DAL upwards trend to continue. OWS pattern and fundamental analysis suggest DAL is a strong buy. stop below low, enter with a move higher. Close position just below $59.
I believe AMZN will climb higher over the next couple of weeks and reach an all-time high. A strong one white soldier pattern formed in the upper part of a channel. Based on behaviour 6 months ago, I think the same thing might happen again.
12/30/17
Nice bullish trend. I think NVDA might break past $200 again soon.
Buy above $193 support, stop above $187 support and close around $220 resistance. R=$500, $6.4 stop gap, 78 shares, 12 days.
12/30/17
Bearish reversal
Enter with a close at $56 resistance, stop above the high at $57 and lock in profits at $52 support. R=500, $1.26 stop gap, 198 shares, 12-day trade.
Then buy low, sell high :)
DAL has been heading up, and I think it might go farther. If it looks like a bounce is due on the latest resistance-turned-support then I'll buy around $56, stop at $55 and sell at $58. I only expect the trade to take 3-4 days.
On the flip side, a short position could work in the opposite scenario.
12/29/17
Will old resistance at $18 turn into support?
Buy the bounce around $18.40, tight stop at $17.80 and sell for $19.50. 4-5 days trade duration.
$500R/0.56=892 shares
Starbucks has been trending sideways bouncing off various support and resistance levels. I think it's a good time to buy at $58, place stop at $57 and sell at $60 for a 1:2 R:R. Trade duration: 10 days.
