mologna

mologna Updated  Dec 11, 2017

All, BTC is of course gathering a lot of attention. Looking at the chart you can see a nice pretty "bull flag" forming - almost textbook. This times nicely with the overall market as FUD grows about Futures launch today and next week. It's a pretty logical consolidation time as weak hands drop coins and strong hands pick them up (my suspicion, at least). If you...

mologna Updated  Dec 8, 2017

Stellar Lumens was listed on binance today. Cryptos usually tank when that happens, and XLM was no exception, which presents a solid buying opportunity. Furthermore XLM is a solid platform that has great growth potential long-term. As you can see from the chart, XLM is showing signs of a cup-and-handle formation, along with increasing volume as we enter the...

mologna Nov 3, 2017

GE is showing strong support just below the $20 mark, and this aligns with previous support levels. We're also seeing an enveloping bullish candlestick pattern on the daily and, on the 15 minute chart, an ascending triangle. These are all bullish signs. Look to enter a small position long by today's close if signs continue positive, and increasing this position...

mologna Apr 11, 2017

Tiffany has broken support. Wait for a nice pop back up or enter immediately, your call. Place your stop just above the new resistance line. Symbol: TIF Logic: Supoort breakdown, strong cloud formation, confirming candlesticks. Position: SHORT target: 88.10

mologna Updated  Apr 11, 2017

AT&T is entering its reversal zone and is gearing up for a good long play. Symbol: T Position: LONG via May 19 41 CALL options - April 17 41 too close for comfort and April 17 40.5 does not have enough open interest Justification: Bull reversal zone Strategy: Wait for candlestick indicators of reversal (hammers, engulfment, etc) that are supported with...

mologna Updated  Apr 7, 2017

HFC is in a good spot for a 24 hour trade. It has shown clear signs of bottoming out and should bounce to at least $27. This is evidenced RSI and candlestick patterns on both daily and hourly, candlesticks on both daily and hourly. Position: HFC LONG Asset: April 17 $26 CALL options. Logic: Hourly envelopment candle, daily hammer / doji candle at supporting...

mologna Updated  Apr 3, 2017

JCP has shown a falling wedge for the past 6 months. It is now breaking out of this falling wedge. Great buying opportunity!

mologna Updated  Apr 3, 2017

Philip Morris ($PM) is showing some great short entry signals: M bollinger bandpattern on decreasing RSI. Second, slightly lower peak with decreasing volume. Bearish engulfing candle with almost no lower wick means no buying pressure at the close. Personal Strategy: Given the bearish engulfing pattern, an immediate entry is acceptable. Take some...

mologna Mar 31, 2017

APO has broken resistance at the $24 level. It should continue on to the $25.73 level which is next resistance.

mologna Mar 31, 2017

SHLD (Sears Holdings) has been in a downtrend for a long time. It recently spiked on positive consumer data, but that won't last. Strategy: Wait for it to confirm this rejection by moving below $11. This ensures that it doesn't complete a flag pattern, breaking resistance. Using April 21st PUT options could net a nice profit. There's currently 4,883 open...

mologna Mar 31, 2017

Should be pretty self-explanatory, but INTC currently sitting at its ascending trendline support level. HOWEVER, looking at the 15 minute chart shows an ascending wedge pattern. So look for it to break above $36.00 before making an entry, as that would signify a failure of that pattern.

mologna Updated  Mar 30, 2017

LULU is getting absolutely HAMMERED after-market due to bad earnings. It's almost down to $55 overnight. This represents an unprecedented buying opportunity... provided it doesn't fall through the floor I've outlined. Watch the price action closely at the open. If there's lots of buying pressure, consider jumping in and riding the gap fade up. Could be extremely...

mologna Mar 30, 2017

PZZA (Papa Johns) is looking like a solid short set up. Logic: Breakdown of support on Feb 22nd on serious volume. bounce off 73.63 support in a descending wedge pattern followed by a recovery up. Trouble the past two days breaking the closing price of the Fed 22nd move, as evidenced by the long wick yesterday. H&S pattern forming. cloud resistance...

mologna Mar 27, 2017

IWM has punched through its cloud and is forming a nice bearish flag pattern on the daily. On its hourly it is showing a shooting star near its hourly cloud, and7-period RSI has re-entered neutral territory. Furthermore, April 17th $133 PUT options currently have a MASSIVE amount of open interest, almost 80,000. This shows that institutional investors are...

mologna Mar 22, 2017

Don't think I need to spell this one out. FB currently at the top of its ascending channel with a massive engulfing candle and some serious downside pressure. Previous moves to the bottom of the channel have often happened extremely rapidly (see the initial november move). Personal strategy: Use april puts to provide the most leverage on the initial move, but...

mologna Updated  Mar 21, 2017

ILG is showing the following bearish signs: Ascending wedge pattern MACD divergence Decreasing volume Shooting star candlestick Furthermore, it's put "sizzle index" (aka the demand and relative volume of put options) is skyrocketing, meaning that the owners of this stock are wanting downside protection. All very strong downside...

mologna Mar 17, 2017

GILD recently bounced to its .618 retracement on what is likely a short squeeze via trading algorithms at the open. Enter this puppy short for the next downside wave. Target should be $65.

mologna Mar 16, 2017

SBUX is bouncing quite nicely off support on the daily chart. It is also forming a flag pattern on its hourly chart. Finally it is nearing the logical end of its monthly elliot retracement pattern. All signs are bullish, and now would be a good time to enter long. Look for a target of 57.50, but any break of the upper resistance line will trigger a new buying...