Slightly more bearish than bullish for a few days/ weeks.
WBAI expected to open at 23.50 which clears all recent and significant support. MANY profitable bearish traders, so wait for retest. Look for bearish break off of 10 or 20 ema after 30 minutes or so for entry.
CZR expected to open in the mid 16.30's which is close to resistance. Expecting an early bearish move before bullish break. Make sure you have a good reward risk ratio. If it gets above 16.50 could take off.
JMEI expected to open around 19.20 which clears a very long term support line. Expecting many bearish trades to close for a profit which should drive stock upwards in the first 30 minutes. Look for bearish break off of 10 or 20 ema.
GPRO expected to open around 73.39 trapping short term bullish traders. Expect retest and bounce off of 74.06ish and/or 10 or 20 ema.
BBY expected to open at 37.90 clearing a lot of pivot points. Many profitable traders may exit on open so wait 30 minutes or so for stock to bounce off of 10 or 20 ema
MAS expected to open at 24.5- trapping a lot of bearish traders. Careful Retest gap - watch out for resistance between 24.45 and 24.71
Gap is bullish. Buy the bounce on the hourly. 13.50 is a good retracement area. Stop would go in the gap 14.25 good area for a target and or to move your stop. Ultimate targets are 14.52 15.22 16.34
Gap is interesting. More bearish than bullish. Stopped out a lot of traders (and my analysis). Going to wait and see what it does. No trades on TSLA for me. - JN
Break out of an accumulation phase. Retest. Kind of an ugly retest. Let's see if we get a MSR or OWS or something strong off of the support.
Stock is breaking out of a distribution phase. Very bullish candles and volume. Buy the bounce / retest.