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SPY to decline from $235.50 to $232.50, Consider $235 Put optionSPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts $235 Put option * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Pullback to $23.50 Exit Target Criteria- $232.50 Stop Loss Criteria- N/A Option- Short term $235 Put option (Speculative) Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMEX:SPYShort
by AcornWealthCorp
FRSH - Flag formation Long from $6.23 up-to $11.93FRSH came in of our fallen angel scan on March 30th, at $4.50. It rallied all the way to $6, consolidated & now braking out new territory today. We also like it as long as it is not following the market (Low Beta) & it has strong bullish pattern. To play this we would also look at August $5.00 Calls (currently $1.54) * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Fallen angel(Broken) ; Flag formation (Forming) Entry Target Criteria- Break of $6.23 Exit Target Criteria- 1st Target- $9.37, 2nd Target- $11.93 Stop Loss Criteria- $5.43 Option - Would look at August $5.00 Calls (currently $1.54) Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:FRSHLong
by AcornWealthCorp
COGT- Flag formation & huge insider buying Long from $4.54 to $6COGT seems forming a flag formation. On the other side it has a tones of insider buying. Executive Chairman of the Board picked up around 20 million worth of shares just week ago. There are some other insider buying as well. Overall it seems very interesting Long set up. * Trade Criteria * Date First Found- March 28, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $4.54 Exit Target Criteria- $6.00 Stop Loss Criteria- $3.97 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:COGTLong
by AcornWealthCorp
NUGT - Strong Gold, aggressive Long from current price to $11.57NUGT has an aggressive Long set up as Gold showing strength & tethering its short-term double top resistance. In the hourly frame we can see half-decent downward channel & it appears to break above. So we would consider entry at current price. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- Downward channel & strength in Gold Entry Target Criteria- From current price Exit Target Criteria- $11.57 & higher Stop Loss Criteria- $8.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMEX:NUGTLong
by AcornWealthCorp
EEQ - Fallen angel type Momentum Long at the break of $18 EEQ is an energy stock that seems forming a fallen angel pattern recently. On the other side Energy sector seems breaking out of a downward channel & getting ready for a short term rally. Along with the Sectorial strength, EEQ seems an interesting Long set up. * Trade Criteria * Date First Found- March , 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $18 (Further update coming) Exit Target Criteria- Momentum Stop Loss Criteria- (Further update coming) Please check back for Trade updates. (Note: Trade update is little delayed here.)
ELong
by AcornWealthCorp
CHS - H&S formation Short from $12.96/13.34 to $9.57CHS seems forming a H&S formation in weekly frame and in the daily frame it is breaking down all the MA lines & strong support labels. We think it will decile from here down to $9.50 area. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- H&S formation Entry Target Criteria- break of $12.96 or bounce to $13.34 Exit Target Criteria- Target 1- $10.14 Target 2- $9.57 Stop Loss Criteria- $14.07 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CShort
by AcornWealthCorp
IDT - Fallen angel pattern Long from $13.04 to $16.13IDT seems forming a fallen angel formation. After a huge decline, it is showing some strength now. It crossed above EMA lines & moneyflow is accumulating. We think it has decent upside potential. * Trade Criteria * Date first found- April 4, 2017 Pattern/Why- Fallen angle Pattern Entry Target Criteria- Break of $13.04 Exit Target Criteria- $15.17 and $16.13 Stop Loss Criteria- $2.27 and $11.93 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:IDTLong
by AcornWealthCorp
ROST - Short from $64/$62 to $56ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or Pullback to $64 Exit Target Criteria- $56 Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ROSTShort
by AcornWealthCorp
CY - Upward channel breakdown Short from $13.16 to $11.83CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Possible momentum trade Entry Target Criteria- Break of $13.16 Exit Target Criteria- $11.83 Stop Loss Criteria- $13.79 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CShort
by AcornWealthCorp
FRAN - H&S formation short down to $10.17FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area. * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $13.93 or rally back up to $14.93 Exit Target Criteria- $10.17 Stop Loss Criteria- $15.75 Please check back for Trade updates. (Note: Trade update is little delayed here.)
FShort
by AcornWealthCorp
BZUN - Flag formation Long from $17 up to $23.87BZUN is forming a flag formation in weekly frame. It also formed an ascending triangle, which seems broken out recently. So we have short term target for ascending triangle & a long term target for weekly Flag formation. * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Flag formation (Weekly), Ascending triangle Entry Target Criteria- Break of $17.03 Exit Target Criteria- 1st- $18.56. 2nd- $23.87 (weekly flag). Stop Loss Criteria- $15.72 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:BZUNLong
by AcornWealthCorp
BLDP - Flag formation long term long up to $4.34BLDP is forming a nice flag formation with huge volume, rally was backed by a recent contract. However, in the weekly frame it is forming nice upward momentum. We think it has very good upside potential in long term. * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Flag formation Entry Target Criteria- Break of $2.83 or pull back to $2.70 Exit Target Criteria- $2.47 Stop Loss Criteria- $4.34 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:BLDPLong
by AcornWealthCorp
EVRI - Flag formation potential Long from $6 to $6.66EVRI seems to be flagging. We would not buy it now, we would watch its intraday activity tomorrow. We would like to see a break of over head resistance for the entry. * Trade Criteria * Date first found- April 11, 2017 Pattern/Why- Flag formation Entry Target Criteria- Watching for breakout of over head resistance, possible entry at Break of $6 Exit Target Criteria- $6.66 Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:EVRILong
by AcornWealthCorp
BW - Fallen angel type Momentum Long from $9.56 to $11.53BW forming a nice fallen angel type momentum Long setup. Made a nice rounded bottom, and crossed above sharp reversal area today. We think it has good upside potential if it can break above $9.56 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Fallen angel type Momentum Long Entry Target Criteria- Break of $9.56 Exit Target Criteria- $11.53 Stop Loss Criteria- $8.83 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:BWLong
by AcornWealthCorp
NYMX - Potential Long at the break of $4.50 NYMX seems forming a nice flag formation. We discussed an intraday long opportunity on Thursday trading-room. Now we are keeping it in our watch list for potential long if it breaks above $4.50 * Trade Criteria * Date first found- April 10, 2017 Pattern/Why- Potential Flag formation Entry Target Criteria- Break of $4.50 Exit Target Criteria- N/A Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp
SIX - Weekly frame H&S formation Short from $56.56 to $42SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $56.57 Exit Target Criteria- $42 Stop Loss Criteria- $60.93 Please check back for Trade updates. (Note: Trade update is little delayed here.)
SShort
by AcornWealthCorp
IMPV - Uptrend breakdown short from $40.73 to $26.33IMPV is breaking out of an upward channel, It has big insider selling & its Price/Free Cash Flow Ratio is really high(239.95). We think it will decline from here, however break of $39.19 would be the big fall confirmation that would validate the H&S formation its forming on longer term. * Trade Criteria * Date first found- March 20, 2017 Pattern/Why- Upward channel breakdown, long term H&S formation Entry Target Criteria- Break of $40.73 Exit Target Criteria- $26.33 Stop Loss Criteria- $43.07 Option - Would consider June $42.50 puts currently 3.91. Please check back for Trade updates. (Note: Trade update is little delayed here.)
IShort
by AcornWealthCorp