I may be crazy which is why I will wait for confirmation by price. In my opinion the Japanese market will be the leader in a strong, steep decline in overall markets. IF that happens mind you. I don't take positions based on what I think will happen on what provides best risk / reward ratios. This is one to keep an eye though. The inverse ETF has been in a strong...
Jakk on the Weekly is showing the break in the down trend followed by decline which seems to be over so the up move can continue. With holiday season coming up and Jakk's license rights to Frozen upside is very possible.
UPDATE: I like the MACD crossing and still going up. ADX is showing strong signs as well. Not a fan of Stoch being in overbought area though. Needs to close above first line of resistance. Caution is required here as earnings are close and I do not expect a strong earnings. Looking for a run into earnings which several other traders are as well. We could see some...
UPDATE: Took no position as this gapped up and moving down with light volume. Will evaluate at end of the day (10/6/14) to determine if downtrend is reversing. At end of the day price closed nearer low of the day than higher of the day. Will buy once Stoch. is aboe 20 and RSI continues up
Going long for a quick move to resistance at 8.37. Looking at .10/1.26%...
Based on previous down channels followed by breakout the return was 42%. I anticipate a breakout in resistance of 9.11 and will buy at 9.12. Should return to resistance of 10.47 for a gain of about 15%. Higher than normal volume shows a lot of buyers. Will neeed another confirmation of large volume.
Plug may be showing an Ascending Triangle here. Going Long at 4.56 with tight stop of .10/2.18% with target of .60/13.07%. Nice green candle on the daily. Not expecting any bad news from PLUG in the short term and should start to hear of more deals due to their new financing offering
Gluu looks like it is setting up to make a short run into it's resistance. I anticipate a breakout to next level of resistance as well. Target is 5.69 with stop loss at 5.21. Stop Loss is very tight. Reward is .43/8.17% Risk is .05/.95%
Looks like similar situation in August except trend line was punched through today. I am going short via leveraged ETF with a tight stop (as always).Target is 2.95 or 1.52% with stop of .65 or .33%. Risk/Reward 4.54
