iAnneTrader

iAnneTrader Nov 5, 2014

UAL has not been in the best of trends although it has been heading up since the 2009 low. The monthly ranges can be large, which makes it difficult to trade. September 2014 saw price fakeout above the 2007 high so another deep pullback was not unexpected. More recently, however, price again broke above the resistance and this time has stayed above. There was a...

iAnneTrader Nov 5, 2014

COST had been a great trending stock for quite some time - particularly through 2011-2013. But the last year has been a poor one for the trend trader. On the weekly chart this is shown by the rounded bottom and on the daily chart by a period of consolidation. The breakout from this zone was messy. Finally on 29th and 30th October we had a couple of bullish bars...

iAnneTrader Nov 5, 2014

When looking at the weekly chart of MMC the uptrend looks very linear. Since trading above the 200ma price only once returned to retest it in October 2011. Since then it has only broken the 50ma twice - more recently with the low of the flag in October 2014. The figure $50 acted as a reasonable support - there was a small fake-out below this and the 200ma on the...

iAnneTrader Nov 4, 2014

ENH is not the best looking chart to trade right now but there's a textbook Cup and Handle forming on the weekly chart. Price just need to break the January high of $58.83 to confirm this chart pattern. Normally a cup and handle is tradable on the breakout but this one has taken almost a year to form so it may be advisable to wait a little longer - rather than...

iAnneTrader Nov 4, 2014

DRE is still trading well below its 2007 high - but this gives it plenty of room to go higher. In August 2014 the May 2013 high was tested and failed. This followed a good linear trend which started in February and really got going as it broke through the 200ma. Pullbacks were neat until the retest of $18.80 in August - which was followed by a much deeper...

iAnneTrader Nov 4, 2014

There's not much data on ARCP so a full history cannot be determined. But so far $10 has provided the main support zone for price. Price gapped down but closed just above $10 on 29th October, which was the first opportunity to short this stock. It gapped down again on 3rd November, again on higher volume to the previous day. Although the bar closed higher than...

iAnneTrader Nov 3, 2014

On the weekly chart TRV looks to be in a fairly linear trend, but some of the pullbacks have been too deep and would have stopped most trend traders out of their long positions. The more recent consolidation can be seen on the daily chart. Since earnings were announced price has risen quickly, breaking out of the consolidation zone and breaking through the figure...

iAnneTrader Nov 3, 2014

FISV gapped up on the daily chart on 29 October on higher volume, but the breakout bar was bearish. However, the previous resistance had already been broken and the breakout held so the move up can be considered stable. On the weekly chart a flag with a doji base also gives momentum to the upside a boost. The 50ma acted as support on the recent pullback (which...

iAnneTrader Nov 3, 2014

ORLY has convincingly broken out of an 8 month range. Last week a bullish flag was confirmed on the weekly chart. On the daily chart price gapped up on higher volume. Support is now around the 160 zone. The gap was too soon to enter on a longer term strategy, due to the prolonged consolidation - it could have been a fakeout. I will be waiting for a pullback...