Break below 19.13, stop signal 82.33. Target 65.31
DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline. Please check back for Trade updates. (Note: Trade update is little delayed here.)
EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry. * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Flag formation Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6 Exit Target...
BW forming a nice fallen angel type momentum Long setup. Made a nice rounded bottom, and crossed above sharp reversal area today. We think it has good upside potential if it can break above $9.56 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Fallen angel type Momentum Long Entry Target Criteria- Break of $9.56 Exit Target Criteria-...
NYMX seems forming a nice flag formation. We discussed an intraday long opportunity on Thursday trading-room. Now we are keeping it in our watch list for potential long if it breaks above $4.50 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Potential Flag formation Entry Target Criteria- Break of $4.50 Exit Target Criteria- N/A Stop Loss...
SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of...
SPY seems breaking of a Rising wedge in hourly frame. It also looks like an upward channel formation which is just broken down. Both Pattern suggest a decline around $231-32 area. This will confirm a downward break of Open range, and ensure a negative bias in the market until the next open range. Please check back for Trade updates. (Note: Trade update is little...
PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83 * Trade Criteria * Date first found- March 14, 2017 Pattern/Why- Trend breakdown short Entry Target Criteria- Break of $19.83 Exit Target Criteria-...
IMPV is breaking out of an upward channel, It has big insider selling & its Price/Free Cash Flow Ratio is really high(239.95). We think it will decline from here, however break of $39.19 would be the big fall confirmation that would validate the H&S formation its forming on longer term. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward...
PTC was in our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & heading 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...
VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area. * Trade Criteria * Date first found- March 14, 2017 Pattern/Why- Longterm Upward...
PENN has broken out of a previous downward channel & now seems forming a inverse Head & Shoulder formation. It also looking like a ascending triangle breakout with significant increase in moneyflow. We think it will test its next resistance around $17.30 * Trade Criteria * Date First Found- March 15, 2017 Pattern/Why- Inverse H&S Entry Target Criteria- Break...
TLYS 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...
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...
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...
FNGN 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-...
BERY 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...
YRCW is breaking down some key support. It seems it will decline further. For a perfect entry for short we would like to it pull back to $10.90 or break below $10.63