jaxdog

jaxdog Updated 

I took a chance on AMEX:IWM yesterday on the reversal candle. I liked the action today as it followed through. It did get rejected today right at the area of horizontal resistance although it did close in the upper 2/3 area of the candle. I look at that as being bullish. I will look to add to my ½ sized position if / when it can get over that flat resistance...

jaxdog

Looks like NASDAQ:CFLT has retraced its latest uptrend back to around the .618 Fib level. It is now hanging just under the 50% retrace level. I am not a big Fibonacci trader, but I do like to look at retracements and the .618% and 50% levels seem to be levels where stocks “can” make a turn. I use trendlines and support / resistance areas for my trading style....

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IDX:CYBR is in the internet security business and this sector is looking healthy. I like this one for several reasons. First, it is in an upward sloping trend channel. It has just closed in a 3-week tight pattern. CYBR has also been testing the area of resistance to the upside for a few months. It broke out 6 weeks ago but did not have the volume. However, it did...

jaxdog Updated 

It looks to me that NASDAQ:MSFT is in a Falling Wedge Pattern. Often these resolve to the upside. It looks to me that NASDAQ:MSFT is testing the top of that wedge now. This may be one you want to watch. I have an alert set for a move over $332.60. If it triggers, I will look at a lower timeframe for an entry. This may have a run-up before earnings which are in...

jaxdog

AMEX:VTI – Vanguard Total Stock Market ETF looks to be forming a Cup with Handle on the Weekly Chart. I have an alert set for a cross over the top if the handle trendline. If the market firms up and this triggers, I will use a lower timeframe to look for a good RR entry and stop loss. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

jaxdog Updated 

The Communications Sector has been doing well in this choppy market. This Weekly Chart shows AMEX:XLC forming a flat base. And compared to other sectors it is showing good Relative Strength. I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss. Ideas,...

jaxdog Updated 

NASDAQ:ACMR has been in a Stage 1 Base for about 9 months now. Then It got an upgrade to Buy on July 3 and broke out above the latest area of resistance as well as over the 18 Month AVWAP. It then pullback on lower volume (textbook) and is now ready to retest that breakout area once more. I will be looking to go long on this with an entry set-up on a lower...

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NASDAQ:QQQ Until and unless NASDAQ:QQQ drops out and stays out of this weekly channel it seems obvious to me that bulls are in charge. Of course, that can change and quickly but until it does, I remain in the bull camp. This pullback and sideways motion should help set-up more stocks for good entries. All TBD. So far, (it's mid-day on Thursday so a day and a...

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NASDAQ:AMZN I am looking / waiting for Amazon to break above this area of resistance before I get involved. If we get an improving market ( I don't know if we will) then I expect Amazon can head back to recent highs. I have an alert set on that line and if / when it breaks thru I'll start looking at a lower timeframe to determine a good entry and stop...

jaxdog

NYSE:WSM broke out of this consolidation area this morning on big volume. With just over an hour into the trading day it's traded about 1.9mm shares and it's 10 day average is 1.1mm shares. At this run rate it should trade 8 - 9mm shares before the day is done (TBD). I took a position and placed my stop just under the area of previous resistance. Let's see what...

jaxdog Updated 

NYSE:PATH has been consolidating in a stage 1 base for a while now as shown on this weekly chart. I see NYSE:PATH is putting in a series of higher lows and is sitting just under an area of resistance. The breakout looks like it would be over $20. I'll be looking at a lower timeframe and a good market to get involved. See relevant notations on the...

jaxdog Updated 

It is hard to believe but there is a lot to like about this NYSE:SHOP chart. What I like is that it has recently come back and touched the rising 40 Week MA (white). It Just bounced off the AVWAP from all time high (meaning that the aggregate of shareholders since that time are in the money). It is well above the 18-month AVWAP. And it is moving up through the...

jaxdog Updated 

AMEX:RSP is very interesting here and I have started a full-size position as I can easily define my risk with a stop just under the most recent daily low. See chart for notations. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

jaxdog

I have had my eyes on NASDAQ:APPN for sometime now waiting for a breakout past the upper area of resistance. Hasn't happened. Now it looks like it is running into 2 possible support areas where it "may" reverse and head back to the upper range and maybe even breakout. I don't know. having said that, I will be looking for a reversal trade in the next few days....

jaxdog Updated 

NASDAQ:ROKU had been basing for about a year before breaking out on Earnings on July 28th on massive volume. That was followed up with 2 more days of heavy buying volume. It has since pulled back near the original breakout area and forming a possible Bull Flag. And if you were to zoom out to a weekly chart, I can see this as being a Cup w/ Handle formation. I...

jaxdog Updated 

I am long NYSE:NET with a half-sized position. I am anticipating a move above both the horizontal area of resistance and the downward sloping trendline. Looks to me to be a do or die here. The most positive thing on the chart IMO is the move over the upward sloping 40 Week MA. That will also serve as my stop area. See chart for thought process. Ideas, not...

jaxdog Updated 

NASDAQ:ZS I have most relevant info on chart. I have an alert set on the upper resistance line on the chart. It did exceed that but pulled back in this tough market. I will be looking for both the market to improve (who knows?) and NASDAQ:ZS to break above that area. The bad is both the market and NASDAQ:ZS did put in a lower low most recently. In any event...

jaxdog Updated 

Back on July 31st I published an idea that NASDAQ:NFLX may be breaking out. Well, it did for just a bit but that failed. Fast forward to today, 8/21/2023 and it looks to me that we “may” have an H&S Pattern with a clear neckline as I see it. It dropped below that line last Thursday and looks to be ready to test it from the underside. If it can get up, over and...