ericsolan

ericsolan Updated 

As GNC breaks its major upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down Factors leading to the decision: Long-term upward trendline broken Decent bullish volume showed up at the trendline break, noticeable to traders looking for a sign...

ericsolan Updated 

As F breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $8 Factors leading to the decision: Medium-term upward trendline broken A recent small retracement created a lower-high which is an...

ericsolan Updated 

TECH recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $190 Factors leading to the decision: Price was rejected trying to make a new high in January,...

ericsolan Updated 

As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent downtrend has been broken with very heavy volume The 20ma was broken, pulling in moving-average traders off the side-lines A recent low offers a perfect spot to put a logical technical...

ericsolan Updated 

As LH breaks its minor downward trendline , a long position is entered with a tight stop. Factors leading to the decision: Major trend is bullish Medium-term downward trendline has been broken and retested A recent small retracement back to the trendline AND 20ma created a higher-low which is an ideal place to put a tight stop for the trade 20 SMA was recently...

ericsolan Updated 

As SJM broke its minor downward trendline and came back down to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken The downtrend was broken after a few bounces off of major support that's been important for months The 20ma was broken, pulling in moving-average traders off...

ericsolan Updated 

As QLYS breaks its minor downward trendline , a long position is entered with a tight stop. Factors leading to the decision: Long-term trend is bullish, medium term has been sideways As we're nearing the top of the sideways range, approaching the resistance at 90 and 95 might offer a good opportunity for an even bigger breakout A recent small retracement back to...

ericsolan Updated 

As ERY broke its minor downward trendline and came back down close to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken, then price came back near the trendline to test it Price has re-attempted the recent high, showing strength A recent high offers us a place to put a logical...

ericsolan Updated 

CRSP got some attention a few months ago with the Netflix series "Unnatural Selection" in which it melted up for a while before crashing down on profit taking As CRSP broke its minor downward trendline and came back down to a retest, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent...

ericsolan Updated 

As HES breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $43 Factors leading to the decision: Price was rejected trying to make a new high in November, creating a new major downtrend ...

ericsolan Updated 

As PYX breaks its major downward trendline, a long position is entered with a tight stop. As this trade progresses, shorts will be forced to cover, creating a potential for a parabolic move north. Factors leading to the decision: Long-term downward trendline broken Decent bullish volume showed up at the low, noticeable to traders looking for a sign of...

ericsolan Updated 

LULU seems to be setting up for a crash, retracing most of what it's gained in the past year. With earnings coming in a few weeks, I think it's time. I expect it to hit 110, if not retrace all the way back to 90's

ericsolan Updated 

Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of support in the valley around $164 SETUP: This is not a prediction price will get to 164. However, if it does, enter long. I call this conditional trading. ENTRY: $163.5 Long position TARGET: $170 (or anything close) This is an area below some...

ericsolan Updated 

Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of support in the valley around $6385 SETUP: This is not a prediction price will get to 6385. However, if it does, enter LONG. I call this conditional trading. ENTRY: $6385 Long position TARGET: $6530 This is below a low that could offer...

ericsolan Updated 

As REV breaks out of minor and major trendlines, a triangle can be drawn from recent high to the lower support line which has had multiple re-tests and rejections. As price breaks out of this downtrend, I expect short covering to accelerate as it breaks up through $25 psychological level and $25.25 resistance. As always, tight-stop and if it rips, let it run

ericsolan Updated 

As PYX breaks its major downward trendline, a long position is entered with a tight stop. Factors leading to the decision: Long-term downward trendline broken Heavy bullish volume showed up at the low, noticeable to traders looking for a sign of reversal A recent small retracement created a higher-low which is an ideal place to put a tight stop for the...

ericsolan

Levels of support/resistance typically produce a pop or bounce on the first touch. There is an untested level of resistance in the peak around $1850 SETUP: This is not a prediction price will get to 1850. However, if it does, enter short. We call this conditional trading. ENTRY: $1850 Short position TARGETS: Conservative - $1820, Riskier - $1805 This is the...

ericsolan

Levels of support typically produce a pop or bounce on the first touch. There is an untested level of support around $200.50. SETUP: This is not a prediction price will get to 200.50. However, if or when it does, enter long. I call this conditional trading . ENTRY: $200.50 Long position TARGET: $204 This is an area right below the next area of support left...