gingerheadtrader

gingerheadtrader

Looks like we finally broke the triangle! FANG stocks in general are all looking really juicy.

gingerheadtrader

DISCLAIMER: Be very careful with pharma companies, that's a lesson I've learned the hard way one too many times. Things like failed trials or FDA rejection can make these drop fast. BUT, that being said this technical chart setup looks great. What I see: A downtrend that was in play during the whole of last month was broken yesterday. These breakouts are hard to...

gingerheadtrader Updated 

Amazon has some pretty lofty analyst price targets, most around $1100 a share. But, the price appears to be setting up a descending triangle pattern, I'm not too familiar with this pattern but from what I understand its a pattern that suggests a downward break in price movement. I'll be watching this closely to see how price breaks out of the pattern. Looking for...

gingerheadtrader

Not my normal type of play but this thing is too oversold to ignore. Looks like a good setup for a day trade.

gingerheadtrader Updated 

I went long at $3640 when price broke the downward trend it'd been holding for the last few days. I'll scale out at the 3 resistance points I've identified. Stop loss set right where my entry price was. I'm guessing that, longer term, price is headed to major support around $2800, but short term I'm expecting this bounce.

gingerheadtrader

EXPE broke long term support and has been in a falling wedge pattern for quite some time now, but it looks like it may be due for a breakout soon. Volume is building and the wedge is pinching. I also see positive MacD divergence which is always a good sign with this setup.

gingerheadtrader

Avgo fell after I initially started watching it, I believe this was profit taking after the dividend period. However, price seems to be resting on a support line for now so I'm going to continue watching this. The arrows I drew more or less represent the price action that I'm expecting.

gingerheadtrader Updated 

News today about Toshiba preferring a bid from Western Digital over its competitors drove this stock up over 4% midday (from -2.5% to up 1.8%) in a matter of minutes. This price action was sustained throughout the day and the daily candle was able to keep above resistance. This heavy volume, in combination with the downward trend being broken, on the price and...

gingerheadtrader Updated 

Edit is showing a symmetrical triangle setup. Possible breakout. Very high volume on the last trading day.

gingerheadtrader

AAN dropped 10% the day after I published an idea on it. I believe now its found its true bottom.

gingerheadtrader

AVGO getting heavy volume on the bottom of its upward channel. I'll be a buyer above the top of this triangle in price and I'll reassess around $260. If it breaks into $260/all-time-highs it'll likely be good for much, much more. There is a line of resistance on both the RSI and MacD indicators that will be very important to watch, a break to the upside on either...

gingerheadtrader

Price is moving in an upward channel but is about to test the resistance of a trend line that’s been established for over a year. There is very heavy volume right now and if the price breaks above $7.25 -7.50 then I would expect a large move to the upside. Confirmation that price is moving off the of the lower trend line comes in the form of a positive stochastic...

gingerheadtrader

RGEN is showing strong signs of a breakout to new highs. The most interesting point of confirmation for this trade for me is that the RSI resistance line which was established in late June, is now acting as support. Overall the volume is a little low for me to go into a trade, but I might change my mind depending on how strong the confirmation becomes of this breakout.

gingerheadtrader

UCTT just broke out to all time highs on very heavy volume. It'll be interesting to see how much upside is left in the price but I think it will definitely continue up from here.

gingerheadtrader

Description is on the chart. I'm a buyer on the first pullback, around $53 or $54.

gingerheadtrader

KEM previously had failed to bounce off of a channel line I'd established on an earlier idea and so, I scrapped the trade. I've been watching KEM and think its finally bouncing off of the lower trend line, only time will tell though.

gingerheadtrader

Price on AAN appears to be in a longer term upward channel. Currently however, the price has been consolidating in a smaller downward trend within the longer term channel. The volume increase last Friday was likely related to options expiration, but its all the excuse I need to start watching this stock as it nears a pivotal point.I believe price will either turn...

gingerheadtrader

BABA broke out to new highs in this recent bull swing. Todays candle was fully bullish & some of the indicators are looking up too. Definitely one to watch.