Accurately suppose, uptrend will continue! That's all... ;)
Our preference: position bought above 2424,00 with targets at 2440,50 & 2450,00 in extension. Alternative scenario: in break of 2424,00, a continuation of the drop will be envisageable with 2417,00 & 2404,00 in line of sight. Comment: The RSI is mixed with a bullish bias.
With uncertainty in USD despite the possible next Fed rate hike soon, I'm betting on the idea that S&P500 (though it's most likely to consolidate and drop in the short-run), in the long run, it's highly likely that it can reach 2500 (psychological) level before reversing (or continue going up, depending on future sentiment and economic...
SONS seems forming a flag formation. It had a nice pull back and in the hourly frame it seems getting in a point of breakout. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $7.84 Exit Target Criteria- $8.77 Stop Loss Criteria- $7.33 Please check back for Trade updates. (Note: Trade update is...
FOMX had huge decline & now it is forming up a nice fallen angel bottom. If it can break above its SMA20 it can fill the gap up to $5.33 easily. * Trade Criteria * Date First Found- May 1st, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $4.47 Exit Target Criteria- $5.33 Stop Loss Criteria- $4.07 Please check back for Trade updates. (Note:...
SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break...
HDSN also forming a flag formation. Looking very good. We are keeping it in watchlist for potential intraday Long entry opportunity. Please check back for Trade updates. (Note: Trade update is little delayed here.)
SONS seems forming a flag formation. It had a huge gain today breaking through the moving averages with huge volume. We are keeping this in our watchlist for those who want to look for intraday aggressive entry opportunity Please check back for Trade updates. (Note: Trade update is little delayed here.)
CDTI seems breaking out of a Flag formation. It is picking up some volume recently. It also had good Insider buying in December. We think it will be a good long if it can break above $3.63 * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $3.63 Exit Target Criteria- $4.23 Stop Loss Criteria- $3.27...
SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Fallen angel Entry Target Criteria-...
RECN looks a very good Long setup. After a huge decline, recently it is showing strong upward momentum. However for a good entry we would like it to pull back a bit. * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Upward Momentum Trade Entry Target Criteria- Break of $14.25 Exit Target Criteria- $15.75 Stop Loss Criteria- $13.67 Please check...
FPRX is forming a nice fallen angel pattern. It had a huge decline, and now getting some upward momentum. For entry we are looking for a break above its SMA50. * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $34.31 Exit Target Criteria- $39.23 Stop Loss Criteria- $31.73 Please check back for...
CAMP seems forming a possible flag formation. For breakout confirmation it need to break high of today ($18), and as flag continuation it can go around $19.80 * Trade Criteria * Date First Found- April 24, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $18.13 Exit Target Criteria- $19.77 Stop Loss Criteria- $17.43 Please check back for...
Just back from vacation & hope everyone had a great holiday! I will still long spx500. I could be a "W" bottom and eventually break thru the trend line. I will start building my long position. Stop loss when it falls blow the lowest price around 2322.
FRSH came in of our fallen angel scan on March 30th, at $4.50. It rallied all the way to $6, consolidated & now braking out new territory today. We also like it as long as it is not following the market (Low Beta) & it has strong bullish pattern. To play this we would also look at August $5.00 Calls (currently $1.54) * Trade Criteria * Date first found- April...