jkaspar11

jkaspar11

Looks to me that $IQ will consolidate for the next few weeks in a larger wedge pattern. The stock has doubled in a short time, now it needs a break for the next move up. I believe major support will be found at $34.50, and where I have a buy order at. Then it will trade within this wedge pattern before making the next $15 move up.

jkaspar11

Taking a look at the current SPY chart pattern, and a clear H&S pattern is starting to emerge. With a clear break from the ascending pattern today, the SPY looks poised to test the 270.9 - 242.4 area once again. After a test of the old 270.9 support and a relief bounce, will we finally move to the 280 breakout area in late July - August or fall all the way down to...

jkaspar11

$DBX recent IPO names have been hot, but don’t forget about Dropbox. Looks ready to break out of this wedge higher to $34

jkaspar11

After breaking some longterm tread lines yesterday, JD.com showing some redemption today. Going be the final bottoming of year-to-date wedge formation and could now push higher. July and September $40 calls popular last week. Volume drying up, and RSI shows possible inverse H&S pattern ready to move up.

jkaspar11

NFLX Chart trading within wedge pattern on 30 minute chart with higher lows and May 14th HOD being used as current resistance. Breakout to 332.5 area imminent

jkaspar11

Pagseguro or $PAGS, the Square of Brazil, with interesting formation coming out of IPO base. Strong hedge fund interest. H&S formation with a bear flag or larger wedge formation developing?

jkaspar11

$CMG Chipotle forming a wedge on the 30 minute chart. Will go long once it breaks

jkaspar11

Basing breakout on volume. Above 200 D MA. Will watch for pullback to support to enter.