About meWe are stock and option traders providing ideas focused around day and swing trades. We base all our trades around reading of charts, price action and technical analysis.
We have been watching RNG for a few weeks now waiting for a solid move above resistance at $306. It looks like today's announced partnership with Vodafone might push it above this level. If it can move above here it could see slight resistance at $310 but we feel that the ATH at $317.84 is a more likely target.
CLX saw a pretty large dip on vaccine news and in my opinion was slightly overdone. They recently reported very strong earnings and continue to not be able to keep up with demand. I also do not think demand will slow for at least the next several months. We are looking for a move above the 20-day moving average to move towards 50-day/fill the gap in the...
Keeping an eye on $LRN after today's inverted hammer candle. Last two days were decent size red candles on light volume and today's inverted hammer candle saw an uptick in volume. Would like to see it get above $29.50 before entering position. Target would be the $31.33 area.
Keeping an eye on flag pattern developing for $DLTR. Would imagine it would get a boost if stimulus is finalized. The high of the pattern is $97.68 and this level has acted as resistance previously. Targets would be $100 then $102 area.
Has a clearly defined downtrend from yesterday on 15-minute chart that it is trying to break. Tested strong resistance at $244 yesterday before fading. It's starting to gain some momentum with RSI crossing above 30 and is about to have MACD cross. Will take a lot to get it back to $244 today but watching for intraday reversal this morning.
GNRC formed a bullish flag and looks to be breaking out today. It is currently above $215 and high of the flag was around $214. Looking for target around $235 based upon size of flag pattern.
Has seen reversal candles for several straight days on daily chart including Monday's on high volume. Monday's close was above 20-day moving average too. Looks like this might be getting ready to make a run and test resistance at $10.
Has a falling wedge and looks like it is trying to breakout today. This morning it has already broken above 20-day moving average. Volume has been building over last couple weeks. Looking for close above that 20-day moving average that is currently around $95.15.
Trying to breakout of small downtrend since mid-September. It looks to be gaining momentum with RSI crossing above 50 and MACD cross plus histogram turning positive. Thursday brought a bullish engulfing candle with a close above 20, 50, and 100-day moving average. Options for this stock are thinly traded with wide bid/ask so this would be a share purchase with a...
Has a nice flag pattern forming while showing some signs of accumulation. Remained strong on Wednesday during market selloff with an engulfing candle on decent volume. If we get an update on Prime Day numbers, could see strength across transports sector. High of the year around $100 would be target and $106 range if it can break through that.
