L1OE34 trade ideas
Lowes Double bottom with Cup and Handle Mahn?Good evening ladies and gents, safest entries are always at the bottom of a range, but you are showing rounding out price action with divergence at the heartline. What we need to do next is break the neckline of the pattern and then see follow through price action.
Entry: Current Price
Exit: Targets are in the Deep retrace zone between the .786 and the .886. $54.22, $54.53, and $55.13
Stop Loss: $48.63
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LOEWS CORP AWAITING FOR BREAKOUT TO ENTER SHORT IF THE PRICE BREAK THE 53.33 LEVEL. THEN ENTER SELL TP TILL THE NEXT THE SUPPORT LEVEL 50.93
Loews Corporation 11 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
breakout can happen any day (3)its been moving slowely but loews it at all time high and sets its target for the moon!
Long L Symmetrical triangle upside breakout. L displaying strength with a daily higher high and higher low, with the three major indices in negative territory for the day.
Swing on LI'm hoping this one plays out for me. It looks promising. It bounced off the lower B Band. Its at a support.
stock in a channel 8ema heading up to cross 48emasmaller moving average headed up to cross above the larger moving average
Bounce Short at CUE Pendulum HighHere is an interesting stock.
L.
It is in primarily in the insurance business. But has an interest in drilling, pipeline, hotels; and now; containers. I am not sure what is the link between these diverse industries.
As of EOD 25th Apr, It is going sideways for a while in Weekly. Weekly displayed Bearish Headwind a few weeks ago.
Now, in CUE Daily Hop On, it hit the Memory Resistance after rapidly going up for 2 days - both days with Gap Up Moves.
As we don't have a Close below previous day's Close yet, the Bounce Short conditions are not yet met.
One might Short it if in Fine Tune it gives a Low-Risk entry opportunity on 26th Apr.
Earning is on 1st May.
Sagar
L: Bullish Momentum Seen After Fundamentals playedFriends
Nice long in play,
Happily upgraded this stock to a hold, and a target of $44 is expected (Although downgraded from $48), this is still a good stock to participate in. Earnings are expected to show as $0.68 per share...
Best of luck,
Tom
