APA Seems broken down from an upward channel, retested the channel support line & now falling down sharp. With the falling Oil price we think it can decline as low as $34 area * Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Declining Oil price, Entry Target Criteria- Break of $48.87 Exit Target Criteria- 1st...
While the markets overall have remained mostly sideways it appears that WTI Oil prices are forming an upward channel. This , if broken, would indicate a potential decline in oil prices to the $40 area. World Geo-political situation, specially situation with Iran seems weighing on Oil price & pushing it down. So we think $40 is a very possible scenario for oil ....
SPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts $235 Put option * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Upward channel breakdown Entry...
CHS seems forming a H&S formation in weekly frame and in the daily frame it is breaking down all the MA lines & strong support labels. We think it will decile from here down to $9.50 area. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- break of $12.96 or bounce to $13.34 Exit Target Criteria- Target 1-...
BOFI is a possible head & shoulder formation. It seems it has broken the pattern & $22.50 will be its target. To play this we would consider $25 April-17 puts * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- $25 April Puts Exit Target Criteria- $22.53 Stop Loss Criteria- N/A Please check back for...
ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or...
CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Possible momentum trade Entry Target Criteria- Break of $13.16 Exit Target Criteria- $11.83 Stop Loss...
FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area. * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $13.93 or rally back up to $14.93 Exit Target...
PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Break below today's low. Stop signal 97.84. Target 88.17/83.67
Break below 19.13, stop signal 82.33. Target 65.31
DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline. Please check back for Trade updates. (Note: Trade update is little delayed here.)
SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of...
IMPV is breaking out of an upward channel, It has big insider selling & its Price/Free Cash Flow Ratio is really high(239.95). We think it will decline from here, however break of $39.19 would be the big fall confirmation that would validate the H&S formation its forming on longer term. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward...
PTC was in our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & heading sharply to the negative side. We think it can decline as low as $44 * Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry...
TLYS seems getting ready to breakdown its strong support label. It has broken below all the moving averages & if it breaks below $8.68 support label it will be on a free fall zone. * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $8.68 Exit Target Criteria- $7.23 & lower Stop Loss...
CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down. It also has a lot of insider selling recently. We think it has very good decline potential. On the option side we would consider June $85.00 Puts, last traded for $5.00 * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Adam & Eve...
FNGN seems forming a long term double top formation. It has previous history of sharp drop & we think it is getting ready for another decline this time. For perfect entry we would look for a pullback or confirmation break. * Trade Criteria * Date first found- Pattern/Why- Entry Target Criteria- Break of $39.43 or rally back to $40.80 Exit Target Criteria-...