27.30-27 entry. Have wedges on both daily and 60. Not yet oversold of daily so watch for pull back
a little yet.
Notice recent support around 27 and new trend line (red) starting to form. Less risky entry would be around 25.20
and lower trend line support.
We could see a nice break out above the trend ...
UPDATE to my previous posting. Looks like the H/S topping pattern is playing out vs. going long. Got a break of the neck line today and not much support underneath. Could this free fall for a while yet?
Potential sweet spot. Three trend
line intersection. A little more risky
but watch for a strong tech day
and first bounce of Stoch. Could
easily see $2. If a fail of these trend lines
occur, we could see a big drop as we have
a H/S top
Interesting chart. Made a bullish hammer on 12-6, has two trend line supports. Will watch for Stoch cross
over. Might scale into this Friday to see if we get bounce. Otherwise, a move to lower tend line is a lower
Would love to see this come down to 40.65, lower
trend line. Adding to watch list for next week as stoch
and trend line touch have been working well. Only real negative
is daily is getting overbought.
Getting close to buy zone area around 40.70, bounce off trend line. Could get a 50 cent scalp.
Getting overbought-looking for short on weakness in market Also a downward wedge is shaping up
which could be bullish after one more pull back to lower trend line and oversold Stoch, then
will watch for channel breakout of the wedge.
Time to short today or monday. Market strong today so could see a move up yet but think we will
reverse as this channel has been working well. Could see a 50 cent move down to the 16.20
by next week.
Broke channel line but still think we will see a pull back and then we could ultimately go higher.
Got oversold quickly but price did not
move down much. Nice daily set up
with Stoch just crossing over on 60
Add to watchlist and wait for a day
when financials are leading and if
it holds the 20 MA. Second option is
pull back to the lower trend line at or
DE pull back based on earnings but DE never
is exciting about earnings. Nice triple intersection of
trend lines could see a move back up next week
60 min oversold, don't expect much today add to
watchlist for next week.
Good chance of breaking upper trend line
with support underneath. Plus Stoch already
oversold and getting cross over. Daily also
oversold. Like to see a break of 86.25.
CRM reported good earnings tonight so this could
breakout some on Friday
Looks like we are rolling over on the 60. A move to 48.22 would be a nice entry. Might short down to this level if we don't follow through right away in morning. Can get 75 cent scalp. Daily looks good w/double stoch all over this at 48.22.