mrezaei

mrezaei

NYSE:GRAM has broken the ascending trendline and fell through the first support. Now, lets see which one of the two scenarios that are outlined in the chart will happen.

mrezaei

This could be a good long opportunity to earn couple of bucks a share,

mrezaei

The falling trendline in this triangle has been touched numerous times and it all got rejected. I will be looking to see if it happens one more time and I will be entering for a short position for a target of $161 or $140.

mrezaei

Well, lets see if this gets to $38.50, its extremely overbought already but everything could happen , anyway, it could present a good short opportunity.

mrezaei

I will be watching this closely over the next two days and wait for the price to get over $46 one more time then enter in a short position for a target of $38.50

mrezaei Updated 

This could present a decent long opportunity if the price gets to $80 level. There is a gap that could be filled at this level and provide a good opportunity

mrezaei

We've got a little head and shoulders going on here and as long as the neckline is not broken, we could enter for a long position for a target of $30. We have also a bullish divergence going on with the RSI, so, I will consider entering a long trade if the price touches the neckline again. Also, if the neckline is broken, we could short for a target of possible $23.

mrezaei

Alright, this is a good opportunity if the freakin' INDEX:SPX let us. Price has held $42.50 area nicely and there is a bullish divergence going on with the RSI. Monday's open could present a good opportunity to go long. Let's see.

mrezaei Updated 

Well, this thing got lucky today the market was up. I will give it another day, if it can't close above the support, I will sell it for a target if $52.80 ~ $53

mrezaei

What we have here is a double top at gap fill level while RSI is pointing downward. I think this is a great short opportunity with the whole sector being in a downtrend.

mrezaei

Alright, what we have here is a classic long candle and doji pattern inside a bear flag. This pattern indicates that buying power is diminished and a gap down tomorrow could signal a shorting opportunity with stop loss above the flag.

mrezaei Updated 

It looks like we have a double bottom in hand with NASDAQ:GILD at $82.76. It has held this level pretty good despite the market turmoil in the past three days. RSI indicates oversold and a gap up tomorrow can be a signal for a potential rebound to fill the gap at $96.91 or more likely retest the previous support at $93.3. I will consider getting in tomorrow...

mrezaei

NYSE:CI has held the $124.5 support very well for a while but it looks like the price is in a descending triangle. If the support is broken, there is a potential for a big move down to $90. or we can have another up leg from the support and then go down. Lets see what the market brings us.

mrezaei Updated 

$DE is in an ascending triangle with a potential to fill the gap up to $90.50. I will wait and see if the price breaks above the triangle at $84.90 then go long for a target of $90.50. A more aggressive entry could be the point where the price touches the rising trend line, lets see.

mrezaei

Well, $F has been in a falling channel for quite some time now and we missed shorting when it touched the upper trend line, but we have another chance here. The price has broken the short term rising trend line (after touching the long term trend line) and if the price closes below $13.07, we can short for a target of $11.07 or possibly lower. lets see how it plays out.

mrezaei Updated 

This is going to be a good short if the price action gives a bearish signal. I am going to be looking at the price between now and $25.92 level. My SL would be above $27 and target $21

mrezaei

Lets see how this plays out. Gold had broken out of a flag pattern and will possibly run higher after pullback to $1228 level.

mrezaei

The predicted turning points of the pattern are in-line with recent support/resistance levels, so, it might turn out profitable, maybe.