I am not going to elaborate on this one , most of the commentary is plotted all over the chart. I am rather hesitant to take the "ride" down, the target is not so obvious.( 52.00 may be it. ) But if You need to trade this one , placing a safe stop at 55.50 is highly recommended.
Ok , here I see pretty nice opportunity to sell some stocks. In this particular case we have a nice full level of 108.00 reacting as a resistance. Market dropped a little after classic bearish engulfing pattern was formed at the level. Now we have a decent pin bar with a confluence of a few factors. Entry around 106 should be considered as the perfect one , but...
It would be perfect to be in this trade before the previous close , because there is a great possibility that market will make a gap up as soon as session will be up and running. If the gap will be substantial it can get to risky due to the stop loss position. Nevertheless it is worth to watch it as it moves today. Have a great trading day. :)
Bear harami at important ressistance level in line with trend. Session closed rejecting 20 period SMA. We have pretty decend R:R situation over here so it's worth a shot. And as always , keep it simple and have a great trading !
I've just shorted PFE at 50% retracement plus at the top of the channel , it may be bear flag in regard of previous down move which can be a pole. But i will wait for retest of the channel's bottom to see if it closes below. If not i will take my profit there.
I am already short at 35.35 and waiting for neckline test. It's intresting that 34.95 was previously tested so it's a nice confluence with possible target based on H&S :)
This stock is bearish pretty much on every time frame from 1H to Daily. Plus some great multiple confirmations. We have market at major resistance ( previous pinbar and huge bearish engulfing) , RSI is diverging , pinbar at upper bolinger band (market is overbought) followed by a nice bearish engulfing pattern. This is very high probability setup.
