Audacity618

Audacity618

Some free fall action, how this got up so high in the first place... who knows.

Audacity618

Divergence on the 2 hour.

Audacity618

When weekly is out of the Keltner Channel and the Chaikin Oscillator tops out, expect a move back down to the weekly 20 EMA.

Audacity618

Vertical stocks are my favorite to short. Looks like momentum is coming to an end for this one. Just take a look at the RSI hovering over 80 for so long and the MACD making its decent.

Audacity618

Week Market could make this gap fill have a higher probability for sooner than later. Notes on chart.

Audacity618

Let's see if .618 pitchfork becomes support again.

Audacity618

I would love some in ~180. Overall Market might make this possible.

Audacity618

MACD is about to make a third bullish crossover higher than the last two. Earnings is right around the corner which may or may not play any role in price action. I will wait for now.

Audacity618

I see the first short term W (orange) making a final entrancement to .764 of its range. If the current W (purple) retraces again to .764 of its range then it will also be about .618 retracement of the total drop range along with a approx trend line resistance. Target in the 88 range. ---> target hit

Audacity618

If you been watching this on a short term scale you could easily argue it was still a buy. But the daily MACD should of been a warning as it never crossed over during the last month and the latest news of yet another offering is a death kiss. I think we are going to slice through the 50 day and meet up with the 100 day soon around .618 retracement of the 4 to 5...

Audacity618

I see the first short term W (orange) making a final entrancement to .764 of its range. If the current W (purple) retraces again to .764 of its range then it will also be about .618 retracement of the total drop range along with a approx trend line resistance. Target in the 88 range.

Audacity618

Time to short this one again, perfect double hit on the pitchfork with a nice decline in strength. This is a hydro-fracking equipment supplier that is aggressively valued given the industry's positive outlook (check out the historical p/e analysis in my related idea below). Warning... 12 days till earnings if you don't want to play this through earnings.

Audacity618

I think it is inevitable that we test the 200 day. Massive volume should not be ignored. Traders are conditioned to buy the dip but this could get smacked down as smart money waits for a pop before the next dump. I would be very cautious into next week and wouldn't be surprised if this turns into a head and shoulders.

Audacity618

These Bear Flags easily trap retailers in these low volume flags just before Bears attack again. Let's see if this flag cracks tomorrow, could spill a lot of blood as it could attempt to fill that gap from March.

Audacity618

Thinking it might be contrarian to go long if we see some roundish price action the next couple weeks. MACD was a helpful indicator for divergence to predict the fall, maybe it can do the same for the next rally.

Audacity618

I swing traded this from late Feb to Early March. Technicals look very very bearish after latest H&S.

Audacity618

Found it interesting these weekly wicks from 2008-2009 could reveal future resistance.

Audacity618

1. Drop 2. Bear Flag 3. Gap Fill