Bullish wedge and up we go?See chart. If this bullish wedge/flag breaks to the upside (the last daily highs get broken) I enter long and expect another impulse move upwards. Theoretical we can also break to the downside a re-test the moving averages, so don't anticipate this move - wait and see. ;)by p4917220
BHE - Breakout + Re-TestBenchmark Electronics has been riding a bullish move since the May pullback completed. It has created a flag pattern that has since broken out & successfully re-tested. I have a couple of price targets noted, the first may be in sight soon. Longby Chartimistic3
BHE: Benchmark Electronics Gartley PatternThe market move sideways last few months, that creates a good opportunity for harmonic traders. However, the price was bullish last few days. It reached 30.8 and getting close to the major resistance level at 31.15 This is the main area where the buyers and sellers usually make their decisions. Sellers go short and buyers take profit, that cause the price to go down. Moreover, the Gartley pattern was formed and the price already hit its entry level, 127% AB Fibonacci extension. This increases the probability of this setup and provides a clear guidance where to enter and exit. I await the market to be opened today and then go short. T1 – 38.2 T2 – 61.8 - Follow & Comment - Shortby Art_of_Trading4
BHE Short In Anticipation of EarningsPreferred short around $21.00, but can short now @ $20.52 market. Stoploss at $21.63; Profit target at $19.30. Must hit profit around 02/15/2016. Stock expected to lose about 8%.Shortby AtoHoward0