Oversold RSI and a possible bounce. Dont go long if price doesnt close above the red resistance line. Our exit will be the next resistance highlighted on the left. Keep a tight stop just below your entry. HIgh reward low risk trade opportunity here
I see a trend change of highs and a clear bear flag. Price can either bounce off support or break down the flag which would make a good short swing trade.
AAPL showing weakness in its uptrend, this is actually a large bear flag pattern, we saw price break through the angled (dotted) trend line, It has consolidated after and created a head and shoulders pattern. It also has ran into resistance and 50% retracement level. Volume has also declined as price moved up showing divergence between price movement and actual...
Another bounce play, we have a triangle pattern or abc pattern forming on the bottom of this trend. Lots of buying action in anticipation of this move. The chart says the rest. Long at 19.67 with a tight stop just under. Out at 20.34.
The market has ran up this past week after it bounce. Now volume is running dry and it ran into heavy resistance. it also broke the trend line (yellow line) up top. We want to see price CLOSE below the light blue neck line before we enter a short position to fill the gap at 203.85.
Simply wynn has beated earnings previously after having earnings misses consecutively. We have the stock picking up momentum and buying action in anticipation for the next earnings call in February. Traders have overall good sentiment in the company and are looking to get long early. Im long at C if we rally before earnings or if we have good earnings i will be...
Completely parabolic action today in the spy. 1) ran right into resistance on daily chart 2) fading volume of trend 3) RSI didn't register overbought when market made its last structure high 4) blow off top candle on 30 mn chart 5) lots of selling on level two The rectangle below is the profit target (2 gaps down there that need to be filled)
FB is part of F.A.N.G. - FB AAPL NFLX GOOG. This is the nickname Wall Street gave for what they believe as the strongest stocks to come in 2016. These tech stocks with low exposure to the shit that was thrown on Wall Street will thrive in the new year and are hot buys. Heres the big move, dont hesitate. We broke out of a flag and are moving towards a breakout of...
Market has a chance of filling this gap that has been created recently. If we can see a 15 mn candle close above the resistance level then we can go long on this trade. DO NOT GO LONG IF PRICE DOESNT CLOSE ABOVE 207.71. Keep a tight stop just below the entry price and make sure to exit in the rectangle.
Tomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into...
Go long or short depending if price goes above the red line on top or if it moves below the bottom line
Netflix is being too nice for us traders. im currently long into the close of today (the tip of the secondary little bull flag) and hope to see an identical reaction like it did last time. My drawings pretty much sum up the whole thought process behind this trade. Im long weekly options at a 130 strike price. 130 is also my exit price. Looking to get anywhere from...
AAPL has been crushed the past week(s). and it has finally slowed down and consolidated. I think this is the bottom because it has a triangle setup. Now, most people say triangle setups (aka wedges, continuation patterns, ABC pattern, etc.) can go both ways. That is true to some degree... and ill explain what i mean. a triangle setup after a downtrend that has...
All is explained on the chart text. TSLA's daily looks very oversold as well however i don't believe this is the top on the daily chart, i think it can push higher before coming down.
I used my fibonacci retracement tool and my fib extension tool to discover confluence in the 208.90-209.00 level. We have been stuck inside sideways consolidation for quite some time now however the RSI is indicating a gradual pace of momentum or strength building up for the Bulls. I can't tell the future but i cant certainly tell you that the level around 209.00...