ericsolan

ericsolan

There is an untested level of resistance at 1750 left by AMZN on it's last drop. If AMZN gets up to that level again, go short on first touch of 1750 Entry : Short position @ first touch of 1750 Target : Congestion of support levels around 1700 Stop : Anywhere between 1760 and 1770, which is next level of resistance above 1750

ericsolan

I'm not predicting HD gets to the untested support level of 164.75, but upon the FIRST touch of 164.75, enter a long position. Untested support levels create a pop up to the nearest level of consolidation. Target: anything close to the consolidation around 172 Stop: Right under the area of wicks under your entry, so around 162ish

ericsolan

Home Depot has an untested support level at 180 back from April 2018. Setup: If (and only if) HD gets down to 180, enter a long position on first touch of the 180 support level. Stop: Anywhere below 180 is fine, just don't go too tight. Maybe 178ish. Target: First target will be around 190 for an exit or at least profit-taking, which is the first area of...

ericsolan

There is an untested level of support (resistance) at 2806. If SPX makes it up to retest this level, enter a short position with a target of the congestion at 2775 upon first touch. NOTE: this is not a prediction that it will get up to 2806, nor when. It's only a position to enter if it touches that level

ericsolan

On June 20, 2018 AMZN made a high that wasn't fully regained until July 12th, becoming gained support. It then began it's massive leg up to 2050 peak on Sept 4th 2018. As we now retrace that entire leg, the following long opportunities await: Aggressive long entry at the test of the 1725 support level Conservatives might prefer a long entry at a test of...

ericsolan Updated 

AMZN retested the 1900 support line for the second time, completing a possible head and shoulders pattern or a simple double bottom. A break of this 1900 level could be bad news for the near-term. I'm long-term bullish on Amazon but the over-exuberance following it's recent upgrades caused it pop too much in the past month, failing to retest it's gained...

ericsolan

CAT is testing the upper resistance of it's flag-like pattern. Potential next moves - continuation of the bullish rise from earlier in the year as the flag pattern ends..... or a fall back into the channel. With trade fears and steel tariffs, the latter is more likely at this time

ericsolan

AMD just bounced off the bottom of it's current bullish trend. Keep an eye out as many stocks including $spot and $amzn have broken right through the bottom channel.

ericsolan

Pretty predictable at this point, continuing it's upward channel perfectly (for now)

ericsolan

INCY is hitting upper resistance of a falling long-term trendline