EVGN, Channel Bound, Short Long term
DVY, Short Up, Then Strong Down, Notes on Drwg.
GLQ, Watching for Breakout, Notes on Drawing
FVL, Watching for Breakout, Notes on Chart
CZWI, Notes on Drawing, Watching for Breakout
PKW, Notes on Drawing, Watching for Breakout
Symmetry at its finest. We are almost to the cent matching the drop level in 2008. I will buy a long term call and anticipate a target level at $15.82 given the strong area of resistance there. There should be some more dropping here (to around $1.20) before the symmetry is exact. "Here at Strickland, we sell propane and propane accessories" Hank Hill Have a...
GTN is in a Bullish Channel Seems like it might pull back to the confluence level of .50 fib and channel bottom then go long. Please let me know your thoughts? Have a great trading week!
In Channel At 12 month, 6 month, 3 month areas of support 4:1 R:R There may be some slight pull back before proceeding long. Not sure what this pattern is, If anyone can help clarify or help me adjust it, that would be appreciated. Ray.
FCG is reaching a point of entry based on hitting key 2009 level of support. The level was touched at the beginning of 2015. However, looking at the monthly trend line, I see a deeper penetration to the $9 level before entry makes sense. Timing of this penetration may not occur until Oct or Nov 2015.
Bouncing off 100% Fib level Channel is tightening Did not complete larger channel top touch Interesting week ahead.
Confluence of Fib levels around $116 PVH was down on a huge SP500 rally day Seems to be ready to start dropping to close the gap Entry at $113.50 Stop at $117.00 Target $108.50 Target $106.70
CBK has shown similar trends in the past Assuming there will be a bit more bearish action before retracing from the Nov 2012 support level (or at the -0.236 Fib) Tgt #1 is 0.382 Fib Tgt #2 is 0.5 Fib (however, doesn't feel like an easy glide to this level will occur. )