TradingNomadic

TradingNomadic

Looking at a long into the 294.12 price resistance. Upper trend line is current support above 273.48 If we drop off that support, id watch 255.11, or the top of the paralell channel outlined. Id stop out below 255.11 and wait for a new entry on the bounce, or back down the the bottom of the paralell channel

TradingNomadic

Looking for support on the longer term lower trend line above 61.31 Id look at the trend line above it for a new resistance area until a possible squeeze above 71.33 A tight stop would be 59.11 and lower stops would be 55.12 or 50.85 depending on your time frame. Watch for volume to pick up with a RSI on the up. I dont expect this to be a quick play and i...

TradingNomadic

Target set for #Plug above 28.72 Im watching for a breakout off the current trend bringing us above the upper trend line. That is where i would expect resistance until its breached. Lower trend line under it would be expected support, with the bottom most trend line being a possibility if we fall out of trend. Id stop out below 21.78, if you want to tighten...

TradingNomadic

Good looking chart on the solar ETF #TAN. Clear trend lines, support and resistance. Volume has slowed down on the downside finding support at the middle purple trend. Resistance was found at the top of the channel at 88.35. With increased volume and continued support id say were headed to restest above 88.35 at the squeeze. Should we trend below the 83.24...