Triple_Barrel_Capital

Triple_Barrel_Capital

$ATVI Activision looking overdone - riding the 200d ema and holding lower channel support. Expecting a bounce from this area in the near term. See chart for two possible medium term targets. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$LMT Lockheed Martin has formed what appears to be a very clear inverted head and shoulders pattern on the daily chart over the last 3-4 months. Up nicely today after UBS initiated coverage with a Buy rating and $400 price target. Will be looking for a break through $330 level for confirmation. Another positive sign, the 50d ema is turning back north about to...

Triple_Barrel_Capital Updated 

$WYNN Looking oversold after catching support yesterday just above $138, starting to bounce this morning. Expecting further price recovery in the near term. Several overhead gaps left open to fill. See chart for possible near and medium term price targets.

Triple_Barrel_Capital

$BMY 50d/200d ema Golden Cross / Bullish Ascending Triangle Golden Cross/Break-out of Triangle appears imminent. Near term target - $64 Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$BABA Oversold at Support - ER Next Week Expecting a bounce near term. Getting back above the 200d ema will be key.

Triple_Barrel_Capital

$CVNA Carvana Bullish Ascending Triangle. Buy signal will be strong break through $56 resistance. They had me at car vending machines. Targeting $60-$62 range near term

Triple_Barrel_Capital

$LVS Falling wedge into long term support from June '17 high. Expecting $66.25 to hold as support today and subsequent bounce off this level in the near term. Medium term target - gap fill at $75.00 Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$AMZN Amazon appears to be overbought and topping out. Expecting a correction in the near to medium term. Targeting $1770-$1800 area. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital Updated 

$JPM - Declining volume on latest run-up post earnings. Expecting additional retrace in the near term. Target $110-$114.50 range. Will monitor Fibonacci support levels for further breakdowns.

Triple_Barrel_Capital

$MU Micron - coiled tight, holding long term trend line support. Money flow approaching support level. Target $62-$64 area by next ER late Sept

Triple_Barrel_Capital

$UVXY Oversold at Support - Expecting a bounce very near term. Two possible targets on chart. Note: Information analysis, not investment advice.

Triple_Barrel_Capital

$HUBS Hubspot looking like a solid buy into earnings this afternoon. Held the long term bullish trend line earlier this week and already seeing a bounce today. Medium term target $160 by October Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$WMT Walmart - Five month long rounding bottom nearing completion. 50d/200d ema golden cross appears to be imminent. Monitoring for break through $90.00 resistance level for confirmation. Medium term target - $98.00 (assumes solid earnings report mid-August) Note: Information analysis, not investment advice.

Triple_Barrel_Capital

$ADBE Adobe back at what looks to be a low risk/high reward buy point holding the long term bullish channel yesterday. Looking for a near term bounce, targeting $260-$265 range by mid-Sept. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$SHOP Oversold at 200d support - expecting ~$133 area to hold as support at the 200d ema line. Expect a bounce near term from this level.

Triple_Barrel_Capital

$DPZ Dominos Pizza broke down through a 9 month long bullish uptrend support line last week on strong volume. I'm expecting further downside through the end of summer into fall. At it's recent apex in late June just below $300, it was precariously over-extended 30% above the 200d ema on the daily chart with an over-bought RSI of 85. Expect a fairly slow descent...

Triple_Barrel_Capital

$QQQ Nasdaq looking fairly oversold at this point. Appears to be holding the 50d ema and lower trend line support - expecting a bounce near term back to $180+ Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$ULTA looking oversold on the hourly chart, down 2-3% today on light volume. Intra-day reversal is already underway after bottoming just above $242. Appears to be an inverted head and shoulders pattern forming on the daily chart. Monitor for a move back to and eventual break through $260 resistance level. Medium term target $290, assuming overall market conditions...