EXPD potential Buy setupReasons for bullish bias:
- Price bounce from strong support
- Price respecting long-term trendline
- Entry at LH breakout (DOW)
- Strong bullish candles formed at support
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 120.97
Stop Loss Level: 114.20
Take Profit Level 1: 127.74
Take Profit Level 2: Open
EXPD
EXPD-1.6*PWR $EXPD (Expeditors Intl) vs. $PWR (Quanta Services)Quantamental Tools for Proprietary and Retail Investors.
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Long 100 $EXPD
Short 160 $PWR
EXPD - H&S formation short setup EXPD seems forming a beautiful H&S formation & right now its breaking down its neckline. It also seems a potential Large frame H&S formation. We think it has good downside potential.
EXPD - swing long ideaStop will be either at line drawn on the chart or 50 SMA. Nice entry point with slow sto pattern bouncing off of 50 SMA. Will look to re-test recent highs and break out to new highs.
EXPD The short trade recap - PT 1 hitThe previous idea we shorted stock EXPD
Trade levels on the chart., entry, stop and PT1
The trade is still active with the remaining of the position depends on which plan is executed on PT1.
Plans are in the original idea post.
The trade is in the money and today after close i will update the new trailing stop.
EXPD high chance of floating supply to short This stock is very interesting.
As drawn on the chart the stock paid a visit back up to the high volume area which previously sold from big money.
The pull back was on very low volume. this means there is no more buying interest in this area or absorption for the trapped holders on the high volume area.
Notice at point A on the chart there was a big spike in volume which made a up rally outcome.But this very high spike in volume on point A also means that there is heavy supply floating in the stock.
now we got a low volume rally up means no more buying pressure and this will lead up to a nice short chance .
The Plan in case of getting nice open to enter.
Note : if the stock open gap down DO NOT ENTER and STAND ASIDE
If we we get a nice open price then:
Exit 50% of the position at PT1 and PT2 will be on trail stop. Do not trail the stop untill PT1 is hit
plan 2 : At PT1 exit 80% of the position and the remaining on a trail stop.
you could execute what ever plan you like from plan 1 or plan 2
EXPD Day Trade (Brad Reed Dec17,2014)Expect EXPD to open at 42 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com