Broke out of falling wedge on good volume. be careful as the upward trendline is too accelerated
You can play this as a range market, for now.. sell at resistance, buy at support. watch for a break out for either side.
I believe we are about to see HIIQ have another sell off. there are plenty things pointing to it.. 1. it came down on huge bearish volume 2. It is retracing up on lower volume 3. it just hit the 50% retracement level 4. It is oversold on the Stochastics indicator.. Don't forget to manage your risk/reward and trail your stops for maximum profit potential if...
If she manages to break out of this $30 support level with good volume, you will probably see it come down to the $26 Previous support level. It is a good opportunity for a short if it manages to fall through $30. price is probably headed to test the 200 EMA so make sure you take some profits into strength if you enter trade.
Watch for the small green trend line around 7.67, to get broken. if that happens, you might get a possible Long opportunity all the way to the 9.15 Resistance. I like how this stock is on a recent uptrend above both the 21 and 50 EMA and It just recently crossed the 200 EMA. if we manage to stay above this 200 EMA, you might see a strong uptrend.
Here we have a break from the upward trend channel and a support line at the same time, a good shorting opportunity as it may come down to test the 11.5 Support level
Fb just broke out of the resistance that had been holding it back since October 30th. Bullish Volume is greater than the Bearish volume, which is a good sign. if it manages to hold this new support level around $180, it is a good opportunity to go Long as long as it stays within the Upward trend channel(orange trend lines)
She broke out with higher than average "bullish" volume and is currently coming down to re-test that new support on lower "bearish" volume. It might hang around this price level for a bit, but Its a good opportunity to go long around 136-138. If it manages to hold on this support level, you will see higher prices as it can continue on the upward trend channel. If...
I like how she just broke out of recent resistance with a good volume pop and is coming down on lower "bearish" volume to test support. watch for a bounce on the area I circled and make sure it does it on good volume. If the circled support does not hold, watch for price to come down to the other support lines I've indicated with the red arrows.