I did set this up this morning and am already filled, however, if you were interested in the reasons why I set the trade up see the chart notes.
This stock is following the elliot wave nicely... looking to see if it will keep following. Expecting to be in a correction wave with a pull back before moving higher for the third impulse wave. Buy the dip.
I like this level. Looking for a move to retest the 96 level resistance.
I'm liking MCD at this level, it's an aggressive move with the EMA resistances on the weekly and the monthly right there, but I really like the monthly 20 EMA support here. We'll see if it works.
BLL had a strong 2019. Just wanted to keep going higher. I'm looking for a pull back to some of these old support levels. I like this company and would like to start building a position. They have been in a long term bullish trend since the 70's.
I like this slow down in selling on CGC. I won't be bullish on CGC until a see price action happening above the 200 MA but in the meantime, I think there is a possibility for a retest of this upper resistance. We are currently at a good support level, however if that area breaks lower, I would not expect support until the 9.22 area.
Channel break out on IWM. Resistance in the 170 area. Plenty of support. Just one thought. Might work... might not. We'll see.
I like the double bottom bounce off support as well as a morning star reversal pattern set up. I'm looking to buy a pullback anticipating a move higher. Just a thought. Could work, I know my risk and if it doesn't work, it will be a small loss with a pat on the back for a good try.
Nice trend line support off the weekly. JNJ looks to be forming a double bottom on the daily. I'll be looking for a break of the neckline with a lower limit to pick up some shares long on JNJ