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...
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,...
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...
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...
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...
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...
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...
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...
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 ...
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...
LULU seems to be setting up for a crash, retracing most of what it's gained in the past year. With earnings coming in a few weeks, I think it's time. I expect it to hit 110, if not retrace all the way back to 90's
Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of support in the valley around $164 SETUP: This is not a prediction price will get to 164. However, if it does, enter long. I call this conditional trading. ENTRY: $163.5 Long position TARGET: $170 (or anything close) This is an area below some...
Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of support in the valley around $6385 SETUP: This is not a prediction price will get to 6385. However, if it does, enter LONG. I call this conditional trading. ENTRY: $6385 Long position TARGET: $6530 This is below a low that could offer...
As REV breaks out of minor and major trendlines, a triangle can be drawn from recent high to the lower support line which has had multiple re-tests and rejections. As price breaks out of this downtrend, I expect short covering to accelerate as it breaks up through $25 psychological level and $25.25 resistance. As always, tight-stop and if it rips, let it run
As PYX breaks its major downward trendline, a long position is entered with a tight stop. Factors leading to the decision: Long-term downward trendline broken Heavy bullish volume showed up at the low, noticeable to traders looking for a sign of reversal A recent small retracement created a higher-low which is an ideal place to put a tight stop for the...
Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of resistance in the peak around $1850 SETUP: This is not a prediction price will get to 1850. However, if it does, enter short. We call this conditional trading. ENTRY: $1850 Short position TARGETS: Conservative - $1820, Riskier - $1805 This is the...
Levels of support typically produce a pop or bounce on the first touch. There is an untested level of support around $200.50. SETUP: This is not a prediction price will get to 200.50. However, if or when it does, enter long. I call this conditional trading . ENTRY: $200.50 Long position TARGET: $204 This is an area right below the next area of support left...
There is an untested level of resistance at 1750 left by AMZN on it's last drop. If AMZN gets up to that level again, go short on first touch of 1750 Entry : Short position @ first touch of 1750 Target : Congestion of support levels around 1700 Stop : Anywhere between 1760 and 1770, which is next level of resistance above 1750