FTDR reached the support level of the channel it's currently trading in. If we close green tomorrow, I'm going to open a long position. Risk to reward looks pretty decent.
TP @ $45.53 SL @ $39.61
It looks like MO broke through the wedge. As we can see, we are in an overarching downwards trend, so I'm going to short this stock. I am going to close this trend either if price reaches the 2-year lower trendline, or if price turns around and hits the edge of the wedge.
ATHM is testing the resistance zone between around $89-$92 at the moment. If it closes below the lower resistance zone , it could be an good entry for a short swing-trade. Price target would be at the trendline .
SFBS tested the trend line during the few trends, which has proven a few times to work as a support level.
Therefore I am going to go long with my TP being at $39.46 .
SL will be set below the low of the candle that tried breaking through the trend line ($35.06).
GNW tested the resistance zone between $3.67-$3.74, but it couldn't break through. I am therefore going to place a short trade, while my SL is at $3.75 and my first TP is at $3.00.
If GNW breaks through the minor support level at $3.00, next level to reach for would be $2.49 and then $1.98.
MBWM closed above the support zone, so it may be worth it thinking about a long swing-trade.
Possible SL@$19.09
Possible TP@$23.11
No investment advice.
GNW is in a resistance zone right now which has been tested several times before. If we close below the lower resistance level today, it would be worth thinking about a short swing-trade.
