SKT is attractive both Fundamentally and Technically. ROE: 25% Shares Float: 90M Short Float: 48% Trading within a Channel where price action and stochastics flow together. I'm very tempted to buy in at this price but I am going to wait for confirmation and remount of 50ema
Its showing clear support at the 11.46 level With Price Target at 13.81 Thats a +16% gain it closed with a hammer candlestick yesterday with good volume I love how its hovering around the 50ema this is definitely one that I am watching closely, patiently If it closes above the 9 tomorrow and holds above support I will be looking for an entry with a stop loss at 11.30
COMM had a tremendous move during earnings and is now retracing to its old resistance Its showing clear support at the 13.52 level With Price Target at 15.81 Thats a +13% gain It closed with very low volume yesterday and I love how its hovering on the 20ema If it closes above the 9 tomorrow I will be looking for an entry with a stop loss at 15.75
I really love how GNC price action looks right now. Its showing clear support at the 2.85 level With Price Target at 3.43 Thats a +15% gain it closed with a hammer candlestick yesterday. would have wanted to see a little more volume but I love how its hovering on the 20ema this is definitely one that I am watching closely. If it closes above the 9 tomorrow I...
I'm going bearish on this one here. Today was unexpected price action in SPY, at least for me. Based on my trendline analysis SPY is topping out at resistance with many factors going against it. 1) Stochastic shows price action extremely overbought 2) Spy has been trading in very low volume for the last few days 3) Price action is 7% above 200ema (looking back...
Beginning to concave nicely within a wedge. Previous 3 days has confirmed a trend reversal to the long side Hammer formation yesterday. Price action riding above the 20ema showing an uptrend 9% above the 50ema with a good scaling divergence from last week. 200ema can act as resistance but would like to see price action breakout of wedge with strong volume
Consolidated nicely in a rectangle sitting just above 8.39 support Moved up today on good volume closing above the 20 and 50ema Ideally wanna see this stock rise to 10.63 as it has been an area of major resistance. Volume accumulation post earnings with very low volume during consolidation Stochastic indicates price action is in the oversold region starting to diverge
Breakout of the Trendline forming 2 bullish hammer candles
Volume Accumulation and potential remount of the 20ema