mroberts1204

mroberts1204

After a couple of false starts, HLI finally broke out from it's consolidation pattern (Inverse H&S Continuation) and has come back to the scene of the crime. It is also getting support from the 20-day EMA and printed a really nice reversal candle on heavy volume. I took this trade and placed my stop below the low of the day.

mroberts1204

Sheeesh talk about a disappointment. CATS had ripped and was building a high tight flag when it collapsed. Today it printed a reversal candle at previous highs and closed right on the 50-day SMA. With 40% short interest, this could see a real nice bounce here.

mroberts1204

If you're looking for short opportunities, I think ARNC might be a good one. This was a spin-off of Alcoa. The chart on TradingView is deceiving - it started trading under the ARNC ticker April 1st. Not sure what the other price history is from (maybe AA?).

mroberts1204

Today is the second time CHWY has tested support since breaking out from it's IPO base. I'd prefer to see a close above the 20-day EMA but willing to overlook it considering the setup. Stop below today's candle

mroberts1204

Breakout from multi-year consolidation on volume.

mroberts1204

Loving this setup. QGEN has struggled with this level for over a year. Recently it has consolidated with very tight price action and low volume at the highs. Volume has started to come in over the last two days as it looks to make a run for it. A good swing trade candidate. A move below $41 would have me out of the position. Earnings are out of the way so no major...

mroberts1204

RRGB getting support from previous resistance and the 20-day EMA while contending with the 50-day SMA. Aggressive traders can take entries here but I'd rather see a green day to confirm the support before putting money on the line. 26% short interest so this thing can really move if it catches a bid.

mroberts1204

Looks like a good risk/reward setup in PDD. Fairly new name that has acted well during the recent volatility.

mroberts1204

PTON has tested support three times since it's breakout. It now appears to be breaking the downtrend. The volume profile is encouraging and looks to be under accumulation. With 40% short interest ratio, this thing can really squeeze into earnings (May 6).

mroberts1204

WYND finally broke through the 20-day moving average yesterday. It had struggled to get it through it over the last couple of weeks. Today it pulled back to that moving average and is printing a nice hammer candle. I think the stock has bottomed and it runs to the 50-day without much resistance.

mroberts1204

TDG broke through the 20-day EMA as well as the downtrend line. We got a successful test of both intraday and it looks to be off to the races.

mroberts1204

Nice follow-through from ZNGA after printing a reversal candle at previous resistance (confirming support). Price is still in the buy zone with a stop set at or just below $7.29.

mroberts1204

Not much to say here! Really impressive breakout

mroberts1204

Failed breakout in CGC setting up a good short opportunity.

mroberts1204

Oil & Gas Exploration companies look vulnerable to another price decline. Call it a bear flag if you like, but this looks like a head and shoulders continuation to me. Is that a thing? Yeah it is

mroberts1204

EXEL being rejected at resistance and at the 50-day moving average. Looks primed for a reversal lower. Short opportunity

mroberts1204

Looks like a pretty clear bear flag in XLF. Financials have lagged the broader market on this bounce and I'd expect them to break down first. Should be a fantastic short opportunity.

mroberts1204

JNK has stalled at major resistance. The current trend is down so a reversal here should be interpreted as a resumption of the prevailing trend.