I went long BIG based on the Bullish Candlestick Patterns and the chart pattern on the 30m timeframe. In the past 2 days, BIG has printed 2 Inside Day Candlesticks in a row near highs. These candlestick patterns are a predictor of future volatility and usually prices goes in the direction of the current trend. Zooming into the 30m timeframe, a flag pattern is...
Speculative names have been getting a lot of attention and $CGC is another one of them. I went long $CGC today due to the nice basing pattern. Weed stocks such as $CRON and $CGC have been in a period of distribution for the past year and recently there have been signs of accumulation in these stock with three high volume green candlesticks in recent months. ...
I went long DSSI today in the morning, based on yesterday's price action. After failing to hold highs DSSI has been in a pullback phase for the past week. Yesterday DSSI printed an average to high volume hammer at three key levels; the 50 DMA, the original breakout trendline , and 38.2% Fibonacci retracement level. My entry was 15.44 with a stop loss at 14.80....
Recent IPOs and speculative names, such as $BYND and $UBER, have been gaining some attention these past few day. Other than being a speculative name, $DT has an amazing long setup. Recently $DT broke out of it's flag pattern and made new highs for the first time since it's IPO release. $DT pulled back into the breakout area and held with a beautiful Hammer...
I entered a long position in $LX based on some nice patterns I've been stalking for the past 2 days. $LX recently made a new 8 month high and pulled back into the 14.50 support area. For the past 3 days $LX has been consolidating right above this area of support with 3 inside candles in a row on the daily chart. On the 30m chart, $LX developed a coiled spring...
I started a position on $SPLK towards the end of day due to some really nice pattern. It had recently broke out of it's 8 month base and consolidated above the $142 area. After holding support at $142, $SPLK made a nice flag pattern and rose near highs today. $SPLK is also pivoting off the 21 EMA which is always a strong bullish sign. Being the first flag...