brianmontgomery

brianmontgomery

AAL had traded sideways and back down to the SMA50 in the past 10 or so trading sessions. Upon reaching the SMA50, AAL has found some bullish support ending the week on a fairly bullish candle to bounce on the SMA50. If AAL can close above the 37.00 mark and knock out the resistance of the past couple of weeks, it may have some room to run (I've added some...

brianmontgomery

SBUX broke through the SMA50 on 2AUG and has traded down to the neckline of its recent bullish gap on 29JUN. If SBUX breaks this support price at 55.34, I will look to diagram a bearish trade on SBUX. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.

brianmontgomery

With a pretty indecisive day to close out the week X has been trading somewhat sideways, somewhat in a flag. If X breaks higher from this and can beat out the MAJOR resistance at around the 27.70 level, it doesn't have much resistance points to stop a run. If we break out of the 27.70 I will look more into diagramming possible trades. This idea and analysis is...

brianmontgomery

On 4AUG I diagrammed a possible trade set up with less-than-optimal Risk to Reward ratios. During trading on 5AUG, MU met some serious resistance that stopped all bullish progress on the 5-minute chart. This battle is making the already not-so-high first target of the trade set up seem more daunting. It may take MU some time to build up some more bullish support...

brianmontgomery

This trade is a paper trade for my Back to Basics Trading Challenge. I am not truly long on this trade.

brianmontgomery

MU is having a strong day today on a bullish retest gap. Anyone trying to short in the past week is likely losing money. However, the short term target leaves things to be desired in the R2R ratio. However, if MU can break the resistance at around the 15.00 mark, it has a lot of room to run.

brianmontgomery

TWTR has been bullish since 27JUN. It had a HUGE day on 3AUG which completely blew out the SMA50. During that day, on the 5Min chart, there was strong resistance at the 17.50 mark. It traded down upon open today 4AUG and gained positive support near this level and breaking yesterday's resistance. TWTR is showing bullish at this point, but I'm not sure how far we...

brianmontgomery Updated 

AAL is up on an earnings beat and is showing signs of resistance. There has been a lot of indecision the past several trading sessions and the momentum may be slowing/changing. I will be looking for AAL to either bounce of the EMA 50 or break out bearish on a cross. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50...

brianmontgomery Updated 

MU has been headed towards its EMA 50 after a bearish reversal. I will look to buy the bounce on the EMA 50 or to enter bearish on a EMA 50 cross. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.

brianmontgomery Updated 

TWTR may be experiencing a bearish bounce off the EMA 50. I will look to enter bearish if the reversal continues or look to play a bullish cross of the EMA50. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.

brianmontgomery Updated 

X is killing it after a big earnings beat. I would enter a bullish trade on X if it pulls back and maintains its bullish trend. It seems as though the EMA 50 might catch back up to the price and could provide support or become resistance on a cross. I will need to see more before I would have enough inclination to enter. This idea and analysis is part of a...

brianmontgomery Updated 

SBUX is nearing its 50 EMA after a mildly bullish rune since early July. If SBUX crosses the EMA 50, I will look for a bearish break out. Otherwise, I will look to buy the bounce. This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.

brianmontgomery

Three times in the past couple of months UCO has followed a stair type pattern where it will bounce off resistance, break the resistance and then use it as the floor for it's next "step" up in price. Will this pattern continue with the resistance level that was broken at the $13.00 mark?

brianmontgomery

Apple is coming out of an ascending double bottom pattern from February and is testing the SMA50 point. We are breaking out of the bollinger band spread and bullish gapped up with a gap and go.

brianmontgomery

FB has been on an 11 point bullish run and gapped up in a bullish retest gap at open today. With all time high looming 7.30 points above our current position, I would like to see a pullback before entry. If, over the next few days to a week, FB pulls back, I will be looking for bullish reversals around the EMA50 or the SMA100 levels. Overall though, I am bullish...

brianmontgomery

On 18FEB, HD bounced off the linear support and SMA200. Next day produces a bullish hammer candle. From this point there is evidence to argue bullish and bearish. The EMA50 seems to be a strong resistance (12JAN, 29JAN-03FEB) for HD and could be a cap for bullish trend that HD has been presenting. Additionally, the past three days have shown relative highs...

brianmontgomery

HD closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200...