Chart speaks for itself, Im looking for a bounce at current levels.
Since breaking its consolidation zone ($10.00 to $12.50) that it had been bouncing between for the last 3 years, it blew past the previous spike high at $14.00. It is presently consolidating in a wide pattern I like to call a "megaphone." The base of which is located at the $14.00 level right around the 100 day moving average. I'm looking for a re-test of the...
I'd like to enter around current levels at $3.10 on a break of the descending trend channel. I'm looking for this thing to base out around $3.00 and continue to recover higher. I took a short mid Feb once the neckline of the head and shoulders was breached, and that target has since been reached. I'm looking to reverse my position using half of the profit from...
Sitting on the bottom rail of a multi-year bullish channel. 15% of the float is sold short, so a short squeeze could help propel this thing higher. I would enter at current levels at $6.75, with a stop on a daily close below $5.50 and a target of $13.00 creating an effective risk:reward ratio of 5:1
Got long just below current levels on the break of the 50 week MA and test of rising support rail.. Looking for $40 medium term with a stop at $32
SNE looks to have bottomed at the end of 2012 and with the weakening yen along with bullish fundamentals has managed to break out to the upside during the beginning of 2013. After posting luke-warm earnings it pulled back from the $16 area and has since resumed its positive direction. The bullish pennant I have drawn points to a target of $20.00. I believe SNE...
I have published a chart on DOW before, I remain bullish. It has since broken out of the bull pennant I highlighted earlier last year and I believe it will eventually reach the topside target at 42.50. Furthermore, I believe it can also reach 44.38 as that is the 123.6% fib extension of the recent move.
SLV has been range bound between the two dotted orange lines. It has found support at the 27.50 level and is presently consolidating in a downward channel. It looks to me like a classic bull flag is being carved out with the target upwards toward 36.00. I have taken a long position at 27.50 (via options) with a target at 36.00 and will close out on a weekly...
BYD broke through almost two years of resistance on the recent push out toward $8.00. It has since fallen back and is re-testing the broken trend line. So far it has held on a weekly basis, and I expect further gains ahead as long as this holds true
HAIN has had a good run throughout 2012. It started off strong in 2013, and has since pulled back after bounding off the .236 retracement near $62. It has broken the teal rising trendline and looks poised for further losses toward the 50% retracement at 55.50 and potentially the .618 retracement at 44.25. While it looks bearish mid term, it could potentially be...
Broke ascending trend line, if it closes below 40.45 today I would expect further downside to 37.00 before finding some support Update: Closed this at break even, it is retesting the previously broken trend line so I have a short bias, but I am not taking a trade here.
ge locked and loaded in an ascending channel, just broke past fib resistance and looks primed for more gains ahead
CROX carved out a bull pennant formation and is looking to be breaking out from it. Upside target would be the 50% retracement of the larger move at 38.00. I'd be looking to enter long at current levels around 14.50 with a stop at 9.00 and targeting $28 for the first half of my position, and $38 for the second half.
Buying off channel support and trend line breakout. Risk:reward is favorable. Blue vertical is earnings date, red is March options expiry.
Sitting on key support level at 44.00, while there could be a bounce here as it is sitting on recent support, there is a chance that the support fails to hold. If the 44.00 support level is compromised, strong support comes in at 40.00 and is backed up by a long standing trendline going back to the 2009 lows. While I am bullish LTD based on these two trendlines...
Key support at 38.2 retracement at $28 was broken. While I do see further shorter term losses, I do think that MSFT provides a good long opportunity off of support (blue and orange lines) at either the $24 or $25.50 level. If orange support line is broken with a weekly close below, I would exit the long trade and reevaluate.