ed waiting for pullback utilities sector looking strong
daily timeframe shows positive trend strength and rising MA's
intermediate shows rising MA's with Short term MA slightly weakening
looking for pullback into support area of 81.00 area and bounce back to 81.60 area for a retest of resistance
obv showing positive volume pressure
Short term MA and VWAP working as dynamic resistance and looking for entry down at support
Volume Indicator
TXN bull flag Ride the Trend!Sector performing strong
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95
WBA potential trade setuplong term trend is trending down finding support at 80.21
looking to play for a mini breakout short term
ascending triangle on intermediate time frame
increasing positive volume pressure/ increasing relative strength
measured move up to around 82.32 resistance area
risk reward ratio= 3.25 stop at 81.15
remaining cautious as longer trend is to the down side
AMFE Nice move here off of the .08 support and 10sma.AMFE Nice move here off of the .08 support and 10sma. After three days here of profit taking AMFE made a nice move bouncing off of the 10sma on Friday 05-05-2017 with 3 million in volume. There is a gap at .0760/.0823 that could fill if volume slows down. Current support levels .08/.0750/.0640/.0525 and Resistance levels .0887/.0950. Watch for a possible breakout here with the break of .0950. Chart looks to be setup here for another move.
AMLH is back on the move 05-05-2017AMLH is back on the move bouncing off of the 10sma which is currently at .0074 closing the day at .0089 on 05-05-2017 with 122 million shares traded. Current resistant levels are at .0089/.0105/.0110 and Support levels at .0059/.0048./.0035. A break of .0105 AMLH will be a breakout and could go much higher imo.
NTEK made a bullish move on 05-05-2017NTEK made a bullish move on 05-05-2017 bouncing off of the 30sma at .0406 with heavy volume closing at .0480 above the 20sma which is at .0474 on a heavy volume day of 1 million shares traded. Current resistance levels 0.0480/0.0528/.06 and Support levels .0410/.0340/.0290. With a break of .0528 would be a breakout here.
long lsxmk - expansion breakoutwith so many earnings this week it's not easy to find breathing space so i'm only really interested in hit and run jobs and lsxmk fits the bill for another expansion breakout buy stop in at 41.03 with 1 day expiry