DPS had a sharp decline recently & now seems testing its breakdown resistance. It has huge insider selling, we think it will continue its down move after adjusting to its Resistance around $94.43 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Short from resistance. Entry Target Criteria- Test the resistance at $94.43 Exit Target Criteria-...
MDU formed nice momentum Long setup. It has strong upward momentum & moneyflow also crossed above Zero recently. We think it has good upside potential. * Trade Criteria * Date First Found- May 30, 2017 Pattern/Why- Upward momentum Long. Entry Target Criteria- Break of $27.53 Exit Target Criteria- $31.47 Stop Loss Criteria- $26.87 Please check back for...
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well. We think it will decline further & we would consider it as a momentum short from $23.93 * Trade Criteria * Date First Found- May 30, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $23.93 Exit Target Criteria- 1st...
NTNX seems forming a fallen angel formation. It's not ready yet, however if it cross above $18.53 it will be a good buy. * Trade Criteria * Date First Found- May 24, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $18.53 Exit Target Criteria- $22.13 Stop Loss Criteria- $16.73 Please check back for Trade updates. (Note: Trade...
* Trade Criteria * Date First Found- May 24, 2017 Pattern/Why- Possible Long term Head & shoulder formation Entry Target Criteria- Speculative entry at Present price, conservative entry at the Break of $34.80 Zone Exit Target Criteria- Momentum (About $20 down) Stop Loss Criteria- $38.73 Please check back for Trade updates. (Note: Trade update is...
LOW seems running within a wide upward channel, and at this time coming down from Upper channel line. We have earnings for it tomorrow, so we would like to see how it reacts. However if it shows weakness after earnings, we will consider for a short entry. * Trade Criteria * Date First Found- May 23, 2017 Pattern/Why- Upward channel formation with Earnings...
POLA is forming a fallen angel formation. It is a little aggressive play as the volume is not very high. However in the hourly candle it seems breaking out, and seems an interesting long setup. * Trade Criteria * Date First Found- May 23, 2017 Pattern/Why- Fallen angel formation Entry Target Criteria- Break of $5.20 Exit Target Criteria- $6.77 Stop Loss...
CLW seems forming a potential fallen angel formation with sharp upward swing of the moneyflow. We think it has good upward potential if it can break above $46.63 * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Potential fallen angel setup Entry Target Criteria- Break of $46.63 Exit Target Criteria- $51.43 Stop Loss Criteria- 44.57 Please...
SNDX seems forming a bullish flag formation. However it need to breakout recent resistance. It needs to break 15.74 as a more conservative entry or break of 14.73 for a more aggressive entry. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Bull Flag formation Entry Target Criteria- Aggressive entry $14.73, Conservative Entry $15.74 Exit...
SMP looking nice breakdown short setup. All the moving averages clustering beneath it. If it continues it break, it has long way to go. On the option side we would consider $50 September puts * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why-Downward momentum short Entry Target Criteria- Break of $48.33 Exit Target Criteria- $44.13 7 lower Stop...
CAB seems rolling over & broken down its support. We think it will decline father. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $52.33 Exit Target Criteria- $47.33 Stop Loss Criteria- $54.47 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLW seems formed a nice base & if we get that moving averages to cross, that will be very nice fallen angel setup. So we are waiting for the it to break above, and keeping on watch list for now. *Trade Criteria* Date First Found- May 22, 2017 Pattern/Why- Potential fallen angel setup Entry Target Criteria- Break of $46.63 Exit Target Criteria- $50+ Stop Loss...
CGI seems forming fallen angel pattern. It is not ready yet, so we are keeping in watch list for now. Please check back for Trade updates. (Note: Trade update is little delayed here.)
GPRK seems forming a bull flag formation. It is a Oil & Gas Drilling company & it was pretty strong while oil was falling. Now Oil is moving up & we think it will go up further. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Bull Flag formation Entry Target Criteria- Pull back to $8.55 or current price Exit Target Criteria- 1st Target $9.83,...
ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area. To play this we would consider $55 or $60 September puts. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Head & Shoulder formation Entry Target Criteria- Break of...
LEG Looking good as short. Great breakdown below upward channel formed since October 27th. Moneyflow also broken down. We think it will decline further. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $49.87 Exit Target Criteria- $45.13 Stop Loss Criteria- $52.6 Please check...
SONS seems forming a flag formation. It had a nice pull back and in the hourly frame it seems getting in a point of breakout. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $7.84 Exit Target Criteria- $8.77 Stop Loss Criteria- $7.33 Please check back for Trade updates. (Note: Trade update is...
PTC seems breaking down from Long term upward channel. Moneyflow also broken down to the negative side. We think it can decline as low as $44 area. We would also consider $52.50 July-17 Puts, last traded for $2.30 * Trade Criteria * Date First Found- May , 2017 Pattern/Why- Upward channel breakdown short. Entry Target Criteria- Break of $51.43 or Rally to...