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...
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...
OCR appeared on my bullish breakout list yesterday and overall it looks like a good buy opportunity.
Since July price had been experiencing a prolonged pullback. It was not too deep (pulling back to just below the 200dma and 2005 high of $62.50 - yet finding support at $60) but 5 months is quite a long time for a pullback. The stock broke through the resistance...
MDRX has been in a messy downtrend for a few weeks so Friday's gap down, on the earnings announcements, did not come as a surprise.
As volume was also up there is a good probability that the bear move will continue. However, because the trend is not very neat and because there is support at $8.84 this is a near-term shorting opportunity only. That still gives a...
NU has been in a good trend since 2010/11 but it is prone to deeper than preferred pullbacks.
The measured move from the head and shoulders (on the weekly chart) is currently under way and has already seen price break through the figure 50.
On the daily chart price has easily cleared the 47.60 resistance and more recently a bullish flag has been confirmed (which...
COST had been a great trending stock for quite some time - particularly through 2011-2013.
But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation.
The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars...
When looking at the weekly chart of MMC the uptrend looks very linear. Since trading above the 200ma price only once returned to retest it in October 2011. Since then it has only broken the 50ma twice - more recently with the low of the flag in October 2014.
The figure $50 acted as a reasonable support - there was a small fake-out below this and the 200ma on the...
There's not much data on ARCP so a full history cannot be determined. But so far $10 has provided the main support zone for price.
Price gapped down but closed just above $10 on 29th October, which was the first opportunity to short this stock. It gapped down again on 3rd November, again on higher volume to the previous day. Although the bar closed higher than...
On the weekly chart TRV looks to be in a fairly linear trend, but some of the pullbacks have been too deep and would have stopped most trend traders out of their long positions.
The more recent consolidation can be seen on the daily chart. Since earnings were announced price has risen quickly, breaking out of the consolidation zone and breaking through the figure...
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support.
I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at.
Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
I'm out. We pierced the only support that mattered.
Watch out for sharks... the whales have left the building.
And once again, they say, thank you for your buy support as they sold off their bags of holding.
Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating.
It's even dropping as I'm writing this...
A recent announcement from Elon Musk sparked the selling. Elon stated the stock price was getting ahead of itself a bit. Market volume and fib levels indicate it has a little farther to fall before picking up. I am over all long
Price was rejected at resistance. With a bearish engulfing candle as a confirmation.
CMC PE is 30.57 while the overall sectors PE is 23.90.
Waiting for another point of entry.
See notes on chart. Black lines are the bullish divergence.
I purchased 3 Jan 77.5 calls.
Price is beginning to pull back to the trendline for a better entry.
Buying picks up as price approaches the support line.
Volume is beginning to increase as price moves up.
