AXP is associated with travel so the stock has seen extreme volatility as of late. AXP has fallen out of it's rising wedge and has filled some small gaps on the way down. The bottom and top of gaps can serve as support or resistance, so perhaps there is some good support to be found. Take a look and trade safely Possible Breakout: 98.5 My Stop: below...
HD fell out of rising wedge, so to me it is becoming safer to trade. I like this one because you can swing trade it plus it is a good keeper as well Low short volume and a well loved company. Handle low is at 236/is where you should in reality place your stop but sometimes, especially in a market such as this, can be a good starting point to buy the stock. I am...
QCOM seems to be pulling back it would appear and solid support looks to be at 78 and 80 (ish) QCOM looks to be in a rising wedge right now and could fall out. Breakout from a V bottom would be over the prior high so possibly at 97.2. Due to stocks often pulling back when they reach a high as of late, unless the stock is SQ or PYPL, ETSY etc.. LOL..definitely do...
I like trading ETFs and software seems like a winner to me! I am watching this closely. This particular ETF could have a nice reward too. Target 1: 130 to 145 Target 2: 170 to 180 This one is pulling back right now and if I enter it I would have to play the stop by ear. There is a tiny gap that is bugging me under 99.4. I have found even the smallest gap...
Earnings are today after market close so do your research on this one! Plus it has already hit break out today and price is over the ascending triangle as I post this. Possible pull back before market closes today. I do not like it when the stock is already up this much in one day before earnings are released and sure wish I had caught it at market open..lol...
It is always risky to trade on earnings so do your own research on this one! This stock rose from the bottom in an ascending wedge pattern/irrational exuberance, but has fallen out of that wedge, just not quite as far as I would have hoped. It is also in an ascending triangle with some tough R at 105.6 (ish) Hypothetical Breakout: 106 Stop below handle low: Under...
MKC has earnings tomorrow BMO. Trading on earnings is risky business! I have found they can beat earnings and still go down, especially on a day like today, so always trade safely Entry: 174.75 Stop: Under handle low so below 164 Target 1: 199 to 210 Target 2: 251 to 270.
Recent news on a patent has contributed to BIIB trading below it's channel. A long way from break out for sure but may be worth watching for a swing trade then play it by ear. If you look back this stock traded in a rectangle in 2019 as well with support at 216ish. This time support has not truly been established as far as I can see so I am watching this one...
Can Oracle break out? I would think this stock falls in to the value category especially in the tech sector if I were to guess but it keeps chugging along. Oracle missed revenue on it's earnings in early June but did not go down an awful lot. If you look at the 20 year monthly the stock is definitely in a slow and what I consider, safe up trend. Possible...
Does TNDM have trouble hanging on to a high..or is it just me? LOL Tandem is trying hard to break out of the triangle and fell out of rising wedge it used as a missile from the corona low. Now that it fell out of the rising wedge, I am okay to trade it if it behaves (o: I will wait for 93 or catch it on the next deep pull back as I think it will continue to...
Solar is on the move! This one broke out last week/breakout was 144ish My Stop is 135.5 but tighter depending on tolerance as long as stop is under handle low Target 1: 172 to 193 Target 2: 240 to 260 Trade at your own risk. This is a volatile one (o: ENPH often follows this one
HASI pays a good dividend and has room to grow. The stock seems to be hanging out right now in consolidation mode and is filling a gap formed in the corona crash. Negative volume is high but PVT is negative. This stock is not part of the "in crowd" right now (o: V Bottom and Breakout is over prior high at 40 I bought this for the dividend in my IRA at the...
Not there yet! Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change! Hypothetical entry would be: Over 33.9 Stop: Below 30 (not a bad trade when it is time) Target 1: 41 to 43 Target 2: 49 to 53 I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term We are all...
Not there yet! Great dividend, just banks are not tech or biotech right now, but one thing I always count on is things do change! Hypothetical entry would be: Over 33.9 Stop: Below 30 (not a bad trade when it is time) Target 1: 41 to 43 Target 2: 49 to 53 I hold this in my IRA and bought it at the bottom so Okay with holding on to it longer term We are all...
If you look back to 2019 there is a prior high at the top of a wick of $74 that appears to be a shooting star on the weekly time frame. So hypothetically entry would be over that high at 74.10 (ish) (stock is overbought on daily) Stop: Under handle low which is under 57.50 (ish) A bit of a wide stop )o: Target 1: 90 to 99 Target 2: 127 to 140 I am waiting on...
CRM is so close to breakout and yet so far! Hypothetical trade.... Entry over prior high which is 195.85 (stock in overbought in daily time frame) Stop below 188 Target 1: 245 to 260 Target 2: 300 to 325 This is not one I would jump in early on (o: