Get started

HAS

Cable Monthly H&S - Wait for BounceThere is a clear head and shoulders pattern complete on the monthly chart for cable. Instead of shorting the pair immediately, I'd rather sell it from the 1.6 area to create a higher R/R and minimize risk. If we see a monthly pinbar for August I will be buying the pair up to this level on the 1-4 hour TF. There's an overage of pessimism surrounding the GBP at the moment and any buying pressure may trigger a swift and powerful bullish impulse. The missed pivots above price may pull the pair toward the sell limit level and add to the bullish bias after month end.
Short
by glennmercer
JAKK - expecting rally on earnings releaseJAKK has very decent fundamentals. The whole industry seems to be doing okay, leaving JAKK lagging behind. If we look at all earnings releases in the past 3 years, they work the same way: 1) if there's a strong prior move up, the stock crashes on earnings release (even if it beats expectations 6-20%) 2) If there's a strong prior move down, the stock rallies on earnings release (again, almost regardless of hit/miss on estimates) The Q2 earnings release had a scenario very similar to what's happening right before Monday's Q3 release - long rally up, sharp retracement, then flat and big rally on earnings release. As you can see in the chart, it's in the same setup and if they print a decent number, we should be going up.
NASDAQ:JAKKLong
by Paprik
Mattel, Inc. (NASDAQ:MAT) Gets Frozen By Disney (NYSE:DIS)Since the beginning of the year, Mattel, Inc. (NASDAQ:MAT) one of the largest manufacturers of toys has seen its stock price decline from the highs of $47.00, to a closing print this past Friday of $30.81. Mattel's recent earnings report was not well received by Wall Street. Over the past few days the decline accelerated after Mattel, Inc. (NASDAQ:MAT) lost Licensing Rights to The Walt Disney Company (NYSE:DIS) popular movie Frozen to Hasbro, Inc. (NASDAQ:HAS). This fall represents a decline of over 30% for Mattel, Inc. (NASDAQ:MAT). Making it a clear under performer, and sending investors running for the exit. But like any other equity there is always opportunity for a trade. Let's take a look at the charts as they will reveal the best place to enter this trade... Mattel, Inc. (NASDAQ:MAT) is nearing a key level of technical support, in an oversold condition. As technical traders, it is our job to isolate and identify these levels before anyone else. Doing so will enable us to be positioned on the right side of the trade before anyone else. I have isolated the $29.00 level for a long play on Mattel, Inc. (NASDAQ:MAT), however, this is only a third of the job. Next, we will need to align Pattern and Time with this price level, to make it a high rate of success trade. I will be monitoring this equity over the coming week. As soon as the time is right to enter this trade, I will issue an alert to our Elite Round Table members for what could be a rebound of over 7% in shares of Mattel, Inc. (NASDAQ:MAT). Be ready for the action! Kiliam Lopez Elite Round Table @kiliamLopez
NASDAQ:MAT
by KiliamL