Short this now! This is the bull trap. Smash those bulls.
Do not buy now. General principle: Don't buy after a long period of buying. This call follows my long energy position. If price meets 23.50, get more. (I sold eagerly at 25.19, seeing it was up 17% at that time. Price is currently breaking through supply (price resistance) at 26.03.
Different formation built off the double bottom — a cup and handle. Again, buy it before it goes through that resistance line and win.
Long on good energy stocks like Sun Power. Buy at 25.50, Long on housing-related stocks, and that includes solar for first time home buyers and Gen X 'ers. Patterns. * quadruple bottom * cup and handle bottom * Narrowing and consolidation Price met resistance at 27.50 and came back down. Expect it to meet this level (27.40) again soon. If it goes through...
Price retested the level and retraced the Bounce level and retraced some, as expected. Expect price to go down to 59.73 again and go through it, to form a lower low. I sold most of it off at that level, and am re-shorting the retraced-to level.
Pepsi came up to hit the gap, now it's time to go back down.
Price might retrace back down to 6.80 level. If it does, that could be good opportunity to buy in. As always, watch closely the price of oil, CL1!.
Building on previous idea of double bottom for BBEP. Just observed formation of a cup and handle. Oil can continue down, and we've seen a lot of volatility. However, we're on the low end of the range in the larger time frame.
DPS formed a Head and Shoulders. Below, KO and PEP. Beta, from high to low: DPS PEP KO
Nothing new here on my approach to MCD, just an observation. Still on target.
Fran gapped up, but going back down. Made last earnings, after Christmas, but earnings are declining. Popularity seems not so high with girls these days.
Head and Shoulders formation will be completed at 5.35. I'm already in this one. Market sector: Slot machines and gambling are going out. WYNN, LVS are other marketplace losers.
Opportunity to short MCD today. Price moved to fill the gap, ending the upper side of a downtrend. Thanks to corporate "news" about McDonald's. Still looking for an $82 price target here. Price may come up tomorrow a bit, but I am already in.
Right Shoulder is incomplete. Seems the angle and direction of things is that we've already been up, more likely to go down from here and complete that H & S. Past that, there is probably support around $75, based on the
Last week saw a price jumped in energy. BBEP went from 5.40 to 6.90. Oil is now below $45 again. Down oil, means down energy stocks. Oil is not plummeting, so I'm in. Price to Book Value: 0.4181 — Cheap! Price target estimate: ………… $13.40. Not going all in on this highly volatile stock; but a moderate risk with some capital.
Strong reversal from the recent jump, continuing on the downtrend towards $12.