BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation. We think it can decline down to $43 area. * Trade Criteria * Date first found- March 21, 2017 Pattern/Why- Possible head & shoulder formation Entry Target Criteria- $48 Exit Target Criteria- Target 1 45.13 Target 2 42.88 Stop Loss Criteria- $51.03 Please...
YRCW is breaking down some key support. It seems it will decline further. For a perfect entry for short we would like to it pull back to $10.90 or break below $10.63
HQY made a nice little Head & shoulder pattern here. Now it seems breaking off the right shoulder. We think it will decline from here. The decline also supported by the Big insider selling in the multiple millions, multiple execs. Please check back for Trade updates. (Note: Trade update is little delayed here.)
CLX is testing a resistance label from where it previously had a sharp decline. It also seems forming Adam & Eve double top formation. It also has Over 10 million reported insider selling. Overall it is an interesting short setup & we think it can decline down to 113 area. Please check back for Trade updates. (Note: Trade update is little delayed here.)
PTC was our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & head sharply to the negative side. We think it can decline as low as $44 * Trade Criteria * Date First Found- March 23, 2017 (Sent through our intraday text alert) Pattern/Why- complex head and shoulders Entry Target...
PFPT broken down from an upward channel, but cold not decline much. Went up, retested the upward trend line, started to roll down & now we have the sharp breakdown. On the weekly frame it is forming a H&S formation, and also a larger time Upward channel. Overall it is an interesting short & we are looking for some longer term short trade, as low as $45.33. We...
We've seen a holding of a long term trendline on the 4 hour in gold Trigger is a counter trendline break, targeting the outer trendline @1240
NASDAQ:OLED Nice bull flag and has been showing strength since the slight market selloff that wiped traders out on the 21st. barerly even budged. even after earnings it held that old 67.25 support level showing relative strength, next day buyers showed no mercy. Then took a breather now that the setup is there looking to go for another 1. Entry- 86.20 Target- 93+...
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WST seems forming a downward neckline Head & shoulder formation, and it appears to break below the neckline. On the long term chart it seems forming a larger scale H&S formation. Moreover it has 1.2million (approximately) worth recent insider selling. We think it will be an interesting short play at the break of $78
SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Buy idea What do you guys think of this setup?
Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY. As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there. Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64. After that SPY ran all...
SPY appears to be in a short term H&S pattern. It may reverse to $38 area to form the second shoulder & that will be place where we would look for shorting opportunity. At the break of H&S it can decline to $233-34 area. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Possible Head & shoulder formation Entry Target Criteria- Break of...
Hello guys... Here CAD is goes down and I think its time to SHORT it for only 15-18 pips. Good luck !
GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry. * Trade Criteria * Date first found-March 16, 2017 Pattern/Why- Long term double tap Head & shoulder Entry Target Criteria- Break of $24 or...