fqalogtrader

fqalogtrader

SPX is losing its streaming on daily just like starting from 12 Oct each day closing lower than its previous. Near supports are 3510, 3487, and 3406. Definitely, this is base on technical unless some other news catalyst invalidates this trend.

fqalogtrader

GPRN looks like it's forming cup or u shape recover which could be taken to possible 34 targets from here.

fqalogtrader

There is support around 242 also but I guess bearish momentum it can take to 232-282 area where it's gone test the gap and it will revert from there. It's also nearing the oversold region and volume is shrinking too.

fqalogtrader

Big engulf green candle with decent volume. Most likely this wants to touch 178 and could be breakout also. Better would take init capital out on the 178 and leave the free money to run.

fqalogtrader Updated 

Stock stuck in a symmetric triage from the last 2 months. It can break out in either direction. If its break above the triangle around the area 425/430 it can go touch 600 as the pattern rule. If it breaks below the triage then the dotted red line should be the potential stop loss.

fqalogtrader

Waiting to add more to my long position when snap touches the gap area. MACD and two red candles are showing bearish sentiment for the short-term but it's holding 20MA also which is only bullish sign. Potential target could be 43-44

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Shopify approaching supporting area ~838-839 and making Head and Should pattern. It should hold that neckline area.

fqalogtrader Updated 

Up on nice volume today if its hold this area then next resistance 81. Good setup for PL ratio.