I have had my eyes on NASDAQ:APPN for sometime now waiting for a breakout past the upper area of resistance. Hasn't happened. Now it looks like it is running into 2 possible support areas where it "may" reverse and head back to the upper range and maybe even breakout. I don't know. having said that, I will be looking for a reversal trade in the next few days....
NASDAQ:ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I...
I am long NYSE:NET with a half-sized position. I am anticipating a move above both the horizontal area of resistance and the downward sloping trendline. Looks to me to be a do or die here. The most positive thing on the chart IMO is the move over the upward sloping 40 Week MA. That will also serve as my stop area. See chart for thought process. Ideas, not...
NASDAQ:ZS I have most relevant info on chart. I have an alert set on the upper resistance line on the chart. It did exceed that but pulled back in this tough market. I will be looking for both the market to improve (who knows?) and NASDAQ:ZS to break above that area. The bad is both the market and NASDAQ:ZS did put in a lower low most recently. In any event...
Back on July 31st I published an idea that NASDAQ:NFLX may be breaking out. Well, it did for just a bit but that failed. Fast forward to today, 8/21/2023 and it looks to me that we “may” have an H&S Pattern with a clear neckline as I see it. It dropped below that line last Thursday and looks to be ready to test it from the underside. If it can get up, over and...
I have been keeping an eye on NYSE:TWLO for some time now. It had been in a downtrend with a series of lower lows. That changed last week when it put in a higher low. Now it has broken above the downward sloping trendline and Wedging Pattern. I’m looking to go long with an entry on a 5-minute chart. This got away from me this morning, so I’ll look for some sort...
Looks to me that NYSE:YETI may be ready to make a move higher if the market rebounds. So far today it is shaping up to be an inside day (the day’s not over). This may take a few days or weeks to develop so maybe something for your watchlist. If it does not drop below and stay below the range established after earnings, I will look for a good long entry. If it...
CBOE:SPX Is sitting right on the 10 Week MA (covered by sloping trend line) and on the up-sloping trend line 1. The next area of support comes in on the horizontal support line around 4290. Below that are both the 40 Week MA (white) and trendline #2. Visiting any of these areas would not negate the overall uptrend. Nothing says any of these will hold. They are...
NYSE:CVS released news today that Blue Cross of CA will no longer use them for prescription management. As a result, we have a big sell-off which may be overdone. TBD. I am looking at this as a potential U&R. I have it measured against the most recent lowest low of $66.34. I have an alert set crossing over $66.40. If that triggers and on a 5-minute chart and it...
NASDAQ:TSLA , I like trading this stock when it’s trending up. I am not good at short selling, so I simply do not do it. I’m looking at a couple of possible support areas on this chart. Of course, there is no guarantee that these areas will hold. Tesla is clearly in a down trend a well below the 20 Day EMA. I will be watching these areas closely for a reversal...
There is a lot to like about this NASDAQ:COIN chart. First, it has had a long stage one base (about a year). It seems to have established an area of resistance during that basing period. Then on July 11, 2023, it broke-out with big volume, retested the next day the then on July 13th it had the biggest volume day since May 2022. Since that breakout it has...
NASDAQ:PANW may be actionable here if it fits with your trading plan. I missed the big breakout (May 24th) and the run up after the last earnings report. It has now pulled back and based for 3 weeks and looks to me as though it is breaking that base. I started a ¼ size position Jul 27th and was under water by end of day, but it did not hit me stop. I added again...
NASDAQ:NFLX looks to be breaking out after a short consolidation period. This pullback, even though it had big initial volume, has been orderly and shallow. I went long ½ size position on Friday July 28 on the gap up open and made it a full-sized position today. See notes on chart for my thinking. Ideas, not investing / trading advice. Constructive comments...
NYSE:VTR broke out with a bullish engulfing candle on June 29. I like that breakout because of the engulfing candle, it took back the 40-week MA (White), it broke the downtrend line. NYSE:VTR was on my radar, but I missed the breakout on the 29th. I did start a ¼ sized position on the 30th on the pullback (in at 47.43). I added again today at $48.08 for a ½...
I have a small position from July 11 on regaining all shorter-term MAs in anticipation of a new breakout. It looks as though that may be happening today. See all my notations on the chart. What I like about this is that we have a nice long base lasting about 9 months. The 18 Month AVWAP is now right at the area of resistance and price is over both. The chart...
Looks like NYSE:VIPS had been basing for about 5 months before breaking out of resistance on June 6 on slightly better than average volume. Since that breakout and peak on June 15th, it has been pulling back to the breakout area. I like these retest entries. Depending on the market today and the performance of NYSE:VIPS , I will be looking to enter a trade on...
NASDAQ:Z I was waiting for a pullback in this name as I missed the initial breakout. It looks to me that it has / is testing that today. I used a 5-minute chart to make an entry after it pulled back and then reversed higher. I have a very tight stop just under today’s low which coincides with both the resistance / support line and the 21 EMA. I posted this idea a...
I have had my eye on both NASDAQ:Z & $RDFN. They are both breaking out today as well as several real estate stocks (see news below). I do not yet have a position in this, but I like it and will look for an entry on most any pullback. (I’ve noticed that most breakouts seem to retest the breakout area.) Here is what I see on the chart that makes this a top...