AcornWealthCorp

AcornWealthCorp Updated 

HQY made a nice little Head & shoulder pattern here. Now it seems breaking off the right shoulder. We think it will decline from here. The decline also supported by the Big insider selling in the multiple millions, multiple execs. Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp Updated 

CLX is testing a resistance label from where it previously had a sharp decline. It also seems forming Adam & Eve double top formation. It also has Over 10 million reported insider selling. Overall it is an interesting short setup & we think it can decline down to 113 area. Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp Updated 

PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head 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 Target...

AcornWealthCorp Updated 

PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We...

AcornWealthCorp Updated 

FLXN is a possible flag formation. It seems a very strong flag formation, and in breakout it can go above $34 * Trade Criteria * Date first found- March 27, 2017 (intraday) Pattern/Why-Flag Formation Entry Target Criteria- Break above $28.53 (hit March 27, 2017) Exit Target Criteria- $34.37 Stop loss - $25.47 Please check back for Trade updates. (Note:...

AcornWealthCorp Updated 

MVIS was in the intraday alert for possible trade opportunity. It was a downward channel breakout long trade from $1.70 to $2.70, and now it seems forming another flag formation. Its breaking out downward consolidation of the flag, and showing strong upside potential. * Trade Criteria * Date first found- March 27, 2017 (intraday) Pattern/Why-Flag Formation...

AcornWealthCorp

WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline. On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling. We think it will be an interesting short play at the break of $78

AcornWealthCorp

SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp

S&p 500 Index is right at its upward channel support. It has moneyflow divergence. We think it will decline Breaking the upward channel formation. Break of upward channel will bring it down to a target of 2260. Interestingly on the weekly farm SPX is in upward channel support, and break of that suggests a similar target.

AcornWealthCorp

Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all...

AcornWealthCorp Updated 

SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of...

AcornWealthCorp

KDMN is breaking of a falling wedge & seems like a perfect fallen angel pattern. Both suggesting a strong upward move. * Trade Criteria * Date first found- Pattern/Why- Entry Target Criteria- Break of 4.09 or pullback to 3.80 Exit Target Criteria- $5.43/6.22 Stop Loss Criteria- $3.67 Please check back for Trade updates. (Note: Trade update is little...

AcornWealthCorp

* Trade Criteria * Date first found-March 20, 2017 Pattern/Why- Strong upward trend with insider buying. Entry Target Criteria- pullback to $3.40-3.42 Exit Target Criteria- $4.17 Stop Loss Criteria- $3.17 Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp

* Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward move in the overall energy Sector Entry Target Criteria- Break of $2.80 Exit Target Criteria- $3.27/3.73 Stop Loss Criteria- $2.63 Please check back for Trade updates. (Note: Trade update is little delayed here.)

AcornWealthCorp Updated 

HTZ does appear to be in a short term breakout mode. It seem breaking out a down trend line in increasing volume after a huge decline. It had good insider buying back in November at $27. We think it can go up to $28 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Trend Line breakout Long Entry Target Criteria- Pull back to $22.40 Exit Target...

AcornWealthCorp Updated 

GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry. * Trade Criteria * Date first found-March 16, 2017 Pattern/Why- Long term double tap Head & shoulder Entry Target Criteria- Break of $24 or...

AcornWealthCorp Updated 

HOLX seems a interesting Long setup. It is breaking out of a inverse head & shoulder formation, and has some momentum characteristics. We would look for half entry now & confirmation entry at the break of $43.04 * Trade Criteria * Date first found- March 16, 2017 Pattern/Why- Inverse head & shoulder formation Entry Target Criteria- Break of $43.04; We would...

AcornWealthCorp

PEIX is falling since its reported earnings 2 weeks earlier, though the report was better than expected. With the report it went up but declined sharp, as if the investors took the profit off the table & pushed it down. Now its testing its recent support and if it breaks below, it can decline as low as $4.15 * Trade Criteria * Date First Found- March 15,...