AYI cannot break 135 resistance level almost 4 times already. MACD is declining and in the past two weeks red volume bars are more dominant. Therefore, Maybe now it's the perfect time for shorting AYI. Stop loss is 134. 1st target is 121 and 2nd target is 112.
This is a risky trade as earning is around the corner. However, MACD indicates that it is about to drop. Maybe the put spread is a good choice to limit the risk, but it will also limit the potential profit if another bungee jumping is coming. stop loss is 95 and 1st target is 90.
Recent drop due to bad news about AMZN may be temporary only. Currently FDX is hovering around the bottom of its ascending channel. If the hourly price close above 178.80, it may be an opportunity to get back in for a ride at least to 189.50. stop loss is 173.
CME is likely to bounce back from support as it has happened 5 times in the past. 1st profit target is 181 and if it break this with strong volume, I think it will go much higher. stop loss is 174. I think this will be a good trade.
I think AAL is likely to go down the price is just below the long term downtrend channel and it is recently broke its 30 minutes wedge channel quite strongly. short term target is 34.60 but it's still get a lot of potential to go down further I think. stop loss is 36.60.
GRUB has been slowly climbing up eventhough the ascending channel was broken by sudden drop but the drop was actually a strong bullish candle. There is a good risk reward ratio here with profit target of 97.5 and stop loss at 76.
Currently DIS is hovering around the support area and may bounce back out of its consolidation pattern ( descending triangle). I am leaning towards LONG position with tight stop loss at 108.5 and target around 113.
EPD has recently hit a resistance and it is confirmed with bearish engulfing candle. It also making lower high and lower low in the short term chart. It's going down slowly than I expected. My first target is around 26.50 and second target is around 25.8.