A major HS bottom has formed in FTRE that was on the verge of being completed before the market turmoil. A major gap from $33 offers a sensible target. A close above $28 sets up up for continuation to this target. Follow this closely. A recent IPO forming its base with a sound pattern is a good RR. Risk $1 to make $5.
Look at the run up into and base it build from Aug 23 to Jan 24. The same story is repeating itself today. For the range trader I believe there are superb opportunities to play between $740 and $930, but for the longer term trader, the stock is building a base before its next move, which might very well be the $1500 as was mentioned in a puff-piece for the stock a...
A payment processsimg company with wonderful forecasts has just broken out of a small technical cup and handle formation, in the middle of a wider ascending channel. This is good news for us technical focused traders.
FOUR has a history of getting into short time momentum bursts while climbing the channel. As seen before, these runs are pre-dated by some form of...
CRWD is forming what is best described as a simple base as coined by Patrick Walker. For it to be completed a smaller cup must be formed on the right hand side around current levels. Completion of such base must be verified by an increase in volume. I believe this is to be seen over the coming weeks.
The stock received favourable notice today when JPM reaffirmed...
WULF is stuck in a tightening range pattern with limited edge om either side. A directional trader would do well to stay away from the stock but range-traders and can very well find opportunity at this level, just before earnings. A short range and pivot has been formed over the last three days, which favours a short move to the upside.
BABA has broken its negative trend, reclaimed its 200-day moving average and done so on higher volume. Add to that a long bottoming base formation and we have the technical considerations taken care of. Trade war tensions are easing, while other regional conflicts are good for e-commerce, albeit not for logistics. BABA is at an inflection point and I believe the...
We are reaching levels where the stock might catch a bid. FED is now understood to be dovish so the risk is to the positive side for any favourable comments. War-worries have dissipated and the seasonal pattern is for the trend to begin risign, imminently. CLSK is the crypto stock with the best fundamentals; REV and EPS. Follow the strongest stocks.
NYSE:BLDR is building a small C&H on the hourly chart, following a good run with higher lows, followed on a better than expected earnings. Looking to enter if market allows me.
Follwing surprise earnings and an upgrade to Buy, NYSE:FN is setting up a pivot for continued price expansion. Let the market digest recent gains for a while and we should see re-ignited moves soon.
