Rocketman

Rocketman

Price Pattern Analysis : The SPY seems to be channeling diagonally upwards, showing us its resilience and that it is not finished its upward thrust: Wave 1 and Wave-y What's more, prices are around the 208.45 to 209.46 support area, and it looks like it is being supported there. This is the same area of support of the Wave1 50% Fib and the W-x 61.8% and 71.8%...

Rocketman

We are at wholesale support. It is time to go long the SPX500. You can see the green trend line that was tested multiple times (more than five) and the arrows showing buying opportunities. Now, we are back there again and at solid support as shown on the chart. The day is not over, but it could, potentially, end in a hammer, as it look like now. Below, I have...

Rocketman

GILD has completed a DINOSAUR PATTERN... Don't do anything. lol! Waiting for GILD to pull back once again is like waiting for a million years.

Rocketman

Buying around 38.80 to 40.50 Target: 56.40 and 67.20 by December 2015 (5-6 months from June or July 2015) Desired Shares: 1000 Profit Potential: around $24,000 Weekly Bird's Eye View: Will update later on today...

Rocketman

The S&P 500 pulled back to support at 2119.5. If it falls down to 2110.4 to the 2110.4 support, then this will be an ideal situation for me to enter other positions such as GILD, CSUN, and MFC. All three are in different sectors.

Rocketman

Prices rallied, then pulled back to three converging support levels. It is at the bottom of a diagonal channel. There is also a HIDDEN DIVERGENCE in the RSI(14). It is in between the range of $2.20 and $1.45. So, I speculate that from here the price might start to move up. *Previous prices met the Fib Zone on April 16th and reversed. And now, it is today, May...

Rocketman

Entered at 18.54 ...and second enter was at 18.80, but I missed it. I would like to own 900 more shares of this company at these levels. If this trade works out, then my potential targets are 20.59 and 19.60. If we get there early, then I will hold until fair value, which is higher.

Rocketman

On top of recent insiders buying, SFY (Swift Energy Company) broke out of a weekly trend line and found support of the backside of that weekly trend line. This was also diagonal support extended from 03/18 and 03/31. What's more, this area is also a 61.8% and 71.8% fib support area. Finally, there are two important candlesticks that have triggered a reversal...

Rocketman

The DAILY picture is the same as the WEEKLY picture that I posted. ACLS jumped channels. If we break out tomorrow above $2.68, then we should follow the BLUE channel up to $2.90 then pull back to $2.68 again. Or, alternatively, to $3.19, then pullback to $2.90. Here is what I posted in the WEEKLY analysis of ACLS: ACLS jumped channels; and, given recent...

Rocketman

ACLS jumped channels ; and, given recent catalysts, ACLS will follow Wave III up to $3.19 within the BLUE channel, then to $3.45, completing the Wave III. The catalyst are the trend in earnings and growth of the fundamentals of the company passing under the radar of screener of not so not-so-astute traders and investors or others looking for a little more price...

Rocketman

ACLS is completing an Inverted Head and Shoulders Pattern. It also formed a bullish piercing candle on May 1st on a 4-hour chart. Earnings are coming out on Tuesday, May 5th. I am anticipating good earning to be a catalyst to supporting this inverted head and shoulders pattern and moving prices and buying interest higher.

Rocketman

$1.75 buy point. 1st target: $2.80..... take 20% 2nd target: $3.47... profit target Price should stall around $1.75. This trade is based on a monthly bullish divergence.

Rocketman

This is not a trade that I am making, but a potential scenario for next week on an intraday basis. 59.36 to 59.49 is a level I am watching on breaching and getting pass to give me confidence that this reference of a potential H&S will be invalidated, and head up pass 59.66. I still expect oil to rally to $61 and then pull back to $59 (a second opportunity to...

Rocketman

I bought more OIL INTRADAY.....

Rocketman

GILD is announcing earning today. It has lots of cash flow and good earnings surprises and makes sales. The prospects for the future of GILD look very positive, and so I added to my investment today. The trend ought to continue. WHAT THE CHART CONFIRMS: Technically speaking, the chart confirms to me what investors are thinking now. GILD made a hammer on a...

Rocketman

CYTX made a weekly pull back. Is this the end of the pullback? I think at this price that it is. Let's start from a daily view and move up to a weekly view. DAILY: After traveling through a bearish channel, CYTX made a HAMMER reversal signal. Since it is below less than $1, I made a market order and not a limit order. Strategy:Above the hammer is @ 0.82 or...

Rocketman

(1) RSI(14) made a bearish divergence, but now we are at historical levels where pullbacks turned to springboards before. (2) Plus double trend line support. I did not do a volume analysis this time. Later....

Rocketman

Bullish Inverted Head and Shoulder Pattern on OIL hourly chart. Chart has tweezer bottom and a nice bulls candle. I purchased at 11.70 April 22, 2015 at the HEAD. I was going to add more today, but I have enough shares in the thousands already. I have a tentative target of 12.80 or 14.60. These targets are temporary, so I don't plan to sell there. I just...