4MSI trade ideas
Motorola Trend Change About To HAppenLooking Good To Go Short With TAke PRofits @ 73$ mark let us Se!!!!
MSI descending triangleit started to form descending triangle after weekly resistance breakout, so I am expecting more bullish action.
MSI Day Trade Retest Gap (Feb9,2015)MSI expected to open at 69.25 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
Motorola Solutions Inc.After a protracted upturn, Motorola Solutions Inc. shares abruptly stalled, shifting to a long-term horizontal movement within the USD 58.77 – USD 67.50 band. As part of this flat trend the latest pattern is a diamond. Triangles, in line with the Elliott Wave Theory, are usually the last patterns in corrective two and three patterns. Consequently, the name can be expected to break out of the horizontal corridor and resume its movement. The breach of the diamond’s boundaries will signal that this movement is underway. Right now investors can try to get into this trend beforehand by launching long positions from a 21-day exponential moving average. By the time the stock price reaches the pattern’s bounds, a defensive order will already be loss-free. A certain cushion of profit in this case will be a relief if the diamond’s boundaries remain rock-solid.
My forecast participates in the Market Forecaster contest. Follow the link s30548462907.whotrades.com
to vote for it and help me win the top prize. Thank you.
Motorola breaking out of a downtrend? $MSIDecember 17-18 gap is closed, and like I thought it bounced right back. The heavy selling seemed to be sparked by macro sales, but not a lot else changed in this company since.
Both accumulation and price have found support and seem to be reversing, but I would watch for a break below these levels just incase there's more to this picture than we've been hearing.
As for price, I'm watching the $68 level, where I think the rest of the story will be told. Rejection here and I'm looking for it to go to the low 60s, higher and the sky's the limit. I'm setting my stop loss at 64.40, with 64.43 having demonstrated strong support.
