Noticed this stock on a recent screen. It shows a descending triangle nearing strong support ($2.12-$2.15) levels. Don't have a position on this and the company fundamentals look pretty good at the moment but a break below $2.12 would be very bearish from a technical perspective. Alternatively, if it bounces off the support level again it might be a good position...
Coming back from oversold levels after the most recent market wide correction. Money flow trending up. I've set a stop near the bottom support level and a limit at the most recent high for a R:R of 2:1. Good luck!
RUBI moved into overbought (MFI indicator) territory after a cup and handle formation. Will set a tight stop at the peak of the gravestone doji and look to sell before earnings. If this eventuates, it could form a larger cup and handle formation, something to keep an eye on after earnings is released.
Looking to enter a long position on SNA with a fairly wide stop. Price decreased after earnings but the long spinning top/long legged doji candle indicates weakness in selling and a possible reversal. Relatively low volume compared to previous earnings as shown on chart. You could set your stop a little tighter around the $149 resistance level to protect against...
A short on Lend Lease prior to earnings. RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
Uber is at a resistance point. Any strong bearish candle on Jul18 with big volume would be a good point to enter a short. If it bounces off the resistance a long position would have good potential risk:reward up to top resistance point.
Price is trending towards a well established bottom support with MFI (20) indicating oversold. Potential 50% return by the end of the year, depending on earnings . Look for multiple strong bullish candles crossing the 9MA line.
Bullish engulfing candle formed on 16Jul within the upwards channel. Low MFI indicates oversold and is moving higher (bullish). Look for an entry close to the bottom of the channel for a good risk:reward. Update your entry point and stops on a per day basis.
Looking to enter long trade at 10.16 with a limit at 10.70 (resistance line) and a stop at 9.89 for a 2:1 risk:reward. Potential 2nd entry on 17Jul at top of first bearish candle (10.29) with stop at base of 16Jul candle.