It finally brokeout of a long-term trading range on the weekly charts, but volume was not too good. It has been trading between 180 and 214 since December of 2014. Overall trend is up but there still may be some profit-taking before the breakout is in full force. Short-term support is at 210.65 and this may be a good place to place the stops. 7/17
Long-term is up and it is near a strong support zone. Expecting it to at least get near the 800 level if not breakout of it within 4 months. Set the stop around 672 just in case.
Not much to say. Look at the weekly chart! It has been on an uptrend ever since its inception and FB just bounced off of its support.
Not much to say. Look at the weekly chart! Uptrend ever since its been trading and it just bounced off its support. BUY!!!
The indices are near their highs and will be testing resistance AGAIN very soon. Major resistance is around 214 and the minor resistance is at 209.27. The support zone is between 181 and 188.
ETFC pulled back to the rising support and now is a good entry point for this uptrending security. Major support is at 24.98 and major resistance is at 30.72. 6/9 after close
Good entry for Microsoft. Support around 50 with target near 56. 6/9 after close
The market has been strong recently and is now testing the resistance of the upper channel. We will soon find out if it will bounce back down or breakout. 6/9
Home Depot recently broke its short-term support of 132.09 and a bearish divergence appeared on the weekly chart. This presents a good shorting opportunity with little risk. The long-term trend is still up so cover if it breaks out past 138. 5/26 after close
Now is a good time to get into Target with little risk! It is near its weekly support of 66.46 and the major trend is still up. The major support on the monthy is around 61 so I would sell if it closes below 65.50 and repurchase at a price closer to 61. My first price target is 72 within 4 weeks and my second target would be a continuation of the long-term...
Now would be an ok time to get in but I would wait and get in at 39. 37.71 is the major support and 45.83 is the long-term resistance.
MGM is turning around. Major support at 16.18 and it should push to 24 within 2 weeks. Sell half and let it ride when it hits 24. 3/13
The consolidation trend has changed and now the target is 240. Support is 200. I'll give it 2 weeks to hit the target. 2/25 after close