Let's see if higher low can hold here and get a breakout through highs
Would love to get another shot at this under 19.00. Putting in lower highs in the channel from gap down. I get the feeling this has plenty of room to move up toward 21 if it gets out of channel to topside. Stop would be under bottom channel line.
Higher low today may be an area to short against, but a hold against the bottom between highs and a break of the higher lows trend could send this stock higher.
I believe that we are due for a minor pullback in the market before we can break out of the range to the upside. This would also help a case for an inverted H&S pattern. Could be a good entry point for the upcoming days. New highs will come after the pullback
VNO potential double top forming. Watch for a break below 101 and a potential retest.
Chesapeake Energy is coming up on the 6.9-7 area that has proven an area of support and resistance in the past. We recently put in lower highs around 7.50 after retesting the high of 8.00. If we break down though. 6.9, I believe we can see more downside toward 6-6.25. This stock also has the potential to move back up toward 8 if the 7.00 area holds in the coming...
Maybe this will work on an inverted right shoulder to complete the inverted H&S pattern. Will need to get back over 7.00 after consolidation for breakout area.
SEM flagging here after a good recent move. Could be looking to move higher. Target may be conservative since stock doesn't tend to make large moves, but a half dollar could be a quick trade.
Bottoming channel After a big fall, this channel may prove helpful to see if we fall further or start an upward trend.
Cup and handle daily formation observed in CEVA. Target around >36