If price breaks the rising support line, this would go as low as $48.7. If you decide to take a short after price violates the rising support, make your stop loss at or above recent swing high.
This bearish top triangle has a measured move of 14% from today's close. If you decide to short this stock, make your stop loss at recent swing high $80 with target price of $$68. Good Luck!
If price does not hold 246.8 area, this will confirm both the rising wedge and double top and has a target price of $220. If you decide to go short make your stop at recent swing high $260.
Though buyers seem frustrated and confused, it looks the aggressive distribution that started October is fading now but still in progress. Open above previous high or move above Friday's high $61.56 will suggest a possible price target of $71.99 or 18.93% gain next few weeks. Will initiate a possible option bet this week.
Seems sellers are losing the control, but buyers should show up soon if this medium reliable pattern is to be confirmed. There is also what looks inverted head and shoulder that is under formation now, once that is completed and buyers come to the surface, there is a good chance to see a new higher higher from previous higher low. If price moves below $21.89...
There is a higher chance, by May next year, this stock can gain 85% from Friday's close. This falling wedge has a measured move of $25.12 above $39.92. There is runaway gap that may get filled next six months. If you decide to go long, make your stop loss at 52 WK-low.
Very strong trend, but lately has shown some cracks to the downside. October high pulled back up to 21%. After it printed a new lower low price bounced and failed to print a new high but lower high and pulled again back but avoided a new lower low. This higher low which was an indication of a new higher high has achieved its short term target but did not last...
The upside momentum is not dead yet, and there is a good chance to see $4.76 before end of Jan 2013. This stock will out perform the rest of its group and could a winner for 2013 too early to load now, but above that line on solid volume will suggest a possible run $8 in 2013.
I'm short this with target price $49.50 with stop loss at $71. This continuation wedge pattern is reliable in most cases, and this aggressive distribution suggest the measured movement of 27% is very likely to achieve next 9 weeks.
If price opens below the rising support line, I will short this with target price $68.80 stop loss recent swing high at $76
Friday there was a bid for GOLD not sure if that will continue. $GLD follows unique pattern for price cycle if that is a good start, we expect the price to bounce back to 166 area before it prints a new lower low. If you decide to take a long position make your stop loss at $158.3 with target price 166.50
A few weeks ago, we commented double bottom breakout formation and it achieved both upside targets. Now, price violated both 9/18 ema but still the stock is within a bullish zone. If you are short from $28.5 book profit as soon as possible and get ready to ride the car upside one more time with target price :$31 stop loss at $25
SCT with high volume suggests the measured move of 32% move can be achieved in 6 weeks. If you decide to take this long position make your stop loss at recent swing low $13.50 with target price of $20.4
This bearish pattern needs confirmation. Will short if price opens below the rising support line. If u decide to take short position make your stop loss tight. FC drama can put this pattern at risk and can create a problem. Trade less, save more!
Shorted this and see another possible 6% fall from Friday's close. If you decide to take this short position make your stop loss tight $42.50 with target price $39.50
Volume confirmed this bearish pattern, and expect a possible 20% drop from Friday's close. If you decide to short make your stop loss recent swing high at and around $16/16.31
There is higher chance that we will see 10% upside move next few weeks. This is a very reliable bullish pattern if identified correctly. If you decide to take a long position make your stop loss at and around recent swing low $41.50 with target price $46.60. You can join us woowtrading.net
If confirmed this bearish pattern has a potential of 25% downside move or measured move. If you decide to take a short position make your stop at recent swing high $16 with target price of $12.50. If you are option trader, you can join us woowtrading.net