brianmontgomery

brianmontgomery

LULU has been showing the bullish support I've been waiting for for over a month. We double bottomed and are breaking the neckline now.

brianmontgomery

I've been bullish on X for a while now, but it is setting up a textbook head and shoulders if it cannot break the strong resistance at the 20.31 level. Thru earnings, I think X will end up in either of the boxes depending on how they report. Looking for feedback on this one.

brianmontgomery

I missed the pop I was waiting for. No sweat. Nothing earned, but nothing lost either. I think that if we play around with an inside candle tomorrow, that we have the potential to see higher highs still. BUY THE BOUNCE

brianmontgomery

Not sure which way this is GOING to go, but I think it COULD potentially go either way. Been in a pretty well defined channel for some time now. I think when we break the channel, volume will come in and we will trend in a direction.

brianmontgomery

If X pulls back to the EMA50, I will be looking for a short on the bounce of resistance. We have not broken the EMA50 this entire bearish trend. However, if we break the EMA50 and close bullish, I think it could be the reversal and would look to enter bullish.

brianmontgomery

This is the first time in the past 6 weeks AAL has broke its resistance with any sense of strength. If we break 37.00, this could prove to be the breakout day.

brianmontgomery

TWTR has trade backward off its bullish run from the first half of AUG and has since stopped its movement on the support level at 18.67 (or so). If it bounces, this could be a good entry on a run back up to the 20.84 level (or beyond?). Otherwise, I'm looking for the rollover. My instinct is telling me we are going to bounce or stay sideways over the short term.

brianmontgomery

AAL has been stopped in its tracks at the 36.70 or so mark for almost an entire month. Today is the first time we have broken through this level. Is this AAL's signal of a bullish move? This analysis is part of a trading challenge where I indicate my trades only using the EMA50

brianmontgomery

SBUX has fallen through support of 55.20 or so and is continuing its bearish trend. Entry can be placed below the low of today and a stop either above today's high, or more tightly at the 55.20 mark. If it goes bearish, it doesn't have much support until it gets down to the 53.40 zone so it could turn out to be a nice little short. This analysis and trade set up...

brianmontgomery

Since Mid-July, AAL has battled resistance at the 36.72 mark. If we can break this, AAL may have some room to run bullish. I will be watching this to see if it can finally smash through the cieling.

brianmontgomery

X has been getting crushed recently and has 1) broke through the EMA50 on a bearish plummet and 2) Traded down to a support. I will set my entry below the support with a target of around 17.94. This analysis and idea is part of a trading challenge where I only indicate trades with the EMA50. I am doing paper trades and will not actually be entering with my own account.

brianmontgomery

If we can close above the resistance around 14.90, I think we have a decent opportunity here to see a 2R trade. MU has been staying well above its EMA50 and I think has room to rise here. Opening strongly this morning, but I want to see it close above the resistance before entry.

brianmontgomery

Today, TWTR broke through some strong resistance on the 5-minute chart at the 19.59 level. It has stabilized and continues to climb. As such, my stop from yesterday at the 18.75 level seems low. I am placing my next stop at the 19.30 level because this is under a couple of support levels TWTR has bounced off of on the 5-minute chart today. I am still confident in...

brianmontgomery Updated 

In the linked idea, you can see my original trade set-up on TWTR. Now that we have broke the 18.90 Target 1/ Critical Resistance, I am really starting to get excited about this trade. On the 5 minute chart, you can see the momentum pause at the 18.90 mark before streaking to almost 19.60. It seems as though we may level out and develop a support on the 5 minute...

brianmontgomery

X Gapped down today pretty big. If you look at where it opened, anyone who has bought in the past 9 trading sessions started the day down. Could this cause people to close their positions on the day and bring us lower? I thought I was bullish on X until this happened. We will have to watch how the market reacts. This idea and analysis is part of a 3-month...

brianmontgomery

SBUX has been hanging out around its support level I was looking for it to break for a couple of days. With a bullish candle so far today, which way will it go?

brianmontgomery

This morning, AAL had gapped up and traded up to the level of the big bearish candle from 2AUG. Since then it had been trading downwards. If AAL can catch support intraday today and into tomorrow, it might be a good time to enter. Otherwise, if we roll over back towards the SMA, I would need to watch this for a couple of days to determine where to go from there.

brianmontgomery

AAL has bounced of its SMA50 and is showing signs of a bullish run here. I have diagrammed out a bullish trade with both a very conservative stop (as far as for a swing trade), and a conservative target. Even with these levels, the Risk to Reward ratio is sitting around 1.5 for the trade. This might be a good point to get into this trade in hopes of breaking the...