PennantTrading

PennantTrading

Looking to by a pullback to previous high of day, just above $9. Why: Strong close today with high volume Low volume on the previous pullback from June 11 to June 20 Looking for a retest of previous high ~$10

PennantTrading

Looking to enter on a pullback/retest of previous upper channel (blue lines). Why: Upper channel aligns with 20EMA and 50EMA Upper channel aligns with .50 fib level Strong daily uptrend in the past MACD bullish

PennantTrading

Looking to buy a pullback around $5.50 Why: .382 fib level may act as resistance. 20EM lining up with fib level MACD turning bearish on hourly, but is turning bullish on daily

PennantTrading

Looking to buy a pullback around $9.65 or if it goes lower, $9.16. Why: High relative volume on the daily Relative strength compared to SPY MACD turning bullish on the daily chart

PennantTrading

Looking for entry after a break and retest of yesterday's high, $10.34 Why: Even though yesterday's candle is high volume and red, if you drill into a smaller time interval, the candle where the volume was high is green. Uptrend since April Solid fundamentals (EPS Growth) Target would be around $10.88, which is the 1.618 fib level

PennantTrading

Looking to enter after a break and retest of high from June 17, $42.83. Why: Steady uptrend EMAs pointing upwards Picked up on CANSLIM scan with strong fundamentals and earnings

PennantTrading

Looking for a breakout and retest above $45.50 Why: Stock has been consolidating and failed to close above $45.50 numerous times. Would be careful with this one given the high volume red days. I would not enter if there is not a clean high volume break above $45.50

PennantTrading

Looking for a break out and retest of blue trendline. Why: The past month has had above average volume on green days, and below average red days. EMAs starting to turn upwards Almost a bullish engulfing candle for today. Target would be around the previous high at $40.32. Stop loss would be below the close of today's candle.

PennantTrading

Looking to reenter after a retest of 1.618 fib level (~16.25), which showed some resistance today, which is marked by the blue arrow. White lines are previous highs. Why: Powerful move on the daily chart. Stop loss would be under resistance at $16.09 which is marked by the orange arrow. Target is one of the previous highs ($16.90 or $17.18) depending on...

PennantTrading

Looking for a breakout over $13.50, previous high of day. Why: Consolidating with rounded bottom 9EMA acting as support Uptrend Target is 1.618 fib level (green line)

PennantTrading

Looking for a breakout over white resistance line or an entry once near the close of the gap. Target is 1.618 fib level (green line) which also happens to be an even number...$20 Why: Consolidating MACD looking ready to turn bullish Price could also drop to close the gap (yellow line) which also could line up with the 20EMA if it consolidates for a couple more days.

PennantTrading

Looking for breakout over previous high at $9.16 Why: Price reacting to .50 fib levels as marked in the orange circles Rounded bottom on daily/weekly More above average volume on green days than red days in the past week MACD Bullish Price above all EMAs

PennantTrading

Looking for a breakout above previous high. Why: Selling was high in the past (June 12th) at this point. This time, the price was able to say in this zone. Target is 1.618 fib level.

PennantTrading

Looking for entry above this flag/consolidation zone. Why: High volume green days, lower volume red days. MACD looks ready for a bullish move EMAS are all grouped together and price is above them

PennantTrading

Why: Bounce off demand zone High volume breakout, low volume on the way down. MACD looking ready to turn bullish If entered, looking for a retes tof previous high or a run to the 1.618 fib level.

PennantTrading

Looking for a pullback to .5 fib level Why: High volume green days Uptrend on daily chart Green line is 1.618 fib on weekly daily chart.

PennantTrading

Looking for a pullback to close the gap. Why: Rejected at 1.618 fib extension Gap to close High green volume Bullish MACD

PennantTrading

Looking for a pullback. Why: Riding the hourly 9EMA High volume green days MACD bullish cross Green lines are 1.618 extensions on the daily and weekly charts. White lines are previous highs. Looking to see how OSCR reacts to these levels.