WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline. On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling. We think it will be an interesting short play at the break of $78
SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all...
KDMN is breaking of a falling wedge & seems like a perfect fallen angel pattern. Both suggesting a strong upward move. * Trade Criteria * Date first found- Pattern/Why- Entry Target Criteria- Break of 4.09 or pullback to 3.80 Exit Target Criteria- $5.43/6.22 Stop Loss Criteria- $3.67 Please check back for Trade updates. (Note: Trade update is little...
* Trade Criteria * Date first found-March 20, 2017 Pattern/Why- Strong upward trend with insider buying. Entry Target Criteria- pullback to $3.40-3.42 Exit Target Criteria- $4.17 Stop Loss Criteria- $3.17 Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward move in the overall energy Sector Entry Target Criteria- Break of $2.80 Exit Target Criteria- $3.27/3.73 Stop Loss Criteria- $2.63 Please check back for Trade updates. (Note: Trade update is little delayed here.)
HTZ does appear to be in a short term breakout mode. It seem breaking out a down trend line in increasing volume after a huge decline. It had good insider buying back in November at $27. We think it can go up to $28 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Trend Line breakout Long Entry Target Criteria- Pull back to $22.40 Exit Target...
GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry. * Trade Criteria * Date first found-March 16, 2017 Pattern/Why- Long term double tap Head & shoulder Entry Target Criteria- Break of $24 or...
HOLX seems a interesting Long setup. It is breaking out of a inverse head & shoulder formation, and has some momentum characteristics. We would look for half entry now & confirmation entry at the break of $43.04 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Inverse head & shoulder formation Entry Target Criteria- Break of $43.04; We would...