RMI is one too watch here as it moves above the Weekly 200EMA, perhaps breaking out of the range its been trading in. A close above 3355 on the weekly chart will be continued bullish momentum for price.
An IHS setup occurred in KIO and price broke higher then pulled back to test the neckline. This looks like a scenario of second chances if you failed to initiate a position in the setup in the prior move. R/R should now be nominal given the second opportunity. Keen eyes will note the bullish engulfing candle and price is sat at ATH. I will further add that there...
Nice triangle setup with decent R/R for short term trade. Be mindful when trading against the trend.
There is a nice bull flag forming here with a good R/R. Long term trend is still down,be careful when trading against the trend.
The weekly chart shows the 3680 level as support for previous price action. Price needs a close above 5000 for sustained move higher in coming months or price hits the 4600 level and moves back down towards the 3680 or even lower to 3200. On the daily chart price has had a pullback and may be forming a bull flag / pennant for latecomers who missed entry in the...
The weekly chart shows the 3680 level as support for previous price action. Price needs a close above 5000 for sustained move higher in coming months or price hits the 4600 level and moves back down towards the 3680 or even lower to 3200. On the daily chart price has had a pullback and may be forming a bull flag/pennant for latecomers who missed entry in the...
There is a IHS pattern which has formed in the chart. Price has moved higher from the neckline and come back to retest it. This is a good spot to enter a long trade with fair R/R. Caution: keep a watchful eye on the $DXY as it is currently oversold on the weekly chart and price has bounced sharply from oversold conditions previously. Risk management is key as always
There is a IHS pattern which has formed in the chart. Price has moved higher from the neckline and come back to retest it. This is a good spot to enter a long trade with fair R/R. Caution: keep a watchful eye on the $DXY as it is currently oversold on the weekly chart and price has bounced sharply from oversold conditions previously. The long term treRisk...
Parabolic moves in stocks sometimes retrace 50% of their move. Everything about this short idea technically is screaming don't do it but its worth looking at the other side of the trade. Stop @2808 Entry @2752 Limit @2585 . P.S This is a risky trade.
A nice C&H setup MSM on the weekly chart with price having moving higher off support at 5318 level. A close above 6100 for along position. Some may argue that this cup is a tad deep. Long term trend is down. Do not forget you are trading against the trend if you initiate a long position here.
So if you missed the initial entry using the IHS pattern earlier in this trade, here is an opportunity to initiate a position from the breakout of this ascending triangle . The weekly EMA200 is directly overhead so one could wait for price to close firmly above the WEMA200 before taking a long. The 16600 level seems to be prior resistance looming overhead. Always...
So if you missed the initial entry using the IHS pattern earlier in this trade, here is an opportunity to initiate a position from the breakout of this ascending triangle. The weekly EMA200 is directly overhead so one could wait for price to close firmly above the WEMA200 before taking a long. The 16600 level seems to be prior resistance looming overhead. Always...
ACL is strong here, price breaking higher from this ascending triangle with a close above the Weekly EMA200 and volumes in support of the move. I initiated a small long position a while ago at my own risk, but I will be adding to this trade using this setup. Next near term strong potential resistance if the trade plays out is around 600c. As always manage your risk.
Price has moved nicely in PPC breaking though resistance, turning resistance into support, moving higher and repeating the price move, creating some nice opportunities to buy in pullbacks. I will add price appreciation is being supported with volume. There is potential near term resistance around @398 level. Look for the next pullback to initiate a long position.
$INP is appreciating in price with volumes traded and a recent MACD cross on the monthly chart in support of the move higher. There is some resistance around the 5900c-6000c level. Looking for a pullback to possible support at 5600c level for an entry or some other setup. Price may end up range bound in the 5600c-6400 zone.
So this trade was not on my radar. $BIK has some volume behind the recent rally however what goes parabolic does sometimes retrace about 50% of its price move. The stock is trading above its EMA200 on the weekly chart. There may be an opportunity to go long with this pullback,currently looking for a setup.
The is bullish sentiment on SA inc. A nice IHS forming here in APN. Best be patient and wait for the setup to complete the right shoulder before taking a long pos.
$FSR broke above weekly EMA200, closed above it only to come back down and close below the EMA200, which has now turned to resistance for this stock. Price has previously retested the trend line and moved higher. A recent MACD cross signals a move higher in price. Looking for a setup a long pos or a possible short back down to 5000C at support