Looking to enter a long position on SNA with a fairly wide stop. Price decreased after earnings but the long spinning top/long legged doji candle indicates weakness in selling and a possible reversal. Relatively low volume compared to previous earnings as shown on chart. You could set your stop a little tighter around the $149 resistance level to protect against...
1. Golden crosses on multiple time frames 2. Bouncing off the 200 MA on multiple time frames 3. If we don't get rejected at the 0.382 Fib, I may finally get to use my rocket ship built using SNAPON tools
Price caught in consolidation. Target resistance $170
-Trade idea is discussed on the chart, including buy conditions. -Stick to the rules of the trade. Do not deviate from the plan without adequate experience at TA. If rejected this likely will retest previous lows, Forming a double bottom or moving lower. -Orange lines are points of interest with the scalping crowd. -WATCH FOR VOLUME Weekly chart would also be a...
Bullish divergence seen on the chart. They trade at a great forward PEG and PE ratio ER tomorrow.
Look at the pink and orange boxes. Seems to be repeating history here.
Watch the indicators and the rejection at $175. Look for RSI to break above 69.1. Confirmed buy with close above ~$180
Bearish up-thrust appears on high volume on 30th Jan 2017, marking the impending end to the current bullish trend
SNA Monthly basis is in overall resistance. Potential diamond in construction. Similar to GWW linear supply line forming otherwise known as a BARR blended with a descending contracting wedge. SNA is at a steep premium verse the 50sma. stockboardasset.com
OBV has thinned a little from selling at this level; that's natural. MACD is marginally bullish. Unfortunately not enough confirmation to take a position. On WL
1 hour trend + pulled back+ good price action at pull back