wave3trading

wave3trading

AAPL might break out of a flag Monday. On watch to see if the idea confirms.

wave3trading

WMT is a good watch here as it is right up against resistance around 80.50. A lot of green candles leading up to this resistance area so we will need a lot of momentum to break through as a lot of people might be taking profit around here after so many days of going up. The next few days should be telling.

wave3trading

If CLVS can maintain above resistance, we can be pretty bullish on the name.

wave3trading

VZ looking bullish coming of of the flag and could possibly head to $50. I'm looking to buy on dips intraday.

wave3trading

BIDU has not been able to break out of $200 all of 2016 and has had no success so far in 2017. It is now inching up there so this $200 area here right now is quite critical. Keep it on watch. We may have a trade in one direction or the other.

wave3trading

I analyzed the past few breakouts to see how far they run before it consolidates somewhat. It looks like it usually runs around $10 which is pretty close to where we are at now so I will have a short bias with FB for the next few days on my day trades with it.

wave3trading

TSLA could break below flag and go lower forming a head and shoulders pattern or if it breaks above it shows it is pivoting up again based on the 38.2% retrace area and make a Elliott wave 5. We will have to wait to see which way it goes. Wait for the breakout of the resistance line or break below of the flag.

wave3trading

MS can go either way, it could go back into sideways action or break that top on the chart at $47. We will see in the coming days which way it goes.

wave3trading

YELP broke out of a channel and could confirm tomorrow for a long opportunity.

wave3trading

YY can breakout if it can break thru 64.25 area. The next price resistance is around $80 so very good risk/reward for longs.

wave3trading

WB just came out of channel or flag pattern so look for tomorrow for confirmation to the upside.

wave3trading

CTL had a failed breakout that probably push many bulls to give up on this name. If it breaks below this sideways channel it has been in for a while now, it could go down quite a bit. The only concern is it has run straight down quite fast so far so we will see if there is enough momentum left to push this thing below or will it have to consolidate first.

wave3trading

NFLX heading into layers of resistance so unless the tech sector stays as hot as today, it may take a breather and consolidate down or sideways for a few days before trying to break through. Also consider that it has run up a lot very quickly already so it will take a lot of buyers to keep the momentum going.

wave3trading

WBMD relative weakness with the overall market up strong. It also looks like it will break down below the flag.

wave3trading

BURL range narrowing and looking to break below the triangle.

wave3trading

LOW is a good watch for the 75.85 break. It is coming out of a triangle and what looks like a mini head and shoulders pattern.

wave3trading

BABA has been consolidating up for a month so the day it breaks previous high of148.29, it could push a bit higher.

wave3trading

FL is at a interesting point right now where it could go either possibility that I drew out. I think if retailers remain weak, it might just go straight down so I will be trading it as a day trade on the short side until one of the two possibilities confirm.