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sphen Updated 

Churchill Downs broke through, closed, and has retested the ascending wedge trend-line. Targeting the $90.00 area with a mental stop above the broken TL.

sphen Updated 

Shorting $PINS at the 50% fibo with an RSI TL and Oversold indication. Pinterest has historically performed poorly even prior to the pandemic. Great short setup in play for a good run down.

sphen Updated 

Zoom Communications has retested and is respecting the upper band of the ascending wedge-line, we can confidently take a short position with low risk. NASDAQ:ZM has had its fair share of negative publicity regarding recent data-breaches and is widely viewed as overpriced in terms of price-to-earnings. Short Term Target: 132 Bottom Wedge Target: 116

sphen Updated 

Roku has stalled out at the upper bounds of the descending trend-line, we saw a volume spike near the top followed by a relatively strong red candle, my short-term profit target is the 107.8 area. Stop above the 132 area as this would signal a likely continuation upwards.

sphen Updated 

Exxon Mobil broke it's uptrend trend-line late last week. Today we saw a retest of the broken trend-line with reasonable rejection and notable volume near the highs. I'll be looking to target the 39.3 area.

sphen Updated 

25% gap up? I'm not buying it! Trading the trend-line rejection targeting the $25 area.

sphen Updated 

Uber successfully close below the 61.8 fib and rejected the long term trendline. I'll be targeting the $29 area.

sphen

This short play is from the latest hourly candle break of the current uptrend, we could see large movement down. First target is 275.5, will consider keeping the position opens for earnings depending on tomorrows action.

sphen Updated 

Beyond has gained major traction after COVID-19 and China's opening as well as solidifying deals with large corporations like $SBUX and others. With COVID-19 and the recent news of issues with supply chains regarding meat production we saw a major move to the upside last week. I believe we will see a large correction in the coming week, however I do believe the...

sphen Updated 

Natural gas has extended up to the longer term trend-line creating an opportunity for a short position with a relatively low stop-loss. Stop-loss above the upper band, take profit near the bottom of the band. Added note: this is also technically a wedge breakout to the upside in the shorter scheme of things, however with R:R being astronomically favorable a good...

sphen Updated 

Tyson food has been recently hit with supply chain issues and is currently ranging in a tight wedge. We could see one last test of the upper band, however, the probable play is a breakout to the downside. Note: Pay attention to $TYS news for the determination of your exit strategy as things can easily get worse or better. Stop loss above the upper band.

sphen Updated 

LTC breaks out and retest, confirming breakout to the upside.

sphen Updated 

ZM Communications has received plenty of negative if publicity over the last couple of weeks. We can see here that technical's have made a second rejection off the upper band signaling a short position setup. Stops should be placed above the upper band, profit taking can take place at lower band, or hold to see lower band rejection.

sphen Updated 

Marriot has retested the upper bounds of the topside wedge. We should see a move to at least see a retest of the lower bound and wait for a breakout below.

sphen

Proper

sphen

PINBAR AT RESISTANCE IN LINE WITH OVERAL TREND - STRONG SHORT

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sphen

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