On yesterdays earnings announcement price gapped up on DLTR (with higher volume). This offers a good near-term opportunity to buy this stock for a quick profit. Ideally, it would've been nice to have seen a more bullish bar. For longer-term opportunities this stock has trended well in the past, but since June 2012 the trend has not been able to re-established...
PETM has undergone a deep and prolonged pullback lasting over a year. Yesterday price gapped up on higher volume and broke through previous resistance. The bar was very bullish, which gives a good indication that price could well continue it's upward momentum over the next few days. However, with price only just breaking such a strong pivot point the potential...
LOW has been trending up since late 2012 but the ride has not always been smooth. From November 2013 to August 2014 price was stuck in a prolonged pullback/consolidation around $50. Then in late August price broke above the November 2013 pivot high, retested it (see the weekly chart) with a spike below the resistance-turned-support and continued it's upward...
MMM has periods where it trends really well. But this year there have been two deep pullbacks which would've stopped most trend traders out of their buy positions. Since price broke above the September pivot high the candles have not been overly convincing. There was a gap up on 31st October but it was a doji, followed by a gravestone doji, which did not inspire...
AGN often crops up on my watchlist. It has been in a bull trend for several years but frequently experiences prolonged consolidationary periods. The stock has been in an uptrend since earlier this year but got into a $145-$175 range from May to October. But, despite the market-wide October pullback, AGN manage to break out of this range, retest the previous...
This is a great opportunity to buy on a pullback to bounce or breakout. Use tight stop or good risk management as a new company but fundamentals looking good and IPOS can lead to big gains...
WMT has been in a trading range for almost a year. Then yesterday, on earnings, price gapped up - breaking previous resistance. How good a buy opportunity is this? On the weekly chart the 50ma is flat - this gives an indication that the trend is flat. After a year of no trend it would be far too early to get into a long-term long position. While price is bullish,...
LEG has been trying to breakout of a multiyear consolidation since May 2014. On the weekly chart I have drawn on the 1998 and 2004 highs (to highlight this point) and the more recent consolidation zone which lasted just over 5 months. Finally in October 2014 price made a big bullish move (on earnings and higher volume) but this was far too early to consider a buy...
MNST was in consolidation for over a year before a large gap up in August 2014. Prior to this it had been in a good, linear bull trend for some time. So now the consolidation period is over we would like to see a continuation of previous behaviour. While the uptrend began again on the August gap up price took a little while to get going. Then, on 31st October,...
WFM has been in consolidation for several months, beginning with the large gap down on earnings back in May. On earnings this time price gapped up out of the consolidation zone, on higher volume. On the daily chart there is no resistance until 47.70, the bar was very bullish and closed above the 200ma. Initially this may look like a good near term...
THG is not a great trending stock but yesterday's gap up on the daily chart offers a possible short term opportunity. This stock may continue its general move to the upside but it is too erratic (at present) to trade with confidence for the long term. Price has dropped below the daily 200ma on several occasions recently, which prevents it being a good...
UAL has not been in the best of trends although it has been heading up since the 2009 low. The monthly ranges can be large, which makes it difficult to trade. September 2014 saw price fakeout above the 2007 high so another deep pullback was not unexpected. More recently, however, price again broke above the resistance and this time has stayed above. There was a...
Following 2 green days and the overall market strength; I still see room for continuation. I will be watching for a gap up or strong open to break the $ 1.16 - $ 1.20 area. If it holds above $ 1.20 after a test for support on strong volume; I think we see a push for a gap fill to the $ 2.00 area.
Following the breakout on news today I will be watching for a gap up or strong open that breaks the previous resistance level of 7.91 and through 8.00. This is provided that it holds above 8.00( I would like to see a break and retest of 8.00 ideally due to shorts targeting the stock for an over and under 8.00 or any strong opening move) If we squeeze shorts and...
Intel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s. The PC market has been so mature that most analysts assumed that Intel’s future would be relatively...
Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since...
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164