BBTrader29

BBTrader29 Updated 

Shop is extremely overextended and has begun its round down pattern on the 4hr chart and daily chart. On the weekly chart there has been a bearish harmani established. All signs point to pullback, looking for $244 as first target and $230 as second target. Initial target is 6% profit. Will sell if it continues above $267

BBTrader29 Updated 

SNAP is looking bearish, just completed its head and shoulders pattern right before a gap down in the chart to $10. Looking to breakdown and fill the gap for a 5-7% gain. The weekly chart has a round down pattern forming as well. Risk reward ratio is 1.25:1

BBTrader29

CAT has reached the bottom of its trend and is overextended on its Bollinger band and stochastics. It has formed two doji's back to back days at bottom of channel. I'm looking for a quick bounce back up to $135 for profit 3-4%. Using option call play.

BBTrader29

AAPL has just had a golden crossover of the 50sma and 200sma, which is typically a very bullish indication. Match that with heavy support at the 200sma, upward trendline, bottom of Bollinger band and a doji candlestick at the bottom of trend - it looks like we will get a bounce. Due to the uncertainty of the market and trade war implications, its best to get in...

BBTrader29 Updated 

C has tested upside resistance over three times and has broken it and closed multiple days over the line on the daily chart. I do think we will see a rotation from tech into financials for the next several weeks. I'm looking for profit potential to $75-$78 for 6-9% gain. If my idea is false I would look to sell at support trend line.

BBTrader29 Updated 

WMT showing a strong weekly chart. Price has tested resistance 4 times, and seems to be set-up and posing for a breakout thru resistance. The last weekly candlestick closed in the green as a harmani, showing a strong signal as well. I'm currently in at $102 looking for upside to potential to $106-110 for 4-8% gain. Will set stop alert at support level if idea...

BBTrader29 Updated 

TSLA has finally broken out of its range that it has been stock in over the past two years. It breakout of its support level and closed not only the WEEK but also the MONTH charts below support on HIGH VOLUME. The weekly and monthly charts indicate longer term range for the stock and show the bigger picture. TSLA also broke down through support after forming a...

BBTrader29 Updated 

DXC has broken out of its flag pattern on the daily chart to the downside. I would expect a quick profit and shorting to $61 range. That's about half the range within the flag consolidation it was in, which is typical measurement of breakout potential. I put a stop alert at the $65 level which is right around moving average resistance. 1:1 risk/reward ratio on...

BBTrader29 Updated 

TXN has tested all time high resistance over three times and is heading up to its 4th test. With each test, the resistance gets weaker, leading me to believe we will see a breakout of roughly 6% for swing trading purposes where I would take profit. The market and major index's have been choppy over the last week and have made new highs then have been slightly...