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TLYS - Support breakdown short from $8.68 to $7.23 & lowerTLYS seems getting ready to breakdown its strong support label. It has broken below all the moving averages & if it breaks below $8.68 support label it will be on a free fall zone. * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $8.68 Exit Target Criteria- $7.23 & lower Stop Loss Criteria- $9.63 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:TLYSShort
by AcornWealthCorp
ALQA - Breakout momentum Long from $0.85 ALQA had a long decline & now all of the moving averages clustering over it. It had large amount of insider buying recently. It has very good upside potential if it breaks above the moving averages. * Trade Criteria * Date first found-March 20, 2017 Pattern/Why- Breakout momentum Long Entry Target Criteria- Watch for breakout, possible entry at the break of $0.85 Exit target - Momentum Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALong
by AcornWealthCorp
CRM - Double to short setup from $82.46 to $75.13, Jun 85 put CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down. It also has a lot of insider selling recently. We think it has very good decline potential. On the option side we would consider June $85.00 Puts, last traded for $5.00 * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Adam & Eve double top formation Entry Target Criteria- Break of $82.46 Exit Target Criteria- $78.33, 2nd - $75.13 Stop Loss Criteria- $84.57 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:CRMShort
by AcornWealthCorp
FNGN - Double top formation short from $40.80 / 39.43 to $31.13FNGN seems forming a long term double top formation. It has previous history of sharp drop & we think it is getting ready for another decline this time. For perfect entry we would look for a pullback or confirmation break. * Trade Criteria * Date first found- Pattern/Why- Entry Target Criteria- Break of $39.43 or rally back to $40.80 Exit Target Criteria- $31.13 Stop Loss Criteria- $43.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
FShort
by AcornWealthCorp
BERY - Possible H&S formation short from $48 to $42.88BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation. We think it can decline down to $43 area. * Trade Criteria * Date first found- March 21, 2017 Pattern/Why- Possible head & shoulder formation Entry Target Criteria- $48 Exit Target Criteria- Target 1 45.13 Target 2 42.88 Stop Loss Criteria- $51.03 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:BERYShort
by AcornWealthCorp
PTC - complex head and shoulders short from $54.3 to $44.13PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44 * Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry Target Criteria- break below $54.03 Exit Target Criteria- Target 1 $44.13 Stop Loss Criteria- $55.13 Please check back for Trade updates. (Note: Trade update is little delayed here.) You can check detailed analysis on -- in the trading room/ Executive summary link here- www.youtube.com Time Span- "
NASDAQ:PTCShort
by AcornWealthCorp
PFPT - H&S formation short from $71.87 to $45.33PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We would also consider $70 Aug or May Puts * Trade Criteria * Date first found- March 24, 2017 Pattern/Why- Head & shoulder, Larger Upward channel Entry Target Criteria- Break of $71.87 Exit Target Criteria- $57.33, 2nd - $45.33 Stop Loss Criteria- $78.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
PShort
by AcornWealthCorp
MVIS - Flag formation Long from $2.60 to $2.87MVIS was in the intraday alert for possible trade opportunity. It was a downward channel breakout long trade from $1.70 to $2.70, and now it seems forming another flag formation. Its breaking out downward consolidation of the flag, and showing strong upside potential. * Trade Criteria * Date first found- March 27, 2017 (intraday) Pattern/Why-Flag Formation Entry Target Criteria- Break above $2.60 (hit March 27, 2017) Exit Target Criteria- $2.87 Stop loss - $2.37 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:MVISLong
by AcornWealthCorp
SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all they way down to our target are 234!! Put went up from $0.64 to wapping $4, that was 525% return on a single day!!! Hope you joined us in the party. (For entry clarification please check our relevant SPY post yesterday)
AMEX:SPYShort
by AcornWealthCorp
HTZ - Trend breakout Long from $22.40 to 25.93 & higherHTZ does appear to be in a short term breakout mode. It seem breaking out a down trend line in increasing volume after a huge decline. It had good insider buying back in November at $27. We think it can go up to $28 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Trend Line breakout Long Entry Target Criteria- Pull back to $22.40 Exit Target Criteria- $25.93 & Momentum Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
HLong
by AcornWealthCorp
GPRE - Big insider selling Possible Short from $24.00 to $14 GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry. * Trade Criteria * Date first found-March 16, 2017 Pattern/Why- Long term double tap Head & shoulder Entry Target Criteria- Break of $24 or lower Exit Target Criteria- $14 Stop Loss Criteria- $24.73 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:GPREShort
by AcornWealthCorp
1
HOLX - Inverse head & shoulder formation Long from $43 to $45.93HOLX seems a interesting Long setup. It is breaking out of a inverse head & shoulder formation, and has some momentum characteristics. We would look for half entry now & confirmation entry at the break of $43.04 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Inverse head & shoulder formation Entry Target Criteria- Break of $43.04; We would consider $43 June Calls Exit Target Criteria- $45.93 Stop Loss Criteria- $ 41.53 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:HOLXLong
by AcornWealthCorp