Series of HH and HL on the daily chart, plus a potential H&S pattern on the daily. Good RR with stop under the recent low. Breakout order is to avoid a premature entry
The downtrend since Sept last year was broken. There are 2 bullish setups on the daily chart - a cup&handle, which was triggered and a H&S which is forming. Also there is a gap up to be filled. My mental stop goes under the handle, which defined position size lower that usually - about 10% of my trading portfolio.
I will go long ORCL if it stays above the 5day VWMA intraday for more that 30 mins. The reasons: - broke above triangle range on daily chart - if it finds support in today's market above 5 day VWMA intraday, which is also above the previous resistance on daily it will be a positive sign - long term uptrend
I think IWM still have upside potential until it gets to the resistance on the daily chart. Low risk entry point is presented now on the intraday.
DDD recently broke the downtrend on the daily chart. There is a good entry point on intraday chart now with a stop just below the Friday's low.
JMBA developed H&S pattern. I will wait for a pullback to enter with a stop just below the new low
It seems ARCC is ready to fill ex-dividend day gap. It gives good upside opportunity combined with high dividend yield
Long position in CSCO once it clears the previous resistance at about 28.6 provides good risk/reward
On the daily chart BIDU is touching its 50DMA, level rejected sharply since the beginning of the year. I will be looking for downtrend continuation confirmation on lower timeframe.
I will be looking for uptrend continuation and will try an entry just after a new higher low on 30 mins bar chart. Stop just below the low and 5DMA