TaPlot

TaPlot

The weekly breakout took out the neckline of the head and shoulder bottom as well as the downtrend line. The pattern is very interesting but the strong resistance at $26 makes it a less desirable trade setup. I think you are going to need a ton of buying pressure to cut through all that supply around that level. Company reports earning on the 23rd. Will be...

TaPlot

Utilities were up 8% last week. That sector picked up steam and NYSE:FTS forming one of my favorite chart patterns #rectangle. Watching price action next week for a long entry.

TaPlot

Clear horizontal resistance on this cup and handle pattern against NASDAQ:COHU . A decisive breakout opens the door to test early year's high around $26. Breaking the pattern resistance also breaks the 200 day MA to the upside, adding to the validity of the breakout.

TaPlot

NASDAQ:REAL setting up a nice rectangle, one of my favorite chart patterns. There is no indication yet on the breakout direction. Volume pattern balanced and not showing a bias yet. Put it on your watch list and wait for a breakout signal. The breakout to the upside could catch momentum quickly if it happens as rectangle resistance merging with 200 day MA. ...

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Beautiful rectangle consolidation. 2 ways to play this. Buy daily close above rectangle resistance or buy support after a sign of a bounce taking place. Notice how 200 moving average coming up to converge with rectangle support area. Might head down there in the next few days if the market entered a pull back today. Either play should provide a good bullish...

TaPlot

Clean horizontal neck line with a target below $18 on NASDAQ:WW . Volume pattern not as weak as i would like but if the market remains weak, this provides a good short opportunity.

TaPlot

Nice looking head and shoulder top on NASDAQ:SBUX pattern has a price target just below $62 but there is enough support around that level to make it a good target on the downside. Notice how both shoulders are forming below the 200 day moving average adding to the bearish chart pattern.

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Monster pullback in motion on weekly time frame. Notice how the pullback to breakout support is conversion with 200 week MA. Watch the daily 20 MA for pullback entry trigger. This is probably one of the better gold pullback plays i was able to find.

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Broke up from Ascending Triangle today post earning and rallied to resistance. 2 to 3 days around 137.50/138 will set the stage for a breakout and test of all time high around $145