After large drop in the last 2 months of US30 there is now big opportunities for several long positions as the market aims to break the previous high it failed pass.
There is also a major double bottom on the weekly time frame confirming the formation of a W structure.
As the market raises to complete the W chart pattern it forms bullish flag pole patterns along...
Roku has been a market leader for all of 2018. after a bit multi day pullback here we are testing the 50sma for the first time in a couple months. This has been a key bounce spot on this name.
The $qqq and $iwm are oversold now we could very well bounce into the close. I am long a few of these for a daytrade. Will turn to swing trade if it can close green...
Setup. 2 levels of support.
-50sma support/remount. Also tested Lower Bollinger band
-Oversold stochastics at extreme levels with Hammer Candle today.
This setup has been working on momentum names all year.
Mule is a recent earnings winner. after its big gap up day it has been resting in a tight range. even with the recent market fluctuations this has not had any movement to the downside. Think this can be a swing trade with a stop under its recent range for a multi day hold
