EchoAlphaBravo

EchoAlphaBravo

Shares of TUP are approaching a critical long-term support level at $39-42, depicted on this weekly chart with the blue line. The daily chart is also looking favorable, with shares now trading above the 50-day moving average, and my 5/13ema's are in a buy mode. I'm a buyer with a stop on a weekly close below $39.

EchoAlphaBravo

I bought in OLED on the dip below $100 and have been adding to the position since. It appears as though it's forming a rounding bottom, and price action suggests higher levels ahead. After forming a bullish engulfing candle on strong volume, shares seem to be consolidating and look ready to make a move higher. Staying long, buying more.

EchoAlphaBravo

Shares of BIDU came under pressure because of management changes, but the selloff seems grossly overdone. Shares are currently sitting on a massive support zone... the 50, 100, and 200 day moving averages are bundled up between $242.39-245.42. Right below those averages is the 61.8% retracement of the previous major swing, further strengthening the support....

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Shares of JCP are back to their lows, setting a marginally lower low than before. Even so, I think this is a zone to buy against. The blue line represents its previous low. The lines of various shades of pink are extensions of previous swings, all of which suggest downside targets that are similar, thereby strengthening the area/levels. The green shaded box area...

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Bitcoin has held the major 61.8% retracement support, so the next target will be a test of the 50% level of the same move (all time low to all time high) at 9945.5. For now, the path of least resistance is up.

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Shares of insurer UNM are falling after reporting mixed results. I'll be the first to admit that the insurance space is not something I follow closely, but I do see a technical play forming. The $36-37 area was a breakout level on the weekly chart, so the level should act supportive. Income investors may also find that level attractive, as the shares would...

EchoAlphaBravo Updated 

Shares of Penske Auto Group (PAG) seem to be basing and ready to move higher. This thing is cheap with a TTM P/E of 6.2. Using consensus estimates for 2018 of $5.06 per share, it's trading at a forward P/E of 10.3. The company offers a 3.1% dividend, and its 1 and 5 year dividend growth is 13% and 19%, respectively. With a payout ratio of 19%, there's still...

EchoAlphaBravo Updated 

PG has found long term support from a rising trend line that coincides with a major 61.8% retracement. This is a great place to buy for a longer term play on a great company.

EchoAlphaBravo Updated 

Starting to look like we have a very playable wedge forming on the daily. The falling trend lines up with the 61.8% retracement on options expiration day (4/20). We may also consolidate in this narrowing range, potentially setting the stage for a major rally or major selloff in the summer. Sell in May?

EchoAlphaBravo Updated 

Shares of BAH look set to breakout and finally push thru the $40 level. It's currently in a rising wedge, and given geo-risk and defense sector strength, I like this name. I think $45 will come quick (161.8% extension) if shares breakout. Earnings aren't until May 21st, so I don't see much downside catalyst in the near term. I want to give it time to work and...

EchoAlphaBravo

SPY looks ready to break one way or the other. Recent action suggests up, but geo-risks may cap us.

EchoAlphaBravo

What a wild ride this has been! Late last night, the Chinese President delivered a speech that eased trade-war fears, as there were several items he "promised" they were doing or going to do. Of course, most of these things were things we've heard them say they'd do before, so it was all posturing in my opinion. Talk is cheap... show me the goods! I...

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Shares of ANFI appear to be forming a rounding bottom, with resistance overhead at $4.40. A breakout above could cause shares to rally, but a failure opens the door for a retest of the lows or extend lower. To be fair, I don't know much about this company's fundamentals (yet), so I'll update this as I sift thru the financials. I just wanted to point out this...

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SPX has been a wild ride... even experienced traders like myself have been getting pushed around, stopped out, and left scratching our heads trying to make sense of this market. It's times like these that it's important to remember that the "why" isn't that relevant to us from a trading perspective. Technical analysis provides unbiased, objective, and most...

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I've wanted in UPS for a while but refused to chase the move higher. Now that we're getting some weakness, I'm eyeing this name for a long-term investment. I'll be a buyer on a test of the breakout level/50% retracement at $86.5. Shorter-term, I expect continued weakness, so there's no need to rush in to this one!

EchoAlphaBravo Updated 

When a stock can be resilient during broader weakness, I'm interested. The technical picture is looking interesting, too. Several indicators and oscillators are signaling to buy (denoted with round, green arrows). It's held above the 200 day moving average, which also bodes well. I suspect we'll get weakness tomorrow, as futures fell sharply earlier. I've...

EchoAlphaBravo

Reiterating a bearish view on HSI. Looking at candles and wanted to point out a few bearish instances I have noticed. With markets more globalized and intertwined than ever, I see no way SPX DJI NDX IXIC hold up if Asia tanks... which is why I'm short SPY DE TSLA IWM and long UVXY (all with options, of course).

EchoAlphaBravo

SPX has broken its very short term wedge, potentially opening the door for a resumption in selling down to the lows from yesterday and/or February. Staying short!