NKE has formed a double bottom. NKE looks like it has found its way. MACD cross and decent OBV recovery on the lower timeframe charts. I expect this to hit somewhere around $82
This is the kind of stock that I like to find. A confirmed eve and eve double top. MACD has crossed downward. OBV has flatlined. I expect a throwback in the coming week or two. However the over all trend is down. There is a zone of resistance between $13-$15. I would look to take profits around there. If the stock pushes thru the zone I would re-enter with a...
I like AMAT. It has formed one of my favorite patterns: They bullflag. MACD looks good. OBV looks good. Trend looks good. Daily Daily looks good. trend is up. MACD is up. OBV is up. Weekly MACD is about to cross up. OBV is ok. Trend line is up.
Go BIG with this one. It looks good on the lower time frame charts and could see some improvement on the higher time frame charts in the future. Weekly MACD looks good and so does OBV Monthly MACD looks good, but has yet to perk up.
I like this stock. It has formed a inverse H&S. OBV and MACD both look good. I think you could ride this one all the way into overhead resistance around $40. If it breaks thru resistance you it could skyrocket. If it does not break thru resistance, no worries you will have made you profit. Daily Notice the macd has formed a nice upwards channel and OBV has...
This stock performs poorly on the daily and weekly charts. On the monthly chart you can see the stock is closing in on a double top ($43.38). This stock could down all the way into the single digits.
BSPM is my interesting find of the day. There is nothing really spectacular about this stock except for the dichotomy between the price action and the OBV. Look at the at OBV! Someone is buying is large blocks and yet price is hardly moving. Look at the recent price action. The stock is starting to move in a series of higher lows and a few lower highs. It looks...
I am cautiously optimistic about this stock. It looks like it is forming an ascending triangle with a inverse H&S. However, none of the patterns are tight. Further when you scroll up and down the time frames, they have some oscillator and trend inconsistancies that I prefer to avoid. 15 minute Hourly Daily The MACD is peaking up on this one! There is...
NI has formed an ugly declining H&S. When the right shoulder is below the left shoulder, this is a good sign the stock will go down further. Looking at the MACD and OBV, both signal this is a stock in decline. I see support somewhere around $22.00. That number matches up with the November 2016 to February 2017 horizontal channel and the measure rule. Weekly The...
AIZ looks like it is rolling over. I would not stick with this one. On the daily and hourly charts it has formed ugly H&S. I expect it will do a throwback in the next week or two. So maybe place this on a watch list and then make a decision. Weekly Looks ok, nothing particularly bushes in the stock Monthly Notice the MACD crossover and the Stoch RSI. Not...
This one is going thru the roof! Wow is it a rare find to see a monthly bull flag like this. This one is going thru the roof. It will be joining my 2018 collection. You can scroll up and down the time frames. They all look good. I wish I could tell people there is more complexity to this stuff. Bull and Bear Flags are consistent winners.
IT looks good. On the weekly it has formed a double bottom. On the daily you can see a bull flag. The over all trend is up. MACD and Stoch RSI look good. I am slightly concerned about the OBV on the daily, however, when I scroll up to the weekly it looks fine. Overall I would suggest going long.
EURN looks to be settling into a rounded bottom. We will need to watch this one closely. If you are one of those that think crude oil prices are going to go higher this might be a good stock for you to think about.
GME looks like it is tracking a slow death. Which is not good. I like this stock. I think it has a loyal customer base, but it missed the boat to digital gaming sales. I hope this one can turn around in 2018, but it might not. It might be the mini-Sears. It might slowly go the way of the dinosaur. Weekly MACD is flat. Stop RSI setting up for a down move....
TEVA has formed a nice V bottom. Over the past few days it has stayed on its upward trend line. On the daily, weekly and monthly charts the stock looks good. My profit target is the closure of the august gap. My stop would be any break of the trend line. Why? because bottoming is a process.... that can take a long time and have many head fakes. I think this is a...
Many of us have thrown GE out of the long pile and into the short pile, but there is some interesting activity on the chart. Weekly Notice the little green spike on the chart? Notice a MACD crossover? Notice the stoch RSI pointing up? Notice OBV pointing up? Further when you look at the 30 minute chart, notice the stair stepping pattern in the OBV and the...
I usually do daily or higher charts, but if found this nice double top on the 15 minute chart. Note are in the chart. Notice the throwback on the right. It looks like it failed. I expect the stock to head south. One note of caution. I peaked at the options chain. The bid and ask spreads are kind of wide. Really think twice about execution.
AGI looks like it is on a path to $0 before $100. Weekly chart shows a declining triangle as part of an overall downtrend. This suggest the stock will breakout lower. the stock continues to test the $6.00 support. I would say if it breaks below $5.80ish it will not return to $6.00 for a long time .... if ever. Time to let this one go if you own it.