SNDX seems forming a bullish flag formation. However it need to breakout recent resistance. It needs to break 15.74 as a more conservative entry or break of 14.73 for a more aggressive entry. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Bull Flag formation Entry Target Criteria- Aggressive entry $14.73, Conservative Entry $15.74 Exit...
SMP looking nice breakdown short setup. All the moving averages clustering beneath it. If it continues it break, it has long way to go. On the option side we would consider $50 September puts * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why-Downward momentum short Entry Target Criteria- Break of $48.33 Exit Target Criteria- $44.13 7 lower Stop...
CAB seems rolling over & broken down its support. We think it will decline father. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $52.33 Exit Target Criteria- $47.33 Stop Loss Criteria- $54.47 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLW seems formed a nice base & if we get that moving averages to cross, that will be very nice fallen angel setup. So we are waiting for the it to break above, and keeping on watch list for now. *Trade Criteria* Date First Found- May 22, 2017 Pattern/Why- Potential fallen angel setup Entry Target Criteria- Break of $46.63 Exit Target Criteria- $50+ Stop Loss...
CGI seems forming fallen angel pattern. It is not ready yet, so we are keeping in watch list for now. Please check back for Trade updates. (Note: Trade update is little delayed here.)
GPRK seems forming a bull flag formation. It is a Oil & Gas Drilling company & it was pretty strong while oil was falling. Now Oil is moving up & we think it will go up further. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Bull Flag formation Entry Target Criteria- Pull back to $8.55 or current price Exit Target Criteria- 1st Target $9.83,...
ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area. To play this we would consider $55 or $60 September puts. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Head & Shoulder formation Entry Target Criteria- Break of...
LEG Looking good as short. Great breakdown below upward channel formed since October 27th. Moneyflow also broken down. We think it will decline further. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $49.87 Exit Target Criteria- $45.13 Stop Loss Criteria- $52.6 Please check...
SONS seems forming a flag formation. It had a nice pull back and in the hourly frame it seems getting in a point of breakout. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $7.84 Exit Target Criteria- $8.77 Stop Loss Criteria- $7.33 Please check back for Trade updates. (Note: Trade update is...
PTC seems breaking down from Long term upward channel. Moneyflow also broken down to the negative side. We think it can decline as low as $44 area. We would also consider $52.50 July-17 Puts, last traded for $2.30 * Trade Criteria * Date First Found- May , 2017 Pattern/Why- Upward channel breakdown short. Entry Target Criteria- Break of $51.43 or Rally to...
* Trade Criteria * Date First Found- May 16 , 2017 (Intraday) Pattern/Why- Downward channel breakout Entry Target Criteria- Break of $7.07 (hit May 16, 2017) Exit Target Criteria- $7.47 and higher Stop Loss Criteria- $6.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria * Date First Found- May 16, 2017 (Intraday) Pattern/Why- Triple bottom support breakdown short. Entry Target Criteria- Break of $10.43 (Hit May 16, 2017) Exit Target Criteria- $9.53 Stop Loss Criteria- $10.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CRI broken down from an upward channel & seems it has good down side potential. We are looking for a short here. * Trade Criteria * Date First Found- May 16, 2017 (Intraday) Pattern/Why- Upward channel breakdown, capturing the crash Entry Target Criteria- Break of $86.97 (Hit May 16, 2017) Exit Target Criteria- 1st Target $83.97, 2nd Target $78.77 Stop Loss...
CYBR seems broken down from a pennant formation. Moneyflow just plummeted to the negative side. We think it will continue down & reach Pennant formation target. * Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Pennant breakdown Entry Target Criteria- Break of $47.23 Exit Target Criteria- $38.63 Stop Loss Criteria- $50.43 Please check back...
CHTR is a possible momentum play. It had a good run & now seems topping out with huge moneyflow divergence. We think it has good downside potential. On the option side we would consider $325 Puts * Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Momentum Trade Entry Target Criteria- Break of $316.93 Exit Target Criteria- Target $285.13 Stop Loss...
H seems forming a head & shoulder formation. Moneyflow is getting down to the negative. We are looking for a speculative short if it shows weakness after reaching to $59 area. On the option we would look for $50 November-17 Puts, currently $1.35 * Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Head & shoulder formation Entry Target...
CALA was big performer, as we had a massive ride from $4 to $10 early this year. Now it seems flagging again. If it can break its resistance, it has potential to go higher. * Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $14.53 Exit Target Criteria- $16.18 Stop Loss Criteria- $13.43 Please...
ECYT was discussed in trading room last Thursday as Flag play & it played out beautifully. It seems flagging again, and showing strong upward momentum breaking out long term resistance. We think it has potential to go as high as $4.13 * Trade Criteria * Date First Found- May 15, 2017 Pattern/Why- Flag formation (Possible Momentum Trade) Entry Target Criteria-...