$QCOM just broke above a consolidation area it's been digesting for about 2 weeks. I started a 1/2 position at $82.05. My stop is going to be very tight at $79 since these types of breakouts are prone to failure. However, I like QCOM's story so I'm willing to take a chance here. This is a swing trade for me so I'll look to add on a push and 5% gain to a full...
I just entered half position looking for skyward move. It cleared recent highs and is just a few $$ from all time highs If it clears last all time high I'll go to a full position. Entry $91.01. Stop below yesterdays low. Ideas, not investing advice.
I think the chart says it all. Nice consolidation for a few weeks here. I'm looking for this to breakout to the upside out of this box. I'll be looking to start a position over $107.50 if it can break with volume and the general market is still looking good. If it breaks the box to the downside and has a substantial close below the 21 EMA my thesis is wrong....
I opened a position in this just before closing at $57.99 I like that it held it's gains going into the close. It's a decisive breakout on earnings. Let's see if it holds. My stop is low of day today.
I like how $LSCC has had a nice long period of consolidation. It seems to be breaking out here on earnings after stumbling a few weeks ago. I opened a 1/3 position today as I like the strength of the follow thru. Entry $21.50 Stop $19.99, just below today's low. I'm hopeful to bring this to a full position over the few days to a week. I'm looking at a minimum of...
$IRBT is back to my action watch list. It has broken the downtrend line AND filled the gap. It's not actionable for me yet. I'll wait for a pullback, hopefully around $53.50 or so AND then resume it's uptrend. Once it does that I'll open a 1/2 position unless it gets too close to earnings which is likely. I think earnings are on Feb 3. Ideas, not investing /...
I liked how $QCOM broke out from it's down trend line over a week ago. I was waiting for it to hold and pullback then resume it's up trend. It did that today. I've opened a 1/2 position today at $91.42 with a tight stop loss of $89. I'll be looking to add to the position if it continues it's up trend. I my exit this trade prior to earnings depending on how much...
Looks like we may have about a 6 to 8 week cup w/handle here. I like the way it's shaping up. I'm looking for this to clear the $27.10 level. One for the watch list.
I had drawn a rising wedge pattern a few weeks back. Then it broke higher than the wedge and pulled back in. I' asking for feedback from the community as to what we have now. Is it a wedge or channel. and if it's a channel, was that break above the wedge and pullback enough to change the picture?
I liked how this broke out yesterday with some good volume. I'm in at 108.36 with a Stop at $104 T-1 $117 T-2 $133. I'm playing this with the Apr $105 calls... Ideas, not investing advice.
This one may be worth putting on your watch list. However, it needs to break the down trend line and fill the gap before I'll go long. If it breaks the trend line in the next week or two it should also fill that gap. This could easily fail in the gap so, have to have lots of patience... Ideas, not investing / trading advice.
I'm looking for this to break to the upside out of this triangle. (It has a nice basing pattern too since earnings...) If it can do that and clear $46.40 I'll be looking for a long trigger. Ideas, not investing advice.
$PTON is to new for regular technical analysis so, I'm looking at what appears to be a Morning Star pattern. If this clears the $29.20 area it should have room to run to the old highs... Ideas, not trading advice.
I missed my entry when this broke above the triangle in December and pulled back a bit before resuming the up-trend. I've been patient and waited for a pullback. We got a small one and there is a Morning Star formation then a gap up today. I'm long at $218.98 with a stop at $210.00. Target 1 is $230 and Target 2 $245... We'll see how this plays out. Ideas, not...
I like $OKTA for my watch list. It's testing the lower bounds of a nice upward trend line (many ways to draw a trend line and it should be with a wide sharpie). If this can hold around this area and start showing strength I'd look to go long... Although, $FTNT is in this space and has a much better looking chart. Ideas, not trading advice.
This is a good one for your watch list. I'm looking for this to break up and out of this triangle. I'll be looking to for a long entry on a close over $36.50. This is also in the IBD top 50 list. Ideas, not trading / investing advice.
Looks like $BA is in a nice bull triangle on this weekly chart. I'll be keeping an eye on this and will look for a long trigger on a close over $379. After which it may well re-test the highs near $430. Patience should pay-off well here. If it falls below the lower trend line all bets are off.