ClearCutTrading

ClearCutTrading Updated 

Pattern: Upward trendline resistance, looking for a rejection of that line with continuation. ETSY is also at the top of the bollinger bands on the daily, weekly, and monthly charts. Also, bearish divergence in the moneyflow chart. Edge: The stock has risen almost 300% in 2018 alone, and we are shorting the rally here looking for a retracement of that gain. We...

ClearCutTrading Updated 

Pattern: Upward channel support was broken to the downside, now it is retesting the support as a new resistance line. This price area has been high resistance area in the past. Edge: Twiggs money flow trending down slightly. This is more a pure play on the pattern. Risk Management: Entered short at $344.50. Stop loss is $353.50, PT1: $320, PT2: $300. Risking...

ClearCutTrading Updated 

Pattern: AMD broke above its downward trendline and today pulled back. Edge: Positive Twiggs money flow, the stock is entering a "squeeze". Risk Management: Buying at $22.33, stop loss $18.94, PT1: $22.70 (right around gap fill), PT2: $24.80