ChristopherCarrollSmith

ChristopherCarrollSmith

Pieris is in an upward channel and looking bullish. Analyst ratings on the stocks aren't great, but Zacks has given it a HUGE Earnings Surprise Prediction (13.25%!), which should help the stock continue its run until the next report date in early August. Be aware, however, that it is approaching some stiff resistance above $4.60. It should rise Monday, but then it...

ChristopherCarrollSmith

Tilray broke trendline resistance and has sloped upward. Coming amidst cannabis pessimism after CGC's earnings beat, this looks like a serious bullish move. This chart of Tilray's new channel is still a little preliminary. Look for an opportunity to buy at channel bottom next week.

ChristopherCarrollSmith

Ringcentral has moved decisively out of its upward channel and begun to form a downward-sloping one (charted here in a very preliminary way). It's a fairly solid stock, and it should find some support in the 101-104 range. That'll be your buying opportunity for a long play.

ChristopherCarrollSmith

Square has established an uptrending channel, but it reached channel top yesterday and today turned negative. Look for further downside next week and buy any price below $67 for a profit by Friday.

ChristopherCarrollSmith

GE has been holding mid-channel, but right now it's looking like it may drop to the bottom of the channel. I took profit at 10.54 and will watch to see what happens. This coming Monday and Tuesday are are likely to be bearish days for the market based on historical patterns, so it's a pretty good idea to exit the market until Wednesday anyway.

ChristopherCarrollSmith Updated 

Gold hit resistance around the March 2014 high of 1391.97. Wait for retracement toward upward-sloping trend line to buy. Likely support at February high of 1346.61.

ChristopherCarrollSmith

I've been closely watching Regions Financial. Originally I charted a steeper upward channel for this stock, but after today's moves I've adjusted my chart and am feeling a lot more confident about the pattern here. The question now is whether it will ultimately follow the horizontal channel or the upward-sloping one. Look for about 15.10 before it comes to a...

ChristopherCarrollSmith Updated 

USOIL has formed two different upward-sloping channels, one shorter term and one longer term. Soon it will break out into one channel or the other. Watch for breakout to see which channel it follows moving forward.

ChristopherCarrollSmith Updated 

AMD has been trying to turn negative for a few days, and it just got there. Likely to fall from here. It's got poor analyst ratings, so there's reason for the channel break.

ChristopherCarrollSmith Updated 

ECA Marcellus Trust is an example of an extremely high-dividend stock. Because of its high dividend that comes every three months, the stock moves in predictable cycles. The stock gets bought by dividend miners during the lead-up to a dividend, and then it sells off afterward. There are about 61 trading days between ex-dividends. The low typically comes sometime...

ChristopherCarrollSmith

RF broke out of its upward-sloping parallel channel after the Fed's hint that it may cut rates in July. Rate cuts are generally bearish for banking stocks. RF is now in a horizontal parallel channel. Analysts remain bullish, so I still suspect it will break upward out of the channel ahead of July 19 earnings. If it holds at the current high-volume support above...

ChristopherCarrollSmith Updated 

AOBC opened way up, around the $10.00 level, and then retraced a lot further than I expected, to support at about $9.37. This is a good price to grab for a likely slow gain throughout the day. AOBC posted a great earnings beat yesterday, but mixed guidance-- thus the retracement.

ChristopherCarrollSmith Updated 

By end of trading tomorrow, Tesla will break out in either the upward or downward direction. For a long play, shoot for about 225 entry point in the first hour or 225.65 in the second hour and set a pretty tight stop loss.

ChristopherCarrollSmith Updated 

AOBC reports earnings next week on June 18. Historically, AOBC usually beats earnings estimates. Additionally, AOBC has recently had its earnings estimates revised upward, which is a good predictor of an earnings beat. Zacks has given this company a high probability of an earnings surprise. Companies whose share price has recently fallen typically get the biggest...

ChristopherCarrollSmith

Likely move to bottom of channel in 10.19-10.22 range tomorrow before (hopefully!) moving higher. Wait till channel bottom to buy and sell in the event of downward channel breakout (in the aftermath of today's Fed announcement).

ChristopherCarrollSmith Updated 

Regions Financial (RF) recently broke out of the top side of a triangle and appears to be working its way through all the sellers in the $14.50-$14.60 resistance range today. From there, the coast is fairly clear up to about $15.50. Analyst ratings are mostly bullish on the stock.

ChristopherCarrollSmith

Chewy made a downward triangle breakout and will consolidate for a little while. It should find some support at this price level, which in the short time since its IPO has been a fairly high volume level. However, Chewy's fundamentals don't check out. It's an unprofitable company and doesn't appear to be making progress toward profitability. It may breach support...

ChristopherCarrollSmith

Facebook is near the bottom of its upward channel after a pullback this morning, but I expect its upward movement to resume on the strength of its cryptocurrency offering. Watch out for the possibility of a downward channel break. There's support at about 184.77, so that's a good price to buy if you can get it!