Will stick to these trendlines until broken.
Ideally looking for a breakdown of support TL and back test making for a great short trade to potential double bottom.
If breakout up will most likely be quite sharp as seen with wedge ups. Can make for a great short fade to retest at which point i would watch for long.
The past 8 weeks have been red for AAPL
We have finally gotten one green candle and i am now on lookout to close my short.
Expecting this week to close a large green body candle we so desperately are over due for
Ill be watching the daily support levels for an entry. Last 2 days closed red, which retraced about half of the little bull run. Ill be watching to...
AMZN starting to get a little top heavy
Watching the 200ma (Red line) my expectation is either
1. Break this ma and retest it as support before continuing higher
2. Pull back by half its current move up. This would land around the 1614 support area.
Be conscious of a fake breakout over that ma. Personally id watch for at least 2 days of prices holding above...
Last week has been rough for SBUX having dropped $7 (12%) in a matter of 6 days. Now approaching the round level of $50 and losing its bear steam, we may see a short term bounce.
I've drawn a wedge down (bullish pattern) and would like to see a green day breaking this pattern before entering a short term long position with a stop below the $50 mark.
GM currently stopped on the major 200 day moving average. The overall long term trend is up. Having a choppy climb from $19 since 2012 I think this is safe long play.
Buying once couple days of strength in bulls direction shown.
Selling if break and close for 2,3 days below that 200 ma
Weekly at mega support of $40ish. Breaking that would be a strong bear...