myfye13

myfye13

Looking for confirmation on a double top on monday next week. - Earnings on Thursday (4/27) next week

myfye13 Updated 

I see this pattern all the time, after an uptrend, what seems to be either a bullish flag or a H&S pattern forms. - After reaching a 52 week high of $53.74 crude oil has pulled back in consolidating fashion. - A head and shoulders pattern also has formed with the neckline at $52.66. - WTI broke that neckline today but on very low volume I believe this is...

myfye13

See previous idea

myfye13 Updated 

I published an idea on this a little while ago, with some minor modifications the formation still looks to be intact. Indicators show the stock to be nearing oversold territory. As an added bonus, a Morning Star Doji formed today, which would be confirmed with a gap up tomorrow. See the link to my original idea for more information.

myfye13 Updated 

After forming a perfect Head & Shoulders pattern, a larger Head & Shoulders is taking shape. The already completed H&S pattern is pretty much a picture perfect formation. - Left shoulder shows strong volume on the upside and lower volume on down days - The head shows increased volume on positive days at the beginning, but volume fades as ALK makes higher highs....

myfye13

Will use both 20 and 50 DMA as support

myfye13

Gold is hitting a trend line that began in 2011 (dark green line on daily and monthly chart) - Gold has been rejected the the trend line 7 times, however 4 of those time have come since july of 2017. - I believe with this all of the geopolitical uncertainty, gold will be able to push through but it will have to consolidate prior to the push up. - Major...

myfye13 Updated 

Disney has been riding the magic middle bollinger band (20 DMA) carpet ride since 10/21/2016. Today we closed below it. Every time there has been a close below it the next day has been positive. However, we are at the top of a long-term channel and based on the weekly indicators, the stock has been overbought for some time now (see below) I think the next few...

myfye13

After the unexpected outage at Syncrude, PGH managed to pop out of a 10-year trendline (yes 10 years!) with solid daily volume. The stock had a nice bounce after it reached $0.45 (not a typo) and rose up to $2.08 before pulling back in a nice channel, bouncing and consolidating at primary fibonacci retracements along the way. The bounce today came off of the...

myfye13 Updated 

After the great run NFLX has had over the past few months, the stock is trendline resistance. As the stock has made higher highs volume on these days indicates bulls are treading cautiously. I believe with earnings 18 days away that we could have a significant long term (6-12 months) decline in the stock price. Gaps need to be filled and no one likes filling...

myfye13 Updated 

After a strong uptrend, AMD has formed a Head & Shoulders pattern. Stock should consolidate for a few days before falling further. Do not enter trade until stock has broken the base of the H&S on a strong candlestick down.

myfye13 Updated 

After a nice uptrend, Vale has stalled and formed a Head and Shoulders pattern. Notice the volume on the uptrend to the "head", increasing right? But notice after the stock hit support for the second time (after forming the head) the second shoulder move up is rather mixed. Volume tells us a little bit more on moves up rather than moves down. You don't need...

myfye13 Updated 

Over the past year and a half TDC has formed what looks like a double cup and handle, where the handle for the first cup&handle formation is the cup for the 2nd cup&handle. Supporting Information: - Formation began with a large gap down from $36.12 to $33.03 on 8/6/15 - A strong resistance/support line (currently support) at about $30.70, which also constitutes...

myfye13

DIS is hitting trendline resistance as well as resistance at the 78.6% fib retracement level. CCI and Stoch both showing bearish signals and in overbought territory. With earnings not for a month and a half look economic and political factors will be at play here.

myfye13

- Stock hitting resistance at 61.8% retracement from multi-year highs. - CCI shows a bearish divergence. While this bearish divergence also showed up in the middle of 2016 and stock continued to trend up, this time the RSI shows the stock is overbought. I would expect a pullback to the original trend line, possibly back to 50% retracement before an uptrend is...