This is a pennant long that came up on our scan last week when it was only a flag pole. It has been on my watch list since then and I am now fairly confident in the risk/reward to publish. I am using both an aggressive target and aggressive entry. In order to do so I have increased my risk exposure. Not for the faint of heart. Entry: 2.98 Stop: 2.70-9.3% Target:...
This came up on our Smart Money Scanner yesterday. Double bottom extremes trade. This is looking like a tight trade. Good risk/reward combined with good potential for a second target. Entry: 9.66 Stop: 9.53-1.3% Target: 9.99-3% Risk/Reward: 1/3
Second fallen angel attempt. Ascending Triangle after a 50% drop in stock price. I would wait for the price to cross and be supported by 19.50.
Oversold stochastic and CCI combined with a strong bullish pattern along with support on the 50MA Ideal entry: 430-435 Target 1: 450 Target 2: 455 I will be looking for a break of 460 before trading the H/S.
Oversold stochastic and CCI combined with a strong bullish pattern. Ideal entry: 430-435 Target 1: 450 Target 2: 455 I will be looking for a break of 460 before trading the H/S.
My first attempt at trying to predict a fallen angel trade. Recent consolidation in the price between 6.50 and 8.00 after over a 50% drop in the price. This would need to break through the 8 resistance in order to consider entering a long position. The first target would be 9.90(.236 Fibonacci).
Ascending triangle pattern. Entry @ 29.98 Stop-Loss @ 29.38 (2%) Target @ 32.03
This is still an unconfirmed pattern as the price has not broken and found support at the neckline. Once this pattern is confirmed: Entry @ 460 Stop-Loss @ 437 (5%) Target @ 499.63 (.382 Fibonacci level)
This double bottom is still unconfirmed because new support at the 7.95 resistance line has not happened. When/if this occurs: Entry @ 7.95 Stop-Loss @ 7.55 (5%) Target @ 9.22 (measured target)
Double Top formation. The price has found resistance below the M pattern. I measured from the left top to the neckline and then copied that measurement below that neckline to calculate the target price. (Which ended up almost exactly on the $12 support line.) Short Entry @ 13.60 Stop-Loss @ 14.28 (5%) Target @ 12.00
Bearish stochastic RSI cross after being denied at the major downtrend resistance line.
Bounced off long term trendline. Stochastic just bullishly crossed after the price broke the lower BB.
The SPY is currently in an UNCONFIRMED double top formation. Confirmation will happen if the price breaks below the 143 support which must then act as resistance. Furthermore this break below 143 could also mean a break below the 50MA which is another bearish indicator. Supporting technical indicators of the chart formation include a bearish RSI/Stochastic...
Two Possibilities: The first is the price breaks below 660(ideally) which then acts as resistance confirming the H&S pattern. The second is the price holds neckline support and makes another push to the 680 resistance. The H&S pattern is broken if the price finds support at 680.
The price broke below the 25 support and was unable to push back through it. With 25 now serving as resistance, I'm looking for the Stochastic to embed before committing to a large position. Target: $23