We see a possible head and shoulders pattern forming here as we head into a strong supply price range. I think we will test 24,000 and head down. However, news can delay the decline so it is hard to be sure exactly when we will selloff again. We closed 1 point above the 20 day EMA so the open tomorrow should tell us if this week will be bullish or sideways...
Waiting for a strong reversal candlestick to indicate a bounce off of the resistance trend line. I plan on buying puts there and taking profits at my 3 targets.
I recently posted a bull flag idea, but that doesn't seem like it will play out. If it breaks $2.90 look to make some money on a head and shoulders pattern.
HRTX has been bouncing off of strong support at $15.77 for quite a while now. A hammer candlestick broke through support, but was rejected in a very bullish manor. Perfect entry for a long trade, but be careful because of the lower highs and the recent break through of the support.
After a bullish rally, $FOLD is consolidating around some resistance/support. Buy if it breaks $9.65. The gap is basically filled, but maybe it will be completely filled. Target is at $12.50 and stop is at $8.85.
GoPro looks to be creating a head and shoulders reversal pattern. It is bouncing off of strong support and I expect it to thrust to $11.44 before pulling back and thrusting up even higher. Money flow is increasing and stochastics show it is way oversold NASDAQ:GPRO
