REGI has been on a sharp decline, and now there is no resistance on the weekly chart until the gap in its chart that starts at 14.9 and closes at 13.85, which also happens to be 200sma support at 13.85 on the weekly chart and 50 sma support at the same level on the monthly chart. I looking for this to fall further and close the gap into the moving average support....
REGI just filled its gap to the downside on its weekly chart, it also ran into its 200 day moving average at the same time. On top of this stock being very overextended to the downside and oversold, there will be a quick reversal now that its filled its gap. I believe the reversal will go back to the upside to around $14.9 before the gap in the chart. This is a...
WMT is looking to finally breakout. It has tapped resistance over 5 times, making a potential breakout that much more powerful. Upward resistance after the breakout lies at 106 and 110 roughly. I'll have those as my targets.
NBEV, just crossed over is 9,20 and 50 day moving averages in a rounding pattern out of resistance. Looking for potential up to $5.9 for 11% increase before it reaches a new layer of resistance. This may pop up to that point within 3 days since its a low float stock and moves quickly.
TWTR just filled its gap in the daily chart. Looking for a reversal to its previous support before the gap was filled.
LMT has now tested upward resistance 4 times, each time the resistance weakens and the price action is more likely to breakout There has recently been a breakaway gap in the stock. I'm looking for another gap over resistance to create a runaway gap. Target 1 will be first layer of resistance and Target 2 will reach resistance at all time highs. Setting stop loss
CVS is showing signs of further breakdown with increasing volume through most recent downtrend. The volume accounts for the highest relative volume over the past 7 years and it has accumulated through the last 3 months of the downtrend. This is a further bearish signal.
AMD is showing weakness in daily chart. It has now tested support with 4-5 taps. It has closed below its 50sma and trading beneath all its moving averages. Looking for a breakdown to $25.20 for a 5-6% profit.
STM has formed an island gap. It gapped down and gapped back up creating an island in price action. This is a very bullish signal and shows reversal in the chart after a very overextended move to the downside. It also held over the 200sma following the gap up. Looking for an 8% move.
TWTR is showing weakness with the rest of market. It is trading very close to a gap in the daily chart, looking for it to fill at $35.45 for a short play. This will be about a 4-5% profit target.
YINN has had a strong downturn due to the China-US trade war. After today there was a gap up in YINN, which followed a gap down the day before. This has now created an island gap. This signals a reversal in sentiment and in this case a bullish reversal. Especially after a massive over extension to the downside in the price action.
CMG has been consolidating with a flag range, it has now tested the upward resistance at $721 four times. I'm playing for a breakout to the old highs at $745-750 range. All the moving averages are now curling up under, which is what you want to see on a potential breakout. Looking for 4-5% profit. Entered at $714.
TME has just completed its round down pattern into support. Looking for a snapback play to the upside after this stock is extremely overextended to the downside. Looking for profit at the $15 level before the gap in chart, then looking to fill the gap upwards toward $15.75
QCOM has had a great run up, but its now over exhausted and has closed under its 9ema and 20sma on the daily chart. I'm looking for it to retrace to $78.5, then fill the gap downward toward $71-72. I jumped into short at $82.25 by buying a couple $82 PUT options
NFLX is about to complete an inverse head and shoulders pattern, a very powerful pattern indicator to upside potential. Typically there is a breakout to the full length of range of the right shoulder, which is $341-$381 (a $40 range), indicating a possible break to the upside of $40 to $420, which places it right back into resistance of its all time high. ...
AKAM has formed a bearish shooting star candle stick on the weekly chart. This candle stick has a very long wick, meaning buyers couldn't hold and price was driven way down, showing sellers may be in control over the next week or so. Also stochastics are overbought as well. Aiming for a pullback to some minor support at $74 for a %7 gain to the short side.
NEWR is forming a very nice inverse head and shoulders pattern. I've entered into this trade at $105 leading into the breakout. Breakout to take place if it passes $107 resistance level. Based on range of shoulders, I'm aiming for profit at $113-115 price level which is also resistance at the all time high of stock. Earnings are on May 13th after market, which...
MCHP is one of the very many within the semi-conductor industry that has been hit the hardest. It is extremely over extended to the downside and oversold. It is beyond the bollinger bands as well. It has just formed a bullish harmani with the 200sma sneaking up under it. I'm aiming for a 6.5% snapback to $90, then taking profits. Setting my stop at around...