ChristopherCarrollSmith

ChristopherCarrollSmith Updated 

Foresight Autonomous recently signed a big deal to provide autonomous vehicle technology to a major Chinese auto company. It ran up quite a bit Thursday, and the price action today looks encouraging for a continuation. We've mostly held above 2.30 support, with lows around the 2.26 support level. The late-day drop to 2.09 support offers a good buying opportunity....

ChristopherCarrollSmith Updated 

Mastec has formed a nice upward parallel channel and breached trendline resistance yesterday. It's in pullback mode from the trendline breach, but I expect more upward movement through that trendline in the next few days. Mastec has solid analyst ratings and a recent history of earnings beats. It next reports July 31.

ChristopherCarrollSmith Updated 

VMWare is at channel bottom, which offers a buying opportunity. Stop loss 167.12. VMWare has solid analyst ratings.

ChristopherCarrollSmith Updated 

After falling out of its channel the other day, Black Hills Corp. hit critical trendline support and held it pretty decisively. It's looking like a long from here.

ChristopherCarrollSmith

Look to buy at support of 36.26, with current stop loss of 36.06. Move that stop loss up periodically to keep it just below the channel. This is just an idea as to how the market will move, not investment advice.

ChristopherCarrollSmith Updated 

Autozone has been in a downward slide, but we have two support levels coming up that could push it upward through its trendline for a short-term rebound. A break through that downward trendline is the buy signal. Autozone has excellent analyst ratings and a long-term uptrend.

ChristopherCarrollSmith Updated 

Revolve's finding some support at 34 and its MACD on the hourly chart is looking more and more bullish. It could still drop to 32, so I set a larger buy order at that level, but I've got a small position here and am expecting a pop by next Wednesday, likely earlier.

ChristopherCarrollSmith Updated 

Neptune Wellness looks to be making a bullish move above the triangle it's been forming.

ChristopherCarrollSmith Updated 

After its correction Monday and Tuesday, GE had an upward triangle breakout and thus still appears to be in an uptrend. I will look to buy the support price of 10.19 and set my stops below the channel.

ChristopherCarrollSmith Updated 

Skyline Holdings has formed a new parallel channel, with long-term trendline support at its channel bottom. It's currently oscillating toward channel bottom, but with great analyst ratings and a recent earnings beat, we should see another upward oscillation after that. Buy long near the trendline. As always, this is just an idea about how the market will move,...

ChristopherCarrollSmith

Kohl's (KSS) has been looking better and better on its MACD for a while now, and I've just been waiting for breakout above trendline resistance to confirm its upward reversal. This morning it finally got across the line. It may yet pull back a bit, but I suspect we've seen the bottom for this stock and will begin to see recovery from here.

ChristopherCarrollSmith Updated 

Gold dropped some today, but it's still within the upward parallel channel it's been forming. I expect a gold rally, but keep your stops just below the channel.

ChristopherCarrollSmith

AMD broke out of its downward channel today on the strength of a supposed earnings beat by MU. This may portend further moves upward by AMD.

ChristopherCarrollSmith Updated 

Glu Mobile broke above a downward trendline thanks to support from a longer-term trendline formed over the last 12 months. That support line may also push GLUU out of its downward parallel channel, in which case the price should oscillate upward ahead of earnings in late July. Despite strong analyst ratings, earnings expectations for GLUU are .02 per share lower...

ChristopherCarrollSmith

Slack looks like it's forming an upward channel after breakout from its previous downward one.

ChristopherCarrollSmith Updated 

Syros Pharmaceuticals made a big move up this morning, but has retraced to support at 7.08 (not reflected on the chart yet for some reason). It may bounce higher later today.

ChristopherCarrollSmith Updated 

Black Hills Corporation has established an uptrend and sung down near the bottom of its channel in the last few days. This offers a buying opportunity. It's finding some support at June 20 lows of 79.44. It should move above that level by the end of the week. It next reports earnings August 5 and pays a dividend on August 15.

ChristopherCarrollSmith Updated 

With rising tensions in the Middle East and a large crude oil inventory draw yesterday, we're looking likely to stay in an upward parallel channel that formed in the last couple weeks. We may get a pullback the rest of today due to resistance, but tomorrow we should be up again. As always, keep your stops below the channel and move them up each day.