gingerheadtrader

gingerheadtrader

Looks like Wayfair had its first day with its head above water for the first time in 2 months. After loosing around 50% of its value from the highs in Oct, things finally seem to be looking up. I was looking, waiting, and watching for the price to break the 8MA, we've been stuck under that line for a month. We broke above that line last Friday, which was a low...

gingerheadtrader

Check out this close up shot on the breakout of $VCEL.

gingerheadtrader

Huge bullish breakout of the bull flag setup on VCEL today. Earnings on the 6th led to a huge surge in buying. Then for the last 12 sessions or so we've seen an equal amount of buyers and sellers which has kept the price in this tight bull flag channel. Today it looks like the last of the profit takers have gone and the buyers took charge of the price action once...

gingerheadtrader

The green lines on my chart are channel lines in which I've done my best to identify the larger price channels. The red shaded rectangles represent areas of resistance. The green rectangles represent areas of support.

gingerheadtrader

Looks like the daily chart on Amazon is showing a bit of RSI convergence. If you're unfamiliar you can read up on the subject here, www.luckscout.com . The first bounce that isn't a lower low should signal the beginning of this move up, but wait until we are through local resistance first. The 13MA looks like it could be tough to move through.

gingerheadtrader

The 13 MA on the daily has proven itself hard to move past on 6 or 7 previous occasions. Lets wait to see a close above that line, with another bullish confirmation close above it to prove an entry point.

gingerheadtrader

Amazon's hourly chart looks pretty bullish. Price broke out of a downward channel today, a channel its been trading inside of for the last 12 sessions. Price appears to have found support at the 5MA on the hourly, and RSI confirms the breakout as well. But buyer beware, the daily chart shows some pretty strong resistance in the $1600-$1610 area. This area...

gingerheadtrader

Bearish candle today on $splk forming right at resistance despite $AMZN pulling huge weight today.

gingerheadtrader

I'm watching very carefully here. Amazon has been trading in a downward channel for a couple weeks now. Currently price is near the top of this channel. We are either going to get a breakout to the upside and out of this channel, or a breakdown back into the channel. Given current market sentiment, I'd guess we're due for the latter, but always wait for the...

gingerheadtrader

Bullish swing for me. Hammer reversal last Friday with continuation today off of the lower channel support

gingerheadtrader

Wait for a candle to close above the flag, then i'm long.

gingerheadtrader Updated 

ALB brokeout of its established base today on very large volume. Could this thing push all the way to fill the gap from January?

gingerheadtrader

Waiting for the green to cross over the red. Simple, but by god it just might work. @1SimpleTrader on Twitter turned me onto this plan. Been trying to find a way to call the reversals for stocks like $GRUB that popped after earnings then dropped, only to reverse up higher. Its your standard bull flag movement, but they look funky because of how much the price...

gingerheadtrader Updated 

Look at this beautiful channel that AEO has been building for us to milk. This seems like a no brainer play to me. I'll be buying now with a stop loss right below the lower trendline. I'll only sell if it CLOSES daily price action below this trendline. One lesson I've learned recently is that intra day price action does no accurately follow trends on daily charts.

gingerheadtrader

Security is huge right now in the tech field and I really like what this company does. It looks like it might start running after today's close. I don't like the low volume, but maybe that will change with a close above all time highs.

gingerheadtrader

ROKU released earnings today. If price can get above $52 I'd expect a run up to the upper trendline. If you like my charts, feel free to follow me on Twitter for intraday updates @GingerHeadTrade

gingerheadtrader

KORS had a very strong day today, testing the upper limits of the channel its been trading in. Today we got a MacD crossover and price spike on some very large volume. If this thing breaks to the upside tomorrow I'd expect this thing to run for quite a while.

gingerheadtrader

I'm not too familiar with identifying the cup & handle formation but this seems like a good example. Price definitely popped today after earnings and the volume looks strong behind the move. I'll be watching this one very closely, if its green for 1 more candle I'll likely buy in. If you like my ideas and want to see some intraday updates, follow me on Twitter...