SYMC gapped up on news that their audit was over and the market reacted positively. We sold off hard at the open couldnt find strength the whole day until towards the close where we made multiple attempts to get about 21.75. We ended up making a large wedge throughout the whole day and with the large sellers in play at .75 its providing a good opportunity to get...
YUMC gapped down 15% on news about investors not buying it out. Initial reaction was it dumped hard, but bought back up just as hard and came back almost to vwap at 31.89. Could be a good play to either direction again. Looking for a retest of the trendline on either side for a continued move after the gap.
AMD has been very strong the past week and bounced around in the 30's today. 30 has been a big level in the past as well, so no surprise we are struggling here. . PA today made a push towards pmkt highs and was rejected hard coming back to 29.37 which was a level in play yesterday. From there we consolidated making a very nice triangle which we did close above...
TLRY had another strong day today with heavy volume into those close. Previous ATH was 97.36 which we broke twice today, but failed to close above, were also making a rising wedge pattern and having the double top is adding to the short case. Would like to see it stay in the wedge until the open tomorrow, and look for a short position out of the wedge. The volume...
ARWR gapped up on good news with and has made a very clean wedge on day 2. Volume was very low relative to day 1 but the pattern is very clean here and we are low basing on a daily support. There could be a good opportunity on the open either way this plays out. If we gap under 19 and it fails to recover above 19, I would look to short. If we gap above would also...
Already breaking down out of the wedge in after hours. Also looks better on a 5 min. 17.80 was the last level to hold so I would like to see a failed retest of this tomorrow around the open, but this one may leave without me.
JD gapped down on bad CEO news and recovered a little bit today. Its been beat down pretty bad over the past couple months from 45 in mid June. We were approaching another big Daily support at ~25.30 but failed to reach it. Today we ended up making a decent triangle here with a significant price level 27.60 coming into play frequently the past couple days. What I...
Pretty clear wedge here. Moved up 6pts on big volume before consolidating nicely and forming a clean wedge pattern. Closed strong going into the close. Could be a good breakout here for continuation on Tuesday.
ROKU gapped down as AMZN is entering their industry. At first we found a lot of strength recovering half of what we lost, and quickly lost it and could not recover VWAP for the last half of the day. Will be watching PA around 60 to look for a place to short and break down out of the wedge.
BOX gapped down big 10% on split earnings. Missed EPS, Beat Sales. Also gapped down out of a big sym triangle. We sold off most of the day but found a lot of support at 23.50. Its also a big daily support as well the 200sma, and past price levels. It looks like it could be a big trap play if it fakes out one way or the other. I would like to see if touch the 23.30...
Cant believe it but TLRY looking very bullish again. Gapped up on good news and coiled on huge volume. Low short float. 63 big resistance. Gapping above could be big to see it holding above 63. Would be crazy to see this thing keep going up.
Watching the tape in the morning it was very clear that 33.60-34 had multiple large hidden sellers. I would like to see DSW back up at those levels and see how it reacts. DSW beat earnings, retail is still grinding lower overall though while DSW remained somewhat strong so we have a chance to see it up at 34 again. Looking to short it up there, but could very well...
LOW originally failed to make a move lower or higher out of the previous triangle. But towards the end of the day we saw it break up out of the new triangle it was making on rising volume into the close. I would like to see it open around where it closed and come back to retest 108. Find a good long entry as it hold, and has a very clear straight path to 109 at...
Looking for a short here, LOW gapped up on an earnings beat but it has been topping out the past few days at 108. We made an attempt to break out long out of the triangle but failed and moved lower out of the triangle. Will have to see how PA plays out tomorrow at the open but would like to get a retest of a TL or MA before looking to get in. 106.70 will be a key...
CGC has run up 22pts in the past 9 trading days, it and the rest of the pot stocks are due for a pullback. I am looking to find a good set up to start a short position. This triangle could be a starter. The Daily is showing growing volume surprisingly, so I dont want to get caught getting in too early. If there is clear price action around a short I will look to...
FL gapped down 10% despite beating earnings into a Daily S level of 46.60. We bounced back to a R of 49 i.imgur.com . Ive got a plan for two scenarios to both long and short depending what we do here. 1st scenario is we fake breakdown / gap out lower of the wedge and find S and trend back to the top trendline or break further for a test of 200sma. This would...
TWTR is in a very clean channel right now, can easily go to bottom trendline if it can hold below 45 and mkt looks weak tomorrow could be a good short.
