Kevin_Lomax

Kevin_Lomax Updated 

I have been watching this stock for a while. With the recent failure from the highs I decided I would share. MicroVision is company I became interested in for a fundamental reasons. They are the creator of the "PicoP" projector, and they create laser based projection systems. They also hold a large portfolio of patents that I believe may have application in...

Kevin_Lomax Updated 

Sometimes less is more. Using simple methods for drawing my monthly support and resistance has been a great improvement to my trading. I cannot post all my trades and analysis, but here is what I have been looking at primarily while being long Yen since the start of this trend. No complex patterns, indicators or fundamental knowledge is needed. I am short this...

Kevin_Lomax Updated 

CHK has broken channel support which is an undeniable bearish sign. However, we are forming a falling wedge at support and the chart is showing that CHK could possibly rally. My first target is the broken channel support, and if we can break that than this stock could be in for a big rally. If we did break the channel support than I would be looking for a new high...

Kevin_Lomax

My answer is no the Bulls are not finished. On the weekly time frame we can see a large falling wedge pattern than began to form in 2013. During this time period price also traded primarily below the 50 period moving average, and never sustained a significant move above. Price has sustained a 14% rally from the break of the 50 period moving average without closing...

Kevin_Lomax

Recently published an idea to sell USD/CAD. However, my entry criteria was not met, and I now have changed my side, and have bought this pair. I was once told it is important to never be attached to any one side of the market, and this is a good example of why. On smaller time frames we can see that the pull back was forming a bullish wedge or flag pattern. My...

Kevin_Lomax

On this chart we can see a Double top formation. To trade this pattern I will wait for the completion of a candlestick pattern. Price has formed this pattern at resistance, which is shown by the 50 day moving average. The target on the chart is only my first target, and I will be looking to trade a longer term move in the Canadian dollar. If interested I can post...

Kevin_Lomax

Falling wedge break out with a double bottom chart pattern. Wait for close above the entry level with a strong bullish candle pattern, I would not use a limit order. Target top of wedge.

Kevin_Lomax Updated 

I'm sure many of us have been watching this double top form on WTI, but I noticed this also may be a Bull flag formation. In that case I will enter long when the flag pattern breaks to the upside. Otherwise we will be watching trend line support and going long or short depending on what happens there.

Kevin_Lomax

I took an early entry into CHK, but I will be taking this set up as well and buying more if we continue.

Kevin_Lomax

Let's take a long term look at $MCD on this chart. Fundamentally this is obviously a strong company. In brief, net income has decreased from 2011, but we can see the price has made all time highs regardless. The consensus estimate for earnings tomorrow (released during pre-market) is $1.16. A decline from the previous quarters earnings. This stock has been in...

Kevin_Lomax

This stock looks to me like a good opportunity for a trade. Currently forming a Pennant which is a trend continuation chart pattern. This stock is also relatively high volume, and trading well above Daily and Weekly 200 period moving averages. This just further helps see the strong Bull trend this stock has been going through. Remember, the trend is your friend!...

Kevin_Lomax Updated 

I am seeing a similar pattern on silver as well. This is a Cup and Handle bottom, that was published by Market Wizard William O'Neil. It's a pattern I use because the price action makes good sense to me, even in markets other than stocks. I will be looking for price to clear the previous high before entry, and then I will be watching 1300 before buying more.

Kevin_Lomax

Enter on break and close of the flag. First target 103-100 based on monthly support and weekly 200 period moving average. Looking for support to be tested as resistance around the 20 day moving average, and continuation of the Bear trend. This also could be a possible bottom reversal pattern which is why we have to wait for confirmation of flag to trade this.

Kevin_Lomax Updated 

This is a long term set up, that will most likely take sometime to confirm. Price has made a double bottom at the 200 weekly period moving average. In addition we are forming a falling wedge. The size of the wedge suggests that if it does break it could be a significant move to the up-side. The candle of the week 02-08 tested the highs made in 2008 as support, an...

Kevin_Lomax Updated 

I am bullish on several oil stocks, however we have a potential bearish wedge forming here on $WLL. We also may be making a bottom- you can see price has held above the 50 day moving average since March third. A good way to trade this long would be to enter on a break of the highs (marked on chart with horizontal line) and set a stop below the possible wedge...

Kevin_Lomax Updated 

On daily this looks to be a Cup and Handle chart pattern. If you're not familiar with this pattern it was developed by Market Wizard William O'Neil and discussed in his book How to Make Money in Stocks. Weekly we have a falling wedge. Looking to buy on a break of the flag (handle).

Kevin_Lomax Updated 

Seeing similar reversal signs on a couple of other oil stocks. Here's one that looks particularly appealing to me. Currently trading above the 200 day SMA and above the 50 week SMA. First level I'll be watching is 38-- area resistance Waiting for WTI to show a continuation before placing a trade

Kevin_Lomax Updated 

We can clearly see with moving averages and trend lines that GBP/AUD is in a strong bear trend. Currently, price is at critical support. If we can clear this level the next major support level is quite a bit away. We have a minor level at 1.72-- to 1.73-- and the next major level (as I define them) is at 1.445-- area. This seems to be a good short if price...