JoeHayes

JoeHayes

Bounce off support yesterday brings a safe entry opportunity for Ebay at a good support level. Any institutions which are long this stock should be buying up more at these levels; otherwise, capitulation will ensue. I would look for at least a retest of 52.00. We have some bullish momentum divergence on the histogram and stochastic, and with the markets taking a...

JoeHayes

Friday saw a huge institutional volume spike on a shortened trading day. This came at great support for YOKU and we have very clear bullish momentum divergences on the stochastic and mac-d histogram indicators. Of course, the bullish pin bar that developed due to this strong support bounce is confirmation that this stock is poised to go higher from here. I would...

JoeHayes

Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....

JoeHayes

Pin bar bounce at support came Thursday with above average volume along with major momentum divergence; also, Friday brought a price close above Thursday's high price. Look for price to hold above Thursday's low of 60.54 and retest the highs from last Monday around 70.50 which also coincides with the first noticeable resistance/support level. Entry: 64.16...

JoeHayes

Potential harmonic Bat Pattern setting up on the CHF/JPY. This would be occurring in a solid uptrend and provides a very clean and identifiable 'XA' leg. I would look to retest the 'B' point.

JoeHayes

This is a repost of my initial chart due to price having taken a few weeks to get down to the 'D' point area. I would definitely leave some room for any stop losses under that 'XA' leg in case price tries to retest the shelf its been bouncing off. Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will...

JoeHayes

Friday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking...

JoeHayes

USD/SGD is approaching the 1.2400 level which is an extremely viable support level as shown on this daily chart. To go with it is a new bat pattern with the .886 landing harmonically at this 1.2400 level. I would get in front of it ever so slightly and look for a retest of the 'B' point at 2560s or so. We also are seeing some bullish momentum divergence which...

JoeHayes

Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...

JoeHayes

Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...

JoeHayes

I posted the Daily chart a couple days ago; here is the weekly chart which is a bit clearer for people. Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on. Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity...

JoeHayes

Bullish Harmonic Bat Pattern with bullish momentum divergences on both stochastic and macd histogram with solid support level. Enter Long @ 31.00 Stop Loss below X point around 30.35 Profit Target is below 'B' point 32.30\ R/R Ratio of 1:2

JoeHayes

Coming off 52 week highs for the identified 'XA' leg. 37.50 is clean support on both daily and weekly charts. There is also very nice bullish momentum divergence seen on the Mac-d histogram. Enter Long just in front of the 'D' point at 37.55 Stop Loss below 'X' point around 36.60 My initial Profit Target will be 38.75 which should see resistance with second...

JoeHayes

Potential Bat Pattern Short @ $37.40s. This may setup directly before earnings on May 6th which could lead to a very decisive move down. Due to earnings date, obviously one would want to focus on an options play with this one. Harmonic Patterns setting up days leading up to earnings are always intriguing.

JoeHayes

BAT PATTERN LONG if we get down to $61.00 Look to get just in front of pattern around $61.30s. I am looking for a retest of the B point at around $71, and I will be putting my stop loss just beneath the x point under $58.00 This pattern also very clear on the Weekly chart as well.

JoeHayes

AMZN XA leg led to all time highs. B Leg retracement closed almost exactly at the 50% Fib level. the .886 D Leg was hit today creating a reversal bar on extremely high volume. There is also bullish momentum divergence seen on the RSI. This level has seen support 3 different times as seen on the chart here. Also, seeing as AMZN had been trading over $400 only a few...