ITM.Trading

ITM.Trading

Large negative volumes are pushing this one lower

ITM.Trading

Succession of lower highs and lower lows will likely see a revisit to at least 46.99 and potentially beyond

ITM.Trading

IMHO

ITM.Trading

MACD firmly crossed at previous high

ITM.Trading

Piercing candle off lower channel & fib

ITM.Trading

Due to several days of strong positive volume the OBV has broken its downtrend and moves to the upside, indicating that there are accumulators at the current level. The prior days candlesticks are testimony to this as they both have elongated high wicks. The weak ADX shows us that the current downtrend is not that serious and thus it is possible to trade against...

ITM.Trading

Trade location is ideal for a long at the bottom of a well defined uptrending channel. The candlesticks shows signs of a reversal, which shows us an open above yesterdays close and a push higher. The push higher was met with sellers but in the context of the dramatic fall it implies that sellers are losing control and a reversal may occur. The MACD's dramatic...

ITM.Trading

Large negative volumes in CGNX coupled with divergence in the DMI+ line may indicate the trend is beginning to turn. This is further confirmed with the presence of a crossed MACD and large negative volume indicating distribution from large holders. Stop above the psychological $50 level which is also a new high. Target of $46.70. At current prices this is an...

ITM.Trading

03/23/2015 SIGNAL PERFORMANCE AND UPDATED THOUGHTS

ITM.Trading

CCOI is appropriate as a long trade with a target of $36.49 which is the 0.382 fib retracement level and also at the prevailing downtrend. It may face short term resistance @ 35.54 but anticipate a clearance of this level based on strong volumes and break upwards of the OBV. The MACD cross cements all of the above.

ITM.Trading

An appropriate short targeting the 0.382 fib which is also close to the 50 day Simple Moving Average (SMA). Candlestick pattern is also bearish which has occurred at a triple top. Furthermore the OBV has continued to fall despite the push upwards indicating a lack of sincere accumulation. A stop above the triple top is appropriate.

ITM.Trading

The lack of clarity in the ADX and stable OBV show that WES is suitable for a range trading strategy. As such, a long at the current quadruple bottom combined with a crossing MACD is appealing for a long entry. A stop below the recent lows and price target of the 50% fib or higher is appropriate.

ITM.Trading

A combination of bearish indicators & high risk/reward potential make GOGO a desirable short Price target of 18.70, stop above 21.50 produces a 3R trade