We noted this weekend that AAC formed a 1st stage double bottom with an advanced pivot at 30.15 and a classic pivot at 31.58. AAC was #1 in ChartYourTrade.com's Top 10 Setups in Bases with a rating of 9.65. It wasted no time breaking out and running over 20% so far this week. Here are some of the notes provided to ChartYourTrade Premium members from this...
CAVM was ranked #4 on this week's Top 10 Setups in Bases with a score of 9.3. Our notes from this weekend's report are below. If you'd like to learn more about ChartYourTrade, click here: chartyourtrade.com BASE TYPE = 1st stage flat base CLASSIC PIVOT = 64.61 ADVANCED PIVOT(s) = 62.73 SUPPORT = 55.55 NOTES: CAVM's RS line is about to break into new high...
After having gapped on on 2/6 on the heaviest volume in months, TWTR has found support along its 5ema. Presently it is also butting up against a descending trend line of resistance that is 14 months long. If TWTR can break above this line with some volume, it may be the beginning of a major run.
FRGI made it onto ChartYourTrade's Ready List this week and is ranked #11 out of 16 setups in bases. Here is some of what we're seeing this week: BASE TYPE = 5th stage flat base CLASSIC PIVOT = 64.18 ADVANCED PIVOT(s) = 61.95, 61.09 SUPPORT = 56.82, 55, 10ema, 50ema NOTES: Aside from being in a late stage base, FRGI continues to outperform. Note its RS line...
AAPL formed a 2nd stage flat base with a Classic Pivot at 119.75. On 1/28 AAPL reported earnings and gapped above the advanced pivot at 114.77. It closed near the lows of the day BUT it closed above the advanced pivot (a sign that it may turn into support). So far the 114.77 advanced pivot has held and can be considered support with AAPL rising above the high...
PAYC is another clear example of why its important to pay attention to stocks making big gains on heavy volume WHILE STILL IN THEIR BASES. We track and post the Top 3 every day for FREE on ChartYourTrade's "Shooting Stars". chartyourtrade.com PAYC appeared on our Top 10 Setups in Bases on 1/24/15 chartyourtrade.com Since then it broke above both the advanced...
Stocks which make big gains on heavy volume point to institutional activity and are therefore worthy of our attention! ChartYourTrade’s “Shooting Stars” are the top 3 stocks that advanced the most on heavy volume from our current UNIVERSE list. This is LCI’s 2nd straight appearance on Shooting Stars. It is presently working on a 4th stage cup-shaped base with...
Stocks which make big gains on heavy volume point to institutional activity and are therefore worthy of our attention! ChartYourTrade’s “Shooting Stars” are the top 3 stocks that advanced the most on heavy volume from our current UNIVERSE list. On 1/26, all 3 names appearing on "Shooting Stars" were from the Medical Sector. SCMP recently broke out of a 1st...
After gapping to all time highs on 1/8, CMG has traded sideways and progressively tighter while hugging the 10ema. This sideways action has allowed the longer term 21ema to play catchup and is only about 2% away presently.
NYSE has made a series of higher lows since mid-October. It is also presently trading against 2 ascending trend lines shown here. 10457.89 is an important level to watch. If it is violated, NYSE will have broken the trend of higher highs and higher lows as well as both ascending trend lines.
On Wednesday LOCK found resistance at the upper channel line and today it crashed through its lower channel line thereby breaking the trend. When looking at levels of resistance & support, those levels should turn into levels of support & resistance once they are surpassed. When LOCK broke out of the classic pivot at 17.99, it should have turned into a level of...
LOCK broke out of a 1st stage flat base with a classic pivot at 17.99 on 12/29 on volume that was over 250% above average. LOCK has also been trading in an ascending channel since June. Today it is hitting the upper channel line and is finding resistance along it. With the 10ema rapidly rising, it gives the 17.99 flat base pivot a better chance of turning...
INSY attempted to break out from a large 1st stage cup with handle on 12/18 (also appeared on ChartYourTrade.com's "Shooting Stars" which highlights the top 3 stocks from our Universe List each day that make big gains on heavy volume. chartyourtrade.com Over the past 7 trading sessions, price action has gotten progressively tighter and support seems to be forming...
LOCK is breaking out of a 1st stage flat base today on volume that is over 250% above average. Throughout the base, LOCK has received support along the 50dma. Recently (on 12/24 and 12/26) it displayed support at the 21ema as well. Its also worth noting that the major volume spikes have all been on up days. This points toward accumulation.
SPY has been in a well defined uptrend for the past 6 years. The week of 10/13/14 the long term uptrend was tested (see red ascending trend line on the weekly chart) and it found support. The support that it found came on the heaviest weekly volume in 3 years and the SPY closed near the top of it's weekly price range. For the time being, the blue ascending...
So far BABA has held the recent lows around 103.50 This level closely coincides with the 50EMA & provides a potential level to play against in the near term. Today's close will be important for those watching BABA over the intermediate term. A close above 40% of the days trading range will imply support as would a close above the 50SMA.
Its so important to keep an eye on volume along with price action. Over the past month, TASR has appeared on ChartYourTrade's "Shooting Stars" 4 times. This is a post dedicated to finding the 3 stocks of the day making the biggest gains on heavy volume from our Universe Watch List. Our Universe Watch List screens for the top growth stocks. For details, visit...
PATTERN: 3 weeks tight PIVOT: potententially on break above blue descending trend line seen on daily chart NOTES: CELG has proven to be a leader as proven both in price action and in its RS line. On a weekly chart there are several accumulation weeks. This week caught support off the 10wk line. This week's low of 108.26 can count as support.