Cornerstone Building Brands, Inc. manufactures and markets metal products for the nonresidential construction industry in North America.
I'd say this is a great play right now, but you have to buy at around 6.40-6.50, with first targets at 7.60 (that mini gap), then up again at 8.75. You can hold some to see if it goes further, but it's in IYR, which is due for...
FANG - (Nasdaq) - Short for 35%: Current Price @ 84, Price Target (PT) = 54
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas.Oil is likely to fall this week.
Great Head and...
Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.
There is bearish rsi divergence here. Price is rising as RSI is falling. Last time this happened, it corrected down below white line 200 ema.
As for price action analysis, we're currently at a major resistance area. I see us bouncing off this level,...
My friend is doing a stock pick fantasy round, so I looked at a few stocks for him.
MAC - (NYSE) - Short for 40%: Current Price @ 28, Price Target (PT) = 17, then PT2 of $10 for a 60% profit.
A commercial real estate company that is performing badly even when Real Estate sector is at an all time high? (see it compared to IYR, the american real estate ETF).Let's...
Not a fan of this company, but it's had some good set ups in the past. It's a slow mover, and disappoints, but I think this set up seems likes not all is lost (after I jumped the gun this week and bought at the top thinking the breakout above 2.07 was imminent. Classic noob move.
First target 2.18, next target 2.45, next target 2.92.
While this company may be a good long term investment, it is bearish in the short term. This ascending broadening wedge is bearish. The gist is that its likely going to breakdown here (unless something CRAZY happens). The white lines are broadening wedge, while the yellow line is the daily/4hr trend (which it has now just broke support), and will likely retest the...
I know nothing about this company, but my friend believes TA isn't helpful and I want to prove him wrong. So here's the chart: let's see what happens.
My chat with him:
"You can buy right now and know to sell if it drops below 71.50, then if it breaks 75 it's easily hitting 79, then prob 83, then maybe 86
If it break 71.50, the first support is 70, then the next...
Weekly fib retracement and extensions make this a pretty nice technical play. Highest target is 28, with coinciding fib lines at $25 (plus it's nice round number, so prob going to get some heavy resistance). I'd put in a buy at 21.80, and hope to catch it.
I've been watching gold since 1280. It was either going to continue down to 1225, or break out to 1350. (I know, I know, the classic "it could go up OR down".) However, if gold breaks out, gold ETFs could rally big, which means large positions and safe moves (XGD, in Canada, has already broken out from $12.50 and could easily hit $16.00. Also confirmed by a very...
Nice play here. THere might be a slight pullback mid week, and wait to confirm candle closes above previous highs before entering. Ichi on the daily is big time bullish for the first time in a LONG TIME.
Based on ichi and a few other indicators, I believe we're going to bounce of the wedge we're making at around 16. This is 100% NOT A BUY right now, but I'd put a nice buy order at around 16.05 and play the bounce back up to about the top of the wedge.
ICHIMOKU CLOUD - We just signaled bearish based on the Ichimoku cloud (monthly). This has only signaled 4 times in the past 20 years. 2 of those times were big market crashes, the other is a false alarm, while the latest one still has to be confirmed (waiting until the end of May, 2019).