ericsolan

ericsolan

$ROKU is breaking out of its long-term trendline along with some increased volume. Long trade here with a tight stop under the latest pullback

ericsolan

Downtrend has shifted to an uptrend. Descending trendline has been broken, however volume is low so a tight stop will be used below the most recent fractal (low)

ericsolan

ERIE broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward. Factors leading to the decision: Major trend is down Minor uptrend looks like it was a relief rally, and price broke below it in the past 3 days 20-ma was recently lost, pulling moving average traders off the sidelines The recent high fractal...

ericsolan

TOWN broke its recent upward trendline today, creating a short trade possibility with a small risk and high reward. Factors leading to the decision: Major trend is down Minor trend was up, and today price broke and closed below it 20-ma was recently lost, pulling moving average traders off the sidelines The recent high fractal pattern is also at the...

ericsolan

As PDD broke its major downward trendline , a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: - The recent downtrend has been broken with decent volume - The 20ma was broken and held, pulling in moving-average traders off the side-lines - A recent low offers a perfect spot to put a logical...

ericsolan

ATSG recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward. Two targets are set for $10 and $6.50 as the big target, however like most trades it's better to let it run and trail a stop behind Factors leading to the decision: Price recently broke below the 1-year uptrend trendline Heavy volume as it...

ericsolan

As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent downtrend has been broken with very heavy volume The 20ma was broken, pulling in moving-average traders off the side-lines A recent low offers a perfect spot to put a logical technical...

ericsolan

CRSP got some attention a few months ago with the Netflix series "Unnatural Selection" in which it melted up for a while before crashing down on profit taking As CRSP broke its minor downward trendline and came back down to a retest, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent...

ericsolan

TECH recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $190 Factors leading to the decision: Price was rejected trying to make a new high in January,...

ericsolan

As SJM broke its minor downward trendline and came back down to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken The downtrend was broken after a few bounces off of major support that's been important for months The 20ma was broken, pulling in moving-average traders off...

ericsolan

As ERY broke its minor downward trendline and came back down close to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken, then price came back near the trendline to test it Price has re-attempted the recent high, showing strength A recent high offers us a place to put a logical...

ericsolan

As HES breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $43 Factors leading to the decision: Price was rejected trying to make a new high in November, creating a new major downtrend ...

ericsolan

As F breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8 Factors leading to the decision: Medium-term upward trendline broken A recent small retracement created a lower-high which is an...

ericsolan

As QLYS breaks its minor downward trendline , a long position is entered with a tight stop. Factors leading to the decision: Long-term trend is bullish, medium term has been sideways As we're nearing the top of the sideways range, approaching the resistance at 90 and 95 might offer a good opportunity for an even bigger breakout A recent small retracement back to...

ericsolan

As LH breaks its minor downward trendline , a long position is entered with a tight stop. Factors leading to the decision: Major trend is bullish Medium-term downward trendline has been broken and retested A recent small retracement back to the trendline AND 20ma created a higher-low which is an ideal place to put a tight stop for the trade 20 SMA was recently...

ericsolan

As GNC breaks its major upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down Factors leading to the decision: Long-term upward trendline broken Decent bullish volume showed up at the trendline break, noticeable to traders looking for a sign...

ericsolan

As PYX breaks its major downward trendline, a long position is entered with a tight stop. As this trade progresses, shorts will be forced to cover, creating a potential for a parabolic move north. Factors leading to the decision: Long-term downward trendline broken Decent bullish volume showed up at the low, noticeable to traders looking for a sign of...

ericsolan

As CHMA breaks its upward wedge pattern, a short position is entered with a tight stop. Factors leading to the decision: Huge rejection at the ATH, creating a new major down-trend Lower trendline of an upward wedge has been broken Heavier bearish volume showed up at prior dip, getting the attention of short sellers Price came back up and re-tested the...