Not the best risk/reward, but the stock has a history of quick rips. Around 5.80 is where I take some risk off the table. Stop is under the 12/14 low.
Not the best risk/reward, but the stock has a history of quick rips. Around 5.80 is where I take some risk off the table. Stop is under the 12/14 low.
A significant push below 8.35 tells you the trade is wrong. Otherwise it looks like 9.50
Now that we broke the prior base lows, is this correction almost over??
Now that we broke the prior base lows, is this correction almost over??
Interesting option activity in the space today. This thing still needs to prove itself, but there could be a powerful short term move here.
Watching the pullback towards a support cluster with the 10/20D close by.
Flagging after a huge push higher. More notes on the chart
You can use the moving average cluster as a point of reference. 3:1 R/R
Multiple pieces of evidence suggest a short term top in yahoo
I like this idea especially if the markets don't give us a pop to short early. Of course the risk is everybody seeing it this way...
Significant bearish action this week in the Dollar index. **It looks like we are starting to price in the fiscal cliff's resolution. **
This small stock is in the middle of a massive uptrend. A close over 4.60 kicks off the next leg higher.
Selling on this last leg down was nicely absorbed and as a RSI reversal has formed.
My eyes are on 11.75. If the market continues to deteriorate, this one will collapse. Ideal setup is a weak bounce.
Nice top line number out of this one in the 10/18 post. Major base is nearing completion. Housing play.