gingerheadtrader

gingerheadtrader

A year long downtrend has recently been broken on DISH stock. Earnings was the catalyst this ticker had been waiting for to confirm that breakout attempt in early July. We have a MacD crossover, a new RSI high, and major reversal of the downtrend in price.

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Netflix's last earnings report definitely led to some insane price action, but the dust seems to be settling now. It looks like Netflix has found its way back down to its latest strong support zone, and in doing so, has formed a falling wedge. I entered this trade today with a stop @ $330, which I've identified as a zone that would break the current upward channel.

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I really missed out on my last GRUB idea. I'm going to try my best not to let that happen again. The company is healthy and still trading in this channel, which had upper and lower bounds defined by two huge volume bars. I like that pop up after earnings last week and the recent pullback seems like it may be a good entry spot.

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Spotify had a great IPO. I really like the company and potential for growth. I wanted to wait for the price to establish an identifiable trend of some sort before I made entry, and I think I found one. Price seems to be moving in this upward channel. Annotations are on the chart but I think its a safe assumption to assume the 50 day MA or the lower trendline will...

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MU seems to have broken down a bit and is heading towards support levels. I personally think once it finds a bottom price will rally back up very quickly. P/E is WAY too low on this thing and most analysts have $100+ price targets... implying over 100% gain possible from here.

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Its always good to brush up on our trading rules. One rule I live by is that past resistance acts as future support, in case you couldn't tell by the chart! In late June the price was met with resistance at $154. After retracing and testing support again, the stock is ready to try again. If the price does bust above previous resistance @$154 I'd expect a move up...

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Confirmation of wedge breakout + volume surge. Well it looks like the chart I annotated yesterday took off a bit early on me. Retail numbers have been good and this type of formation is being seen currently in M, KSS, AEO and many other retailers. Price is bouncing off of longer term support and breaking out of this wedge. I'll buy now and sell a portion around...

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As if the daily chart wasn't showing enough momentum this week, the weekly chart of BAC paints an even more clear picture. Price did an Ollie off the 50 day moving average. Keep the trades simple and stops tight, people.

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Analysis: After a month and a half of straight down hammers, $VLO has finally reached support along the lower trendline. Earnings are coming up quick on 7/26 and could be the catalyst that drives this ticker back up towards the average analyst price target of $122 per share. What I see : 1. RSI is riding support along the lower end of its range 2. Slight...

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Hello everyone. Today we have a Textbook Symmetrical Triangle on MOMO. And when I say textbook I mean, to the tee, check it out. stockcharts.com If this pattern holds true here then I would expect to see a run up to $59. Knowing MOMO this will happen quickly, historically when it gets movin, it moves quick! I assume it would be pretty safe to buy in here with a...

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Yuge, we've got the biggest support. You'll see when we show um, we've got the biggest and best support around. Can't be beat. $69 range represents support at the 50 day moving average. And also would you look at that beautiful, just beautiful, resistance in Jan/Feb that's now acting as support @$69. Wait for the volume breakout my friends then buy this thing and...

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This stock has been chugging up for quite some time now. Analyst price targets are around $35 and it looks like it may actually get there. The stock has made what looks like a textbook bull flag setup. If for whatever reason the bull flag is a mirage, there is still visible support at the 50 day moving average. Right now we just have to wait for some volume to...

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This appears to be a pretty textbook bull flag setup. I see a large volume spike and run up in price, then a period of consolidation. The stock is in an overall upward trend so I would expect this bull flag to be a continuation pattern at this point. Its hard to tell exactly but there appears to be a line of resistance on the RSI that was recently broken. That...

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Looks like ADI has been consolidating for a few months within this long term uptrend. I'd expect a bounce around here with a price target of mid $90's in the coming months.

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Annotation on chart.

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Annotations on chart.

gingerheadtrader

Looks like IMGN is being bound by a symmetrical triangle. This is my favorite type of setup, especially when we see the stars align like this; heavy volume on the daily and hammer candle right at the bottom of the range. Might bounce off of $7.80 and head down again before breaking out of the triangle but I think its safe to enter here with a stop loss at the...

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There has been a huge rally in MNKD over the last couple of days. The daily chart is looking very precarious up here. There is a small chance it could keep rallying, as it appears to have slightly broken through resistance (or I plotted it wrong), but my money says this is a good short opportunity as people will likely be taking profits. Next two stops down look...