leslieyimsm

leslieyimsm Updated 

1st of all, I think the market is heading for a correction. With that, I'm looking for stocks with weak momentum to short. AMD broke down support and currently retested it. Not looking like it will go back up to the upper trend line. Target profit 1 at $80, but likely it should hit target profit 2 at $75 If you trade options, you can buy the AMD 82 Mar 19...

leslieyimsm Updated 

This is a Daily chart of Facebook Inc. A couple of chart patterns to observe here: 1. It has broken down from a symmetrical triangle, retraced, and now heading down. 2. It is also an inverted cup & handle pattern. Although it has still in an uptrend, I will prefer to exit any exiting trade and wait for it to head down lower to target profit 1 and/ or target...

leslieyimsm Updated 

This is Corn Futures Weekly chart. This chart pattern usually predicts a very strong upward move! It's an up-sloping pennant pattern while the Stoch RSI shows a down cycle. This suggests that price are experiencing an uptrend in what is supposedly a typical retracement. Price has already bounced off the 20MA on the Daily chart , which means the better entry...

leslieyimsm Updated 

This is Gilead Sciences weekly chart. It's been on a very long term down trend. This year's breakout of the recent trend line doesn't signify much as it is halted by the 50 moving average. It is holding at 64-65 support level. Using the Stoch RSI as a cycle guide, it might have an up cycle but a weak one. It might go up to 66-68 level before heading down. If it...

leslieyimsm Updated 

This is a weekly chart of Equitable Resources. 1st; It has broken a very long term down trendline. 2nd; there's a build up at the end of a 10 month range. 3rd; on the Daily chart, there's a "Eve & Adam" double bottom. Based on these chart pattern, I'm looking to go long when there's either a) a range on the Daily, which I'l look to enter at the low of the range...

leslieyimsm Updated 

This is a counter trend trade. AAPL is still in an uptrend, and so trade this idea under watchful eyes. The chart is a 4H chart and it is currently at the 127-128 support level. The support level should hold and caused a bounce back up. But because it has broken a recent up trendline (1st point on Jul 20 2020 and 2nd point on Sept 21 2020. Note: I take all lines,...

leslieyimsm Updated 

Mastec broke through all time high at the beginning of the year. Typically after every breakout, there should be a retracement. None for Mastec! What happened instead was price continue to go higher by the week. The current pattern is an upsloping flag pattern, and it usually signify significant up move. Target profit 1 is a huge $23/ 44% within the next 3...

leslieyimsm Updated 

This is a Daily chart of Target, currently in a very healthy uptrend. The chart pattern i've drawn isn't exactly a cup & handle. You can argue that it's an inverted head & shoulder, although technically inverted head & shoulders pattern are usually a chart pattern to signify reversal from a downtrend. BUT I don't subscribe to the EXACT patterns, but more of the...