IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- Fallen angle Pattern Entry Target Criteria- Break of $13.04 Exit Target Criteria- $15.17 and...
BOFI is a possible head & shoulder formation. It seems it has broken the pattern & $22.50 will be its target. To play this we would consider $25 April-17 puts * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- $25 April Puts Exit Target Criteria- $22.53 Stop Loss Criteria- N/A Please check back for...
ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or...
CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Possible momentum trade Entry Target Criteria- Break of $13.16 Exit Target Criteria- $11.83 Stop Loss...
FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area. * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $13.93 or rally back up to $14.93 Exit Target...
NEOS seems breaking out a long term downward channel formation. Moneyflow is getting stronger & today it had a breakout with huge volume. We think it has good upside potential & it will be a perfect hedge if market start to decline. Please check back for Trade updates. (Note: Trade update is little delayed here.)
PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
BZUN is forming a flag formation in weekly frame. It also formed an ascending triangle, which seems broken out recently. So we have short term target for ascending triangle & a long term target for weekly Flag formation. * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Flag formation (Weekly), Ascending triangle Entry Target Criteria- Break...
BLDP is forming a nice flag formation with huge volume, rally was backed by a recent contract. However, in the weekly frame it is forming nice upward momentum. We think it has very good upside potential in long term. * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $2.83 or pull back to...
Break below today's low. Stop signal 97.84. Target 88.17/83.67
Break below 19.13, stop signal 82.33. Target 65.31
DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline. Please check back for Trade updates. (Note: Trade update is little delayed here.)
EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry. * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Flag formation Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6 Exit Target...
BW forming a nice fallen angel type momentum Long setup. Made a nice rounded bottom, and crossed above sharp reversal area today. We think it has good upside potential if it can break above $9.56 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Fallen angel type Momentum Long Entry Target Criteria- Break of $9.56 Exit Target Criteria-...
NYMX seems forming a nice flag formation. We discussed an intraday long opportunity on Thursday trading-room. Now we are keeping it in our watch list for potential long if it breaks above $4.50 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Potential Flag formation Entry Target Criteria- Break of $4.50 Exit Target Criteria- N/A Stop Loss...
SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of...
SPY seems breaking of a Rising wedge in hourly frame. It also looks like an upward channel formation which is just broken down. Both Pattern suggest a decline around $231-32 area. This will confirm a downward break of Open range, and ensure a negative bias in the market until the next open range. Please check back for Trade updates. (Note: Trade update is little...
PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83 * Trade Criteria * Date first found- March 14, 2017 Pattern/Why- Trend breakdown short Entry Target Criteria- Break of $19.83 Exit Target Criteria-...