PennantTrading

PennantTrading

Weekly head and shoulders. 1.619 retracement matches up with .50 retracement. Center of channel in a down trend

PennantTrading

$ICPT trading in supply with a head and shoulders pattern. The right shoulder has been consolidating for a while, so the h&S may be rather weak. Also watching for a breakout to the upside if supply is breached.

PennantTrading

$CAKE range bound in between supply and demand. Watching for a breakdown below support for a short entry.

PennantTrading

$MAR consolidating after a big run up. Watching for a retest of the channel/previous supply zone.

PennantTrading

$DXCM up on volume. Looking for a retest here before entry. Still has a couple highs to break through as well as a support zone but the R/R is good.

PennantTrading

$CDNS broke through supply with volume before retesting on decreasing volume. The large red candle after earnings is slightly concerning. Watching for a continuation with strength.

PennantTrading

ADUS previously failed an inverse head and shoulders breakout. Watching for a second breakout with an exit under the neckline.

PennantTrading

Looking to buy the retest here of the bull flag and take profit at the 1.618 fib. May retest the blue trendline in the future. If it does ill buy there as well.

PennantTrading

GFF in an ascending triangle. Watching for a breakout

PennantTrading

Playing support and resistance levels on ebay. Call and Put orders with great risk:reward ratios

PennantTrading

Inverse chart of SPY with swapped candle colors. Looking for a bounce off the trendline.

PennantTrading

Interesting take here on SPY. Gap down and flagging within a larger flag. The patterns are not very clear and kinda sloppy, so no position, just watching

PennantTrading

Looking very bullish. Flagging after breaking out of inverse head and shoulders with volume. Possible big move coming

PennantTrading

Looking bearish after a failed bullish breakout from a bear wedge. No position yet. Two targets for two of the possible outcomes.

PennantTrading

Shorting TPR here. Weak market, seems to be trading higher with LULU. Dont think it will last long

PennantTrading

Broke out of a flag after failing to close the gap up. Bought a very small position incase it breaks out again. Will add more if it touches the bottom of the new flag thats forming.

PennantTrading

Saucer patter on HSTM. Would prefer this didnt happen after a huge breakdown, but giving it a shot with a small position.

PennantTrading

Brokeout and retested resistance. Small position. Stop loss below previous resistance. Target is 1.68 Fib