Price has eventually broken out and closed above the resistance level of 18400. A long position can be initiated with a ST limit of 20000. It would be prudent to observe price behavior at the 18900 level as this level has been tested previously with selloffs ensuing thereafter. ST and LT primary trends are up in this stock but as always apply your risk management...
There is another flag/pennant setup occurring for a chance to add to an open position or buy the stock. The trend is up the but volumes have dropped of slightly in days past so err on the side of caution and apply your risk management. Next limit 6700
A nice reversal C&H setup has formed here. There is a decent RR if you patient enough to sit tight. However this is a pretty illiquid stock however and the LT price trend is still down so this would be trading against the trend so always remember to apply your risk management principles. Good luck out there.
There is a nice ascending triangle setup forming here. Price is currently testing the 200WEMA which is acting as resistance with the trend line, A close above 6500 and a long position can be initiated with a ST limit at the Jan2020 highs at 7880. This trade has good RR, and the LT trend is still up. As always manage your risk. Good luck out there
Price may have found a base of support at 12650 but there is bearish engulfing candle from the LTD, which indicates selling pressure around the 13000 level as price moved down sharply after testing this level. Patience here looking for a bounce and close above the DEMA for a long. The long term trend is currently up.
There is triangle setup that has formed here. Price needs to close above 6700 and a breakout above this level can be bought be bought with ST limit at 7325. As always manage your risk
Price has been range bound for a long period of time and has found support at 4600 and resistance at 5000. Price needs to close above 5100 and a breakout above this level can be bought with a limit of 5751. Price can always move way higher than the limit so manage your trade using your own risk management strategy.
DGH seems to have found support at 16500 and resistance at 17400. A nice rectangle setup has formed and a breakout can be bought at 17500 with a LT target of 23100. I had missed the prior move up so I will be going long if the opp presents itself. This stock is in a strong uptrend but as always remember to manage your risk.
Price action of keeps breaking to new highs. There have been quite a few opportunities to buy in previous weeks but fortunately for buyers there is triangle setup forming for yet another long opportunity. Remember bull-markets don't last forever. LT Limit @26500 will be adding to this trade at 20400. Always remember to manage your risk.
There is an IHS setup here. Bear in mind that this stock is pretty beat down and this a prime example of trading against the trend and it is indeed a very strong downtrend. I see a setup and, I'm taking the trade with more stringent risk management.
Another opportunity may present itself here with a possible C&H forming. This setup played out well previously in this stock so this is one to watch if history is to repeat itself its best you are positioned to take advantage. If you not already long a chance to do at 904 should present itself with a S/L@865. Remember to manage your risk when trading more so when...
Another opportunity may present itself here with a possible C&H forming. This setup played out well previously in this stock so this is one to watch if history is to repeat itself its best you are positioned to take advantage. If you not already long a chance to do at 904 should present itself with a S/L@865. Remember to manage your risk when trading more so when...
Price has broken out on the weekly chart and is targeting 14500 on the weekly and 14000 on the daily if you use short term targets. Possible support is at 13400 for hard pullbacks and softer pullback to 13707. As always manage your risk.
A nice bull pennant forming in woolies as price pulls back in this uptrend. Short term target R61 with longer term R65. Risk mamangement is key as always but there is good R/R in this setup.
There is as an ascending triangle setup on the weekly chart and an IHS setup in MTH on the daily chart which has a decent R/R. Price is hovering near ATH's in the stock and is ready to break out. A long position can be initiated using the guidance provided on the chart.
There is as an ascending triangle setup on the weekly chart and an IHS setup in MTH on the daily chart which has a decent R/R. Price is hovering near ATH's in the stock and is ready to break out. A long position can be initiated if/when price closes above 9780 level.
Volumes have drifted lower on $MPT but there has been a C&H setup and price has formed support above the weekly EMA200. Decent uptrend in the stock. Manage your rick accordingly
Price has broken the trendline and moved up to close above the Weekly EMA200. The move higher in price is being supported by volume. Interesting to note is that historically price has traded in this range previously. Price could reach the 5845 level and pullback before moving higher.