Putting MU in my watch list for a potential bounce at the trend line. Could be end of a retracement wave and start of a new Impulse wave
#DJI It's not a perfect wave pattern but I think we might be at the end of a correction wave. Hopefully today we can see a good bounce today and continue the uptrend momentum
Market has been going through a roller coaster ride again ever since Trump resume trade war talks.. It's crucial to look out for support areas and hopefully the MA20 and MA50 can be defended
Watching this for a potential ascending triangle breakout play
FB has had a rocky ride after the whole scandal and since then the price has stabilized. It seems that people still have great confidence in FB and Instagram as we can see from the price climbing up Yesterday the price has broken out from a consolidation box and we will look to see if FB can reach new highs
USDCAD A really nice breakout play from the ascending triangle
NFLX had a nice breakout yesterday from large ascending triangle. This would be a pretty good setup for mid term entry
We could see a potential setup for a bounce off EMA20 for EXR
GE is looking pretty decent for a reversal play with an Inverse Head & Shoulder pattern Let's see if we can spot a good entry point
1. Tested 20EMA previous. 2. Industry is in Bullish. 3. RR might not look nice, but probably can look into smaller time frame (when market open, to look for better entry)
1. Bullish Divergence Indication 2. Lower Lower + Lower High Candle formed, with a reversal candle of Pin Bar that take all the stop out.
HXL, Keeping Hexcel in my watchlist for a potential breakout play from an ascending triangle
Hyatt had seen a nice breakout from the triangle pattern and potentially might see it reaching new highs
There might be a short opportunity for BABA at the top of the downward channel
XLK had a nice breakout play from breaking out of the downtrendline :)
Let us recapped what we have wrote before :- 1. 200MA has tested it strong support. 2. There is a resistance and support within the 50EMA and 200MA, and that caused SPY bouncing zigzag in between. 3. The Ideal momentum is when it creates Higher High + Higher Low Candles consecutively. This bullish momentum will break the 50EMA (resistance) and change it to...
AAPL has gone up a ton in the recent days especially after the news that Buffet has been stocking up his position. However it seems that now it is a bit overbought and with the bearish pin formation, this could be a good short setup as well
BABA is currently at the top of the channel and might be a potential short setup with a stop loss at the high of the candle