Triple_Barrel_Capital

Triple_Barrel_Capital

$NFLX Netflix tagging support around $336.50 this morning. Expecting a bounce in the near/medium term. Most likely back above $400 level by next ER in the fall. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$TWTR Twitter down sharply post earnings today, filling a gap from late May around $34.60 Conditions now very oversold, expecting a bounce off this fib level in the very near term. Should be back in the upper 30s at least by next Friday. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$INTC Intel looking oversold catching support around $48.50 / 200d ema Expecting a move back above $50 in near term Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$GLW Corning looking over-extended after earnings beat and subsequent run up today. Looking like resistance around $32.80 is going to hold. Expecting a retrace to at least $31.00 in the very near term, as low as $30.00 possible. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$NOC Northrop Grumman beat earnings estimates and raised guidance for full-year EPS today. Yet the stock is down more than 5%. Doesn't make much sense but I'm looking at a long term bullish falling wedge and an oversold RSI at its lowest level in seven years on the weekly chart. Not only do I expect a bounce off this lower wedge line in the near term but I...

Triple_Barrel_Capital

$GRUB GrubHub looking very overbought at this point, starting to top out around $132.50. Forming a hanging man reversal candle on the hourly. Expecting a retrace to at least the mid 120s in the very near term. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital

$CGC Canopy Growth Corp Oversold at Support - RSI looking very oversold (15 on the hourly chart), expecting a bounce in the very near term. Short term target: $27.00 Medium/Long term target: $36.00 Note: Observation/opinion, not investment advice.

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$VRTX Vertex looking over-extended, reversing off the long term upper channel limit. Barring an earnings home run next week, expecting further price correction in the coming weeks and months. Medium term target: $163.50 Long term target: $153.50 (lower channel support) Earnings next week, 7/25 Note: Observation/opinion, not investment advice.

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$NOC Northrop Grumman - Expecting positive earnings reports out of defense/aerospace sector next week. Notice the strong steady rebound in (MFI) money flow since early July - seeing this in several defense stocks reporting next week. $NOC broke through $320 resistance recently and successfully retested support earlier this week. I'm anticipating a strong break out...

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$RTN Raytheon - Expecting positive earnings reports out of defense/aerospace sector next week. Raytheon broke through $200 resistance earlier this week and successfully retested today. I'm anticipating a strong break out of the recent downtrend post earnings. Targeting $214 in the near term. Note: Observation/opinion, not investment advice.

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$HUYA Oversold bouncing off support around $35.50 this afternoon. Targeting a move back to the $38-$40 range in the very near term. Note: Observation/opinion, not investment advice.

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$PEP Pepsi looking over-extended meeting resistance around $116.50 today, with what looks like a nice reversal candle forming. Expecting a price correction in the very near term to the $110-$112.50 area. A couple gaps left open below to possibly fill. I could see it going as low as $108 with this pull back, but that may depend on overall market conditions....

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$ADBE forming a cup & handle pattern on the hourly chart. Monitor for a strong break through previous high of $259.50 in the coming days. Targeting mid-$270s in the near term. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital Updated 

$SAM Boston Beer Co looking overbought at all-time high resistance on the weekly chart. I would expect a short term sub-300 correction and some profit taking leading up to ER 07/26/18. Stock looking very over-extended...if earnings isn't a home run expect a further correction possibly to the area of $250-$260 by fall.

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$PXD Pioneer Oversold at Support - continues to hold a bullish trendline that it's been riding for 12 months. Expecting a near term bounce back to at least $190, additional if it can breakout from pennant pattern. Note: Observation/opinion, not investment advice.

Triple_Barrel_Capital Updated 

$IQ expecting a bounce in the near term. Break through the 50d ema will be key. Looking like a possible down trend breakout followed by eventual retest of that line today. I'm bullish near term.

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$FB Facebook looking slightly oversold forming a falling wedge pattern. Assuming lower trendline holds later this week, expecting a bounce in the very near term to the $195.00-$197.50 area. Monitor for a break out of the wedge pattern. Very likely in my opinion that this is back above $200 by next earnings release late July. Note:...

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$CRSP Crispr Therapeutics - big hammer candlestick today holding the lower limit of a bullish channel which began in January. Expecting continuation bounce in the very near term. See chart for two possible medium term targets by next earnings release in August. Stop loss - $56.00 Note - Observation/opinion, not investment advice.