D_P1

D_P1

BAC is going for a doubletop. MACD is giving strong divergence and the fact that it is struggling to go up from $ 11 is giving me confidence to enter this trade. With the look of things, it WilL fall back to $ 10 which is double top's target aswellas support at this area from prior high's

D_P1

It could well be CUp and handle break out to new 52 week high or it could be a double top pattern.. I would short this stock as it touches 58. Stop loss will be 59.50 and profit taking will be around $50. ----------------------- If the trade above goes wrong than i would go lon at 59.50+ with stop loss of 58. It could well get you $8-10 profit (one way or the other)

D_P1

FIrst target is 84 and second target 70. Its a long term pattern .. might have to wait for 6 months to hit the second target

D_P1

Entry -> your choice, but exit prior swing low which is around 2.50ish

D_P1

I would advise who is in this trade to have stop loss in place to book good amount of profits.

D_P1

Well support becomes resistance --> in this case it is true. MACD negative divergence, i would wait for break below prior low to short it.

D_P1

I would advise to take the short position right now and keep adding to the short position. Divergence has always been bad for Google. Check out past 2 boxes. Stop loss is @ 801 and profit point is at 650. 2/1 ratio. You can make your own stop loss but the profit level should remain the same.

D_P1

My cloning method. I made a channel first that Apple was in for years. I cloned that channel and enlarged it to the all time highs of Apple. I clone that channel and reversed it to the downside and it gives me the results as Apple going to 370 before 500. This is a stupid method but an estimated guess. What do u guys think..?

D_P1

Little to no risk trade. If it closes above 40.75 in an hourly chart than thats the exit point with the potential benefit of $34. SHort float is very high 35% which will add fuel to this down rally and we have head and shoulder break.

D_P1

Market is going up despite it is overbought. A good thing but right now, it is doing nothing but stalling out. I would consider to the people who are long to start Hedging or booking their profits in this rally. It may continue to go higher and you might miss the opportunity but it is better to be careful than sorry.

D_P1

I posted this chart 5 days ago and said short Google. I dont think the sentiment has changed a bit. I would still stay a short even if the earning are good cuz MACD has broke its squeeze to the downside.

D_P1

hmm

D_P1

Short Float is @ 24% , i wouldnt trust the volume of buying at this point. I would short if it breaks the pirple Trendline.

D_P1

Its building Inverted Head n Shoulder but below 200 MA and volume is still a concern. Enter w/ few $$ as your first trade and if it breaks 200 MA.. enter with original $$ in mind.

D_P1

Bear channel broken after breakdown

D_P1

Not breaking the wedge

D_P1

I am not long or SHort APPL @ this moment. THis chart isnt perfectly seted up yet to even enter a trade.

D_P1

3 patterns that play out that tells me to buy this stock right now. 1st pattern - Breakout pullback ( always wonderful to buy ) 2nd pattern - Channel Broken that this stock was in from all time high ( buy) 3rd pattern - Inverted Head and Shoulders pattern ( buy) When you have 3 buys you cant ask for more. Indicators supporting ( stochastic oversold) MACD...