Craig_Stine

Craig_Stine

Looks like Kellogg is forming a head and shoulders pattern on the weekly chart. It also happens to be forming right on the 200 MONTHLY SMA! Looking at the monthly chart the trend is clearly bullish...with controlled risk its definitely worth a shot. If it doesn't work out this time ill be looking around $42 if it gets down there.

Craig_Stine

Might be a good spot to grab a few shares.

Craig_Stine

Looking at CVS for a longer term trade.

Craig_Stine

I believe we will retest the 200 Weekly SMA or some lower support levels. I would like to see a big double bottom off the 200 weekly SMA so I can see some consolidation between the major daily moving averages and the 100 weekly SMA in the next week before another breakdown to retest the 200 Weekly.

Craig_Stine

WWE created an inverted head and shoulders. Just broke the neckline so I would expect a small retracement to support or a larger retracement to the 200 SMA then a continuation upward.

Craig_Stine

What it might look like if history repeats itself.