This has plenty of bullish indicators as this is riding a strong uptrend; such as the hammer candlestick following the doji, the golden cross, and the 1,2,3 pullback. The strong up trend support is at 27.40, but thanks to a great Friday this looks to be continuing on a steeper uptrend. This may deal with some resistance testing the 52 week high at 29.50-30.00, but...
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my...
Weekly breaking out of downtrend line and holding
Daily timeframe showing positive price action with increasing buying pressure
new 50 day highs with above average volume!
Sprouts Farmer’s Market ($SFM) Weekly: Sprouts Farmer’s Market has been in a downtrend ever since it came on the market – making lower highs and lower lows, it finally seems to have found some support and bottom at the $18 price level. After retesting this level in March, the stock proceeded to make a strong move up and above the trendline resistance that it has...
A trader bought 1,149 SFM Mar14 35.0 Calls $2.55. This is a very bullish trade at volume nearly 4.5 times the average daily option volume in SFM. Even though the stock is below the Ichimoku Cloud we believe this is a great signal for a long setup.
