will see a break to the downside. This is NOT necessarily a trend reversal but at least some relief for the short term.
I got short earlier this morning on this Descending Triangle Breakdown.
I've been watching this pattern develop all week and it finally broke down early this morning.
Watch out for that 113.00 even handle on Target #1
Best of Luck
GBPUSD on the 1hr has broken out of its Rising Wedge Pattern.. Look for a downside move back to structure and possibly further.
I'm short @ the Break and Close out of the wedge.
Stops are 1 ATR above the Breakdown bar
Targets are shown on the chart.. I only trade 2 targets.. But i wanted to give you guys options are where good targets can be.
USDJPY has been putting in this Rising Wedge Pattern. These tend to break to the downside. The Rising Wedge is also occurring at Resistance.
I'm waiting for the Break & Close out of the Wedge on the 60min before I enter.
Stops - 1 ATR Above the Breakdown Bar
Target #1 - Measured move of the Wedge
Target #2 - 78.6% Fib Retracement
You can you also use just...
This is the third time I have analysed CNC in the last few months. First in December 2014 - then again about a month ago. I have been waiting to see how CNC reacted to the February 2015 stock split which, so far, has been positive.
Yesterday saw price break out of a small consolidation. Price in the last month has been in a short range - but did spike down to...
ENDP popped up on my breakout list today and I felt it was the best trending of the charts on offer. Unfortunately it is approaching the $100 figure mark and the trend doesn't look well enough established, just yet, to take a position before this possible resistance.
The 2014 consolidation was very deep - price retraced almost back to the $50 mark after reaching...
DST has a couple of good continuation chart patterns going on.
A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher.
More recently price formed a double bottom - another continuation pattern suggesting...
BR is a low volume stock I would not trade. But it is trending well so may be of interest to those of you who are happy/able to consider a position here.
This stock has been trending fairly well since breaking out of the 2007-2013 consolidation at just above $25. Price action can be a little unpredictable but this is to be expected with a low volume and fairly...
WWAV doesn't have much data but it has been trending up since 2013.
There was a long period of consolidation from September 2014 to February 2015. Although technically the consolidation didn't start until November the November high was only marginally higher - and price pretty much traded within the September pivot high and October pivot low range until the...