shomikghosh2

shomikghosh2

My short term target for Facebook is $59 with the cup and handle on the daily, as you can see from the 15-min chart, this cup and handle is forming which volume confirming giving it a strong chance of breaking to new all time highs, the monthly open interest of 55 calls is concerning as market makers will try to pin the stock below this but with good volume and...

shomikghosh2

Facebook looks great right now, I have not traded this name before but the clear cup and handle on the daily is a great sign of new highs to come for this stock especially as it gets added to the S&P 500 and 100 indices, the cup has a height of approximately ($6 on the conservative side) giving a target of $60 from here, i expect some profit taking up here at...

shomikghosh2

CMI is a classic example of a stock in a box, currently the stock is testing the upwards end of this range, breaks of these boxes can be very powerful moves as this consolidation period has everybody waiting to see the direction it breaks in, look for some follow-through here in the next few weeks, if it breaks to the upside with strong volume then this stock is a...

shomikghosh2

BMY looks like a great buy to me right now, the stock has been on a tear recently although it has been stair-stepping higher (see Apple) which is very healthful for sustaining its rally, the fundamentals on this stock could not be more impressive with a $7 billion drug in the pipeline plus an already multi-billion dollar drug launched last year, the stock is...

shomikghosh2

It's hard not to notice the large golden cross that has just occurred in peabody's chart which represents a reversal of a huge downtrend from before, the stock is now retesting the earnings gap with the 100 dma as support, the MACD looks to be curling up with the RSI rising, this is a strongly bullish chart and should have a chance to test the 20.5 level in the...

shomikghosh2

Visa ended Friday at the top of its candle on stronger than average volume, recent up days have been followed by low volume down days that have only retraced some of the candles, RSI is strong with the MACD curling up, this stock is at the top of breaking out from a box on the daily, i expect some mild profit-taking up here but the stock looks primed to explode to...

shomikghosh2

This may be one of the most blatant cup and handles i have ever seen, buying has been on large volume and selling has been on low, relative strength through this weak market has been incredibly impressive, looking above you can see that the cup has formed nicely and now the handle is happening as sellers take profits, watch this thing closely to explode upwards...

shomikghosh2

Disclosure: Long TSLA shares from $141.9, Looks like a cup and handle is forming on daily with a trough to cup height of at least $10, meaning target from here is $150...on the conservative side, the 50 ma cross from above of 100 ma is worrisome but short term rising RSI and MACD looks good, 8 ema also crossing 21 ema, so maybe 50 ma acts as resistance now but a...

shomikghosh2

Siri has just lost a key level on strong volume today representing the 200 day moving average and a huge uptrend, siri has also closed outside the bollinger band with RSI dipping and the MACD curling to the downside, watch this closely this week to see if a bounce takes place, if not and this keeps closing below the 200 day then short at will with a stop at the...

shomikghosh2

I like to keep technical analysis simple, sbux made a clean break of its 50 day with next support at the 100 day which is at 76.29. This is one of those stocks that is a hedge fund darling with growth continuing to exceed expectations and the company itself INNOVATING in the COFFEE space. I mean that is just unheard of. Coffee and innovation. Because of this, I am...

shomikghosh2

Disclosure: Long Jan 85 calls, Short Dec 85 calls with stock at 76.8, SINA had a huge bullish engulfing candle on Dec. 10th probably due to TWTR strength, volume confirmed the move although the 50 day still stands as resistance, todays pullback is on lower volume and is healthy for the bullish engulfing yesterday, chances are this will break above the 50 DMA in...

shomikghosh2

I entered P Jan 28 Puts today with the stock at $28.4, my target was the 50-day at 27.4, im still holding this short as the volume is large on this selloff, 8 ema looks to be closing under the 21 ema, macd is below the signal and RSI is dropping, i think in the next couple days on market weakness stops should get hit and this should fall past the 50-day ma

shomikghosh2

I went long some HIMX Mar 2014 12 Calls this morning. The daily for the past couple days is setting up a great cup and handle pattern with a flat top pattern as well around 11. The good volume today rising RSI and MACD look to be a great setup. At these new highs, the stock may trade sideways to down for a little but will probably shoot up after the sideways...

shomikghosh2

As I posted a while back with the stock in the low 12s, GSVC was in no man's land until it reached the 200 day moving average. At that level, it would probably be a good time to try a buy with a tight stop at $10. Today we got the bounce in gsvc, however, the volume is still too low in the name to confirm a clear bottoming pattern. For those who would like to try...

shomikghosh2

This stock has bottomed on expanding volume in the low 13s after taking a huge drop post an earnings miss due to high expectations. Nuan continues to be in a long-term downtrend with a death cross occurring a while back that has yet to be negated. However, today with a vol-stop buy indicator, a rising RSI and MACD that looks like it has bottomed and starting to...

shomikghosh2

I personally have been long feb 25 calls in this name for about a week now, a small MACD reversal looked to be happening but then reversed, now you can see MACD is curling up and crossing the signal along with rising RSI, TMUS is currently above the 50 day moving average and a close above that would be nice confirmation, midday the stock has already traded half of...

shomikghosh2

TLT recently printed a vol stop buy on its daily, MACD looks to be curling up, 50-day is rising with TLT pressing right up against it, i think bullish indicators for treasury will be December fed meeting saying no taper, more money flowing into treasuries into debt ceiling debate, FOMC minutes tomorrow should be a good catalyst to load up as well

shomikghosh2

Right now, GSVC is in no man's land. Well below its 50-day with the 8ema crossing the 21 from above is bearish for the stock, support for the stock should be found at the rising 200-day at 10.28, this stock has recently broke its uptrend with significant volume, bottoming play may be coming with RSI bottoming out and MACD reaching extended levels, keep a watch for...