CORT Date First Found - November 15, 2016 Pattern/Why- big selling- low probability but great risk to reward ratio Entry Target Criteria- break below $9.37 (hit November 15, 2016) Exit Target Criteria- $8.43 Stop Loss Criteria- $10.13 Indicator Notes- high risk, possible day trade, big insider selling
Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- break below $159.00 (hit November 15, 2016) Exit Target Criteria- $90.00 Stop Loss Criteria- $177.63 Indicator Notes- big drop in Twiggs Money Flow Special Note- we would consider March $170 Puts @ $11.50 or March $165 Puts @ $18.30
NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side. We would consider $45 March puts, last traded for $2.60 You can check our detailed...
CBT is in weak speciality Chemical sector, and now running in a big upward channel. It has huge down side potential if the channel breaks down. We think it can decline to 36 area. You can check our detailed analysis on CBT in the trading room/ Executive summary link here- www.youtube.com Time Span: 7:50" Trade Status: Pending
ORI forming a nice bear flag, and now rising within a small upward channel. If it breaks down the channel, it may confirm the flag formation to the down side. We are watching it closely You can check our detailed analysis on ORI in the trading room/ Executive summary link here- www.youtube.com Time Span: 7:30 " Trade Status: Pending
GLT seems forming an inverse flag & pole formation. It looks very weak as it crossed down all the EMA & MA lines. For entry confirmation we would like it to break 18 level & our target is 15 You can check our detailed analysis on GLT in the trading room/ Executive summary link here- www.youtube.com Time Span: 6:45" Trade Status: Watching -------------------------
XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation. Overall it looks very good short. You can check our detailed analysis on XAR in the trading room/ Executive summary link...
We had a very good option trade with SPG & now it seems getting ready for another fall. It is breaking down from longer term upward channel & the target could be as low as 153 To trade this we would consider $180 April puts currently $11.85 You can check our detailed analysis on SPG in the trading room/ Executive summary link here- www.youtube.com Time Span:...
IPHI gapped up on earnings to a declining head & shoulder resistance and declined a bit from there. We think it will decline form here & may complete the H&S formation. So we are looking for a short from current price to 36.13 or lower to 30.13 You can check our detailed analysis on IPHI in the trading room/ Executive summary link here- www.youtube.com Time...
LCI going up forming a bump & run or falling angel type of pattern. Moneyflow is accumulating & turning to positive side. We think it will continue up trend for a while. Investors seems very bullish on this as Calls outnumbered puts by a bullish 31-to-1 ratio. So we would consider $25 November Calls currently $1.30 or $25 December Calls currently $1.90 You...
MACK had a huge run forming a fallen angel pattern recently & now seems getting ready for a second phase run. We would like to see break out of MA100 for long entry, and our first target is 5.93
LYB breaking down from a head & shoulder formation in short term & it has lot of insider selling from key investor. In long term it formed a descending triangle. Now it had its earning released today & in reaction it did decline a bit, so we think it will decline breaking the triangle formation. To trade LYB we would consider $80 March Puts (6.2) You can...
AVY forming a potential flag formation. Moneyflow is deep on the negative side. Break below 68 will be confirmation of the flag breakout. You can check our detailed analysis on AVY in the trading room/ Executive summary link here- www.youtube.com Time Span: 6:50" Trade Status: Pending --------------------
ATVI started to breakdown from the upward channel. It has significant moneyflow divergence & moneyflow started to breakdown to the negative side. It has longer term downward potential to 28.13 Need to be aware of earnings on November 3rd for stock play, and for option play we are looking for $44 May Puts - $3.95 You can check our detailed analysis on ATVI in...
SPY seems a very good intraday shorting opportunity as it broke the support & now retesting it from beneath. Now if it rises a bit to EMA 9 & reverse in hourly frame we can take a short. You can check our detailed analysis on SPY in the trading room/ Executive summary link here- www.screencast.com Time Span: 24:00" Trade Status: Pending
UVXY got some upward momentum & declined a bit hitting double head resistance, but it has very good upside potential. So we are looking for a re-entry opportunity if it adjust down to 17 area. You can check our detailed analysis on UVXY in the trading room/ Executive summary link here- www.screencast.com Time Span: 46" Trade Status: Pending
BZQ looking interesting as it seems forming a fallen angel pattern. It crossed above EMA lines with high volume. We think it will go up now & our first target is 20.50 area. You can check our detailed analysis on BZQ in the trading room/ Executive summary link here- www.screencast.com Time Span: 35" Trade Status: Pending
HL running within a downward channel, if it can break it up we think it will easily go to 7 area. You can check our detailed analysis on HL in the trading room/ Executive summary link here- www.youtube.com Time Span: 4:10" Trade Status: Pending