EWSimple strong pattern on EW on cup breakout should run around 17 dollars and this company has done well.
EW trade ideas
EW breakout in an established uptrendEW has been on my watchlist for sometime. It was a great trending stock throughout 2014 but became of real interest when it it gapped up above the 2012 pivot high in October last year.
Since October it has continued to trend up well, with several bullish flags but, over the Christmas period, has gone into a mini-range.
This mini-range could well be a double bottom - although the neckline is a little high to technically be categorised as one. However, the two bottoms are good reversal candlestick patterns with the doji bouncing from the 50ma.
Yesterday's breakout bar (12th January) was reasonably bullish and had slightly higher volume. Plus the mini-range, so far, has not been long in duration. Overall this indicates that price is likely to continue with momentum to the upside.
EW, weekly shooting starThought there are still more potential upside,
i choose to short first @ 126.10
It would be better to wait for -ve DI (red) to make higher high and bearish cross of +ve DI (blue) to cross below black signal line.
Edwards Lifesciences has further to runEW recently had a nice earnings beat and guidance raise. It is showing strong momentum and has broken out of a multi-year pattern. I bought a couple weeks ago, it may be vulnerable to some consolidation shortly but I think it will finish the year strongly. My target is $160 with a stop at $114.
Right shoulder top in progress...2 months ago, i posted a monthly chart of EW showing a potential H&S consolidation.
The right shoulder seems to be completed half-way except that on daily chart, i anticipated another
higher high, while RSI would give me a higher low for me to buy long term put options.
EW Long Opportunity after Weak Guidance Causes Gap LowerEW had a weak guidance forecast that disappointed investors and caused a gap lower, I am expecting a rally over the next couple of days to fill that gap by the end of the week.
EW has long term technical horizontal support at $62.50 that has held well all year and held again today. A bullish case can be made for the stock as it has made higher highs prior to the late October sell-off, and has failed to break for a lower low.
Take profit would be at around the $64.50 level and stop loss at $61 if there is a clean break of horizontal support. R/R is not exceptional at 1.26 and is considered a risky day or two trade for those with a high risk appetite.
