Putting out a swing trade idea and showing you my secret tool. Doing technical analysis is a tedious work but it can be made simpler when you have the right tools. Giving you guys the glimpse intro of the scanner I use. (Click HD to view in better quality)
Don't get too excited for oil to jump. Price still trading in the price channel. Need more confirmation. I do like that volume is picking up so definitely lot of volatility. Remember, there are always day trades in both directions. They could be played based on where price opens and picks its daily direction.
Its ok if you are scratching your head because charts like these are suppose to make you think the one that is doing the technical analysis knows their sh**. You really don't need all that what's on the chart but people like to see stuff being twisted around so that they can get impressed. Enjoy.
Looking at bearish pattern in downtrend. It just did a throwback as expected to downside. Target around 11.24-11.68 range. Keep an eye on earnings. Setup is giving minimal risk and high reward setup as of now. Watch more action on my FB wall at facebook.com