WYNN like the rest of the market has gapped down substantially today. Stocks are rebouncing well, including WYNN. WYNN looks interesting as it sits on this area of support around $140 - $141. As long as the market continues to rebound from the gar down due to Trump's tradewar comments, WYNN could bounce frlom this area nad head back towards its' recent highs...
NVDA has gapped down substantially but found support at it's 50 day moving average. Stock has bounced nicely from its' 50dma - doji formed from this nice bounce - looking for the bounce to continue with a pop higher from this doji on 50dma
ADBE pooped higher but failed to hold. Should the market want a short term mini pullback - ADBE could be a good quick short through the low of yesterday - look for the close of last Friday to be a target around $282 - No Position - Watching for now... Good Luck, Trade Well
$HD - Nice several month sideway action - inverse Head & Shoulder with consolidation at high.
Stock is in a strong multi year uptrend and is now breaking out to all time highs on good volume
$BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!
$BIDU has a classic bearish H & S. It has now broken down from its trendline of the retracement (around $190 - $212) 1st target at 0.5 fib retracement hit today. Ultimately, traditional technical analysis would suggest an ultimate Price Target of close to $172. Let's wait and see. If you have any comments or queries, do get in touch... Happy Trading!
H & S now bear-flagging below the neckline. A break of $198 on volume could see further to fall.
If a next leg down is triggered then $ 170 - $160 range could be an initial target. No position at present...
Kite in a downtrend after a huge move from around $20 to $85+ with some big seling during the downtrend.
The downtrend started with some huge volume and is now hitting the downard trendline nicely. A couple of dojis on ths trendline may result in a reversal to continue the downward move. If this doji is broken below, the stock may well head towards $50 and then...
