textbook double top. broke through long term resistance at 153 and now back testing. couldn't break back through despite a few attempts last week. way too much overhead. sellers waiting. if this ceiling holds up price should breakdown to 130 before next move. buying 1st tranche of puts this week. any close above 153 is my stop.
I thought $BIDU might break out of this wedge to the upside, but not anymore. There's an earnings gap to fill to the downside and $BIDU has been totally absent from this rally in general, and today's China rally specifically. See what it does off the 20MA on the hourly. Might buy some lotto puts for Friday.
Still like long-term.
$PCLN has sucked after earnings but might be bottoming here before next leg. All the indicators are negative but it's holding up above this long term resistance line, which, of course, corresponds perfectly with the .618 retrace from the er run-up (must be coincidence). Might be a good lotto play for tomorrow if you can get some cheap options. I'll be throwing...
$AMZN broke over a few key resistance levels last week, re-entering the lower boundary of it's long-term upward channel (green line), but moving averages all rolling over and it still faces some very strong resistance at $335. If it can't break through that level with any kind of conviction, that's where I'm buying puts. Notice, too, the sad-face indicator at the...
After a failed breakout of the primary C & H pattern yesterday and a fade today, $NFLX bounced off $443 late day and continued up again into the close, perhaps anticipating a retest of of that heavy top around $455 later in the week.
What today's price action also put together was a double C & H pattern, that is almost an exact time/scale mirror of the pattern...
Every meaningful level of support has been breached. Major moving averages are all rolling over. Might make another push for that .618 line at $324 but this looks headed for $288 and fast. Look out below.
Nice bull flag here after working off the overbought condition after earnings. Red trend line goes back a month and could be a trampoline for another leg up. Chinese leader been trading independent of SPY. Lots to like.
After the post-earnings bounce early in the week, $GTAT broke through and held a key resistance/support level for the second straight today. 15.25 has been a really significant technical level since March and has acted as a ceiling for any upward move since the breakdown from 20. It also coincides nearly to the penny with the .618 retrace from the big run-up to...
Looks to me like $PNRA is about to complete a year long double top formation. If current downard trend breaks the baseline, this stock could be in for a blowout. Watching with one hand on the put trigger.
V showing nice bull pattern on the hourly. Broke through resistance on Thursday. Flagging here waiting for the 20 MA to catch up, then could run some more. Next major resistance at $228 area.
Pretty straightforward here. Pre IBB correction channel was resumed Wednesday and confirmed today. Placing stops up the lower line. Could see 95.50 range by July 21 earnings.
