RayTrounday

RayTrounday

Mean reversion day trade on the 6E. Entry @ 118015; Exit 118095. I expect that price will come back to 118500

RayTrounday

UPS is in Wave 4 of 5 bearish impulsive move. Target is lower 75-70

RayTrounday

Alector has completed a Wave 4 of 5 bullish move. Target is $40-45

RayTrounday

TRU has completed a Wave 5 of 5 bullish move. Recent price action was not able to take out the highs and earning was a surprise to the downside. I expect a return to the start of Wave 4 which is approximately 77.50. Target 75-77.50 from current levels once it completes the gap left between 90-91.

RayTrounday

HubSpot (HUBS) completed a Wave 4 of 5 correction and has initiated the final Wave 5 of bullish impulse move. Target 205-210 by early-mid April.

RayTrounday

ServiceNow (NOW) retraced to complete a Wave 4 of 5 impulse move. In the process, it filled the gap created by the impulse move from Wave. Target 390-400 by mid to early April.

RayTrounday

SPLK completed a Wave4 corrective move and is prime for a move to ~$195-200 by end of April.

RayTrounday

TXRH gapped higher with Earnings to complete a Wave 3. While I am bullish on the stock. I expect that TXRH will initiate a correction wave and for price to fill the gap that it left with Earnings before it continues to move higher to 80. Setting my initial target of ~65 by early April before it continues to move higher.

RayTrounday

Johnson and Johnson (JNJ) is at the start of a final wave5 of a long impulse move. Target 160-162 by end of March.

RayTrounday

I am not prepared to make a recommendation but I am intrigued by the company. It is in the renewable energy space. Fundamentally, the stock is a bit overvalued with P/E, PEG and P/B overvalued but it is in the solar energy sector. I am including my current wave count and would look for entry into the stock between 30-35 for what I expect eventually will reach $50+.

RayTrounday

UNP appears to have completed a Wave 5 bull move. Price action on 2/6 was not able to take out 188.96 high. In addition, price has broken below the 2-4 which provides further evidence lower prices are taking hold. So, I expect that price will return to the start of Wave 4 at 167.5.

RayTrounday

APA is in Wave 5 of 5 swing to the upside. Target 36 just prior to earnings, 3rd week of Feb.

RayTrounday

TWTR is in a Wave 4 of 5 impulse move down. With Earnings in the horizon, price looks to move lower to 24-26 by mid February

RayTrounday

H - Hyatt Hotels is in a Wave 4 of 5 impulse move. Target is 95-96 by end Feb early March

RayTrounday

BMRN is in a Wave 4 of 5 impulse move. Target is 98-100 by end of Feb early March.

RayTrounday

CHL is in an bullish impulse move. Price broke Wave 1 and it is currently in a Wave 3 of 5 pattern. Minimum target is the 100% extension of Wave 1 which is 45-46.

RayTrounday

SLV - Silver ETF is in a Wave 5 of bullish impulse move. Target is mid 19-19.50 by mid November.

RayTrounday

GODADDY is responding off a key level of support at 60. Looking for GODADDY to retest 68. Earnings coming up in mid November.