daveslow84

daveslow84

Price has made some serious moves up but has formed two interesting candles just below a previous s/r area. The most recent candle is unfortunately not the greatest considering yesterday was a green day and formed a hammer but I still think EWTX is overextended. An insider has also just dumped a large amount of shares which further supports my bearish...

daveslow84

The chart paired with the news makes me believe price may break down further.

daveslow84

This level (approx 35.40$) has shown itself to be effective on multiple occasions. Earlier this year price formed a double top which confirmed being bearish followed by two failed attempts to break above resistance again. Price is now showing weakness and indecision again close to this resistance... I would now enter short if price falters or, if a break should...

daveslow84

Great run and now consolidating at highs it hasn't visited in a loooong time. Moving averages have just crossed over into a bullish trend but still need some separation before truly showing a bullish longer term trend. The short term however is undoubtedly bullish. It has now formed a nice bull pole pattern... the question is, will Zynga go "BAZYNGA" or reject? I...

daveslow84

SIRI has had some good times as of late and has built a nice bullish pole pattern with a nice upsloping 50 and 200 SMA. However, it has just rejected from it's (so far) 52w highs at 7.23 so I am cautious... I like to have a roof over my head you could say, with blue skies nobody really knows where the top could be!

daveslow84

SIEN has had an amazing run despite negative earnings and is currently showing weakness/indecision at a key level of resistance. Switching to the weekly chart shows nicely where price has tested this level before. The last time it was above it and then came below this level price crashed HARD! I am bearish on this one... This could mean the momentum is drying out...

daveslow84

AMD has had an awesome run but is currently testing levels that have so far been crucial in beating down price... What price will do next nobody knows but knowing AMD it will probably be interesting! Looking at the weekly chart shows very clearly the two peaks at the higher level and the multiple times price was rejected off the level below that. Going short could...

daveslow84

After last earnings KKR was a bit all over the place but if the earnings report before last is any measure it once again shows that an earnings report means... nothing! (except be wary of forming an idea based on it) Price has formed a nice descending triangle after a run up. This could prove interessting!

daveslow84

Now American Eagle Outfitters could very well break out considering the bull flag pattern and kind of positive earnings report (not negative=positive?) but I also like "buying the dip", might be an even better way to get in before a breakout even happens... Perhaps do both?

daveslow84

UAA has had a minorly positive earnings report and has been in a nice uptrend since. After breaking out a few times and now forming the same technical pattern again I wonder if past events will repeat? We shall see...