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GENERAL ELECTRIC COMPANY, HELIOS AND MATHESON ANALYTICS INC, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, ISHARES MSCI EMERGING INDEX FUND
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Believe that anything can happen - so stay neutral.
Always define your stop loss. Trade with your own risk.
We trade only when price action shows a "reversal pattern" within our predefined zones = "Trend + Zone + Reversal".
This reversal pattern typically will be seen on a minute chart.
(Will "try" to update if in trade).
Diplomat Pharmacy is stabilizing after being heavily oversold and below MAs. A bounce from this area would allow for 10% targets around $22 per share based off price structure.
1) Cap & handle pattern
2) Healthcare sector index broke out from the 3-month base 2 days ago which is a bullish sign
Watch out volume levels & price action on the upcomming days in quest for a valid breakout.
Diplomat Pharmacy broke 20 day MA and downtrend line. Looking for rise to R3 at 25.23. Overhead comes in at 21.88.
Long if it breaks above $18.57
DPLO seems ready for a upward ride. Crossed above MA50 & tested Breakdown resistance. Money flow accumulated & crossed above positive line. Overall looks very good as long. Speculatively we can take a entry now or wait for a break of resistance at $16.13
* Trade Criteria *
Date first found- February 3, 2017
Pattern/Why- Breakout trade
Entry Target Criteria- ...
DPLO seems ready for a upward ride. Crossed above MA50 & tested Breakdown resistance. Money flow accumulated & crossed above positive line. Overall looks very good as long. Speculatively we can take a entry now or waif for a break of resistance around $16.20
(Note: Trade update is delayed here.)