TraderMentality

TraderMentality

$SLB looks like an ascending triangle/inverted head and shoulders/channel up. Recent candle is bullish engulfing bouncing off of 50 ma. Price currently above all moving averages.

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Top watch. $NYT in a diamond bottom pattern on weekly. Bullish divergences on both RSI and MACD. Hanging man candle is noted, but just broke above 200 dma and is above all weekly ma's.

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$WY should see this move north upon completion of this inverted head and shoulders

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$SYNA looks like a channel down beginning back in early 2015. Hammer candle into channel lower extreme w/ gap still open above. Positive divergence noted in higher highs on RSI.

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$CUDA .618 golden retracement w/ hanging man, overbought RSI re-entering, MACD death cross nearing. Gap open below to former apex of coil. Think we see a retest of this level, to fill the gap to mid 15s.

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OZRK in falling wedge paired with positive divergences in RSI and MACD

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FOSL looks primed for a pop here out of an ascending triangle into gap. Price currently above all but 200 dmas. Positive divergences shown on RSI and MACD. MACD cross zero line to upside, while RSI holding the 50 line.

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PSX daily in a falling wedge w/ reversal hammer candle. Watching for a pop.

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Looking like a denied breakout from 200 MA, into a hanging man reversal candle.

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NFLX daily was in a coil that just broke south on their earnings announcement. This break created yet another gap among the other 3, with the most recent being from April 2016. Sitting on support, just under resistance. Earnings are noted Swiss cheese.

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The FB daily shows a coil around the point of control in the 114s. A break north of the coil on weak volume, paired w/ a flat RSI, and MACD negative divergence indicate a potential reversal back into the coil. If the support in the 113s holds, the coil should then break north again. If it fails, it could result in a possible bow draw reversal of the coil, at which...

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$GOOG is coiled up on the daily. Nearing gap fill into broadening formation resistance. Short on the gap fill.

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Busy chart, so bare with me. Bold call, but the more I look at the FANGs on a combined chart, the more I see an (incomplete) bump and run reversal (BARR) in blue. A head and shoulders is present within a broadening formation in white, that gives room for the H&S to complete. Support in green, resistance in red. Down.

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Looking a little deeper into $MSFT, a cup has formed on the monthly chart into resistance. Noticeably divergences indicate a possible pullback prior to the advance, which could validate a cup and handle for a new move to ATHs. I like it long overall, but could easily see a pull back

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$MSFT weekly showing channel/coil break to upside as a result of earnings. However, the earnings move still leaves a partial gap open on daily, which I've labeled. Current candle broke SAR up to the upside, but Keltner upper extreme makes me think we could see a gap fill before a resistance break. Either way, think we see an upside break of support over the long term.

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INTC weekly broadening formation into resistance & keltner upper extreme. Looking for a move back to POC in 32s, potentially lower into support plotted below.

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The $GE weekly appears as a channel up coming into a rising wedge coupled with neg divergences in RSI and Chaikin Money Flow. I've highlighted notable points of support and resistance within the channel, as relative to the 200 MA and Fibonacci levels. Expecting a move back to the 61.8, and potentially the 200 MA/lower channel extreme.

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$AFL daily showing channel up paired with multiple neg divergences on RSI, Williams %R, and the Chaikin Money Flow. Touched to upper channel extreme. Keltner is mid ranged, w/ small gap still open below to fill @ 65.50.