damdaman

damdaman

I'm going long here, buying the pullback, based on the hammer forming today (could change by close, but looks pretty good) near the bottom trendline support for a return to the high around 173.

damdaman

PLUG jumped over 9% yesterday on news (financing deal), and over 22% of the float is held short, setting up a potential short squeeze. But price is down today, suggesting the bull momentum might not be enough and yesterday's jump could simply be a dead cat bounce. I have no position but curious how it plays out.

damdaman

$23 has been a key resistance level this year for ETFC, and it is coinciding with the lower trend line of the recent channel. Looking for a reversal candle/pattern to go long, or a breakdown of the channel to stay out (see what happened at same level in April, as the $23 level turned back into resistance instead of holding).

damdaman

200ma has been a key area of support-turned-resistance as JBHT now looks to be in a downtrend. Recent rally showing declining volume has approached this level, and %R showing overbought. Looking for a reversal candle in the next couple of sessions to short.

damdaman

Bearish engulfing candle today (3/26) at 545-550 area which was the reversal area of previous upswing. Could indicate short term reversal of recent gains?