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One of the quicker, catch-you-on-the-wrong-side type of trades out there.
Technicals look ripe for this scenario to play out.
Red Line is "Unsustainable" Trend support. (Nothing like in January though)
Blue Line is "Return to Mean" Trend support.
Horizontal Black Line is "Middle-of-Range" support.
Thick falling and horizontal black lines are prior descending ...
Shares of RAD have been brutal to own, but that may be turning around.
After breaking a year-plus downtrend, shares have now moved above their 200 day moving average.
With potential takeover catalysts, high short interest (15%), and improving technicals, there may be some room to run.
I'm long shares and calls, both of which may be added to if this move is ...
Shares of FB have broken out. Last week, they took out the previous high of $195.32 and then successfully retested the level the following day. Today, bulls continue to validate the breakout, with shares flirting with the $200 level.
I expect continued strength in the name, as valuations are reasonable and fundamentals remain strong. Given the lagging performance ...
Brand new IPO stock EURONEXT:ADYEN is forming a pennant. It can go either way from this point so do only trade it after a breakout. I'm not planning to trade Adyen in the near term because there are big risks involved:
Newly listed stocks can do wild things, so use a tight stop loss.
The free float of this stock is very low. All shares are allocated to ...
QQQ failed to hold previous 20 day highs (170.82) after making new 20 day highs. This sets up a Turtle Soup Sell (Linda Rashke), a short term reversal. The weaker the trend, the stronger reversal (time a/o price). QQQ ADX on the daily ≅ 10.4, essentially trendless. This setup is invalid > 170.82 - 20 day highs/low are key levels and price often trades through ...
I posted about this a while back, so wanted to reiterate given the developments abroad.
The HSI appears to have formed a double top (with a potential bull trap, too) and I suspect selling pressure may escalate.
A decisive break in price above the top would need a few weeks of closing above to invalidate the pattern. Given the negative catalysts surrounding China ...
NASDAQ:FEYE is forming a beautiful cup and handle pattern. Go long after breakout.
Cybersecurity will be one of the biggest trends in the coming years so this could also be a nice long term opportunity.
In the short term this is certainly a nice pattern that offers opportunities.
BABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on ...
2 reasons on 2 timeframes.
The 2 drops could have been a warning for a bigger down move to come.
Happy to be proven wrong but I can't find any reason to be bullish at this stage.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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The market action this week favored bulls, with SPX taking out resistance at 2743, a level that had rebuffed rally attempts in previous weeks. Strong economic data kept bidders involved throughout the week and the index closed near the top of the week's range, which in turn bodes well for next week.
The next resistance to watch is at 2800-2802, a zone derived ...
Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone.
Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support. ...
