myfye13

myfye13

Looks like we have a breakout of ACLS 's head and shoulders pattern. I believe a retrace back to the neck line is likely, at which point the a breakout up or down may be confirmed.

myfye13 Updated 

NYSE:QEP looks to have completed a head and shoulders pattern today. I have listed two price targets, the first being an area of possible support. The second target is the price target based on the size of the head and shoulders pattern. Only concern is QEP is currently at a trend line support.

myfye13

Long term Cup and Handle formation for FOSL . If the bullish wedge currently forming the handle breaks out, the stock should try to fill the gap between $37 and $39, which would be a good place for initial profit taking. Based on the size of the cup and handle formation, around $59 should be a final price target. Remember this is a long term chart pattern and...

myfye13 Updated 

Technicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a...

myfye13 Updated 

TVC:USOIL has retraced back to a previous channel which is now acting as resistance. The bold line is my initial opinion, where the fact that USOIL recently broke a major trend line (blue line) and the channel resistance will send the stock down to $62.50 before we get any real support. If oil does break through the channel resistance it could retrace back to...

myfye13

Oil will retrace to the lower bound end of its current channel with strong support at $66.50

myfye13 Updated 

See chart. Note: PRICE MUST BREAK RESISTANCE AT $17.47, IF IT DOES NOT the stock may consolidate in that small range or fall. If a breakout is confirmed, at the very least I would expect UA to fill the gap between $21.4 and $24.97.

myfye13

After analysts punished FEYE for a less that perfect earnings outlook, FEYE has retraced back to the trendline it fell from. However, volume over the course of the retracement has waned, which could be a sign things may get a worse before they get better. I have outlined my 2 ideas below. Short: FEYE falls through its major support line (purple line)...

myfye13 Updated 

Nice breakout for BOOT today. I can see this stock heading back up to $20 before it encounters some resistance both from the long term channel it is currently in and from its 52 week high.

myfye13 Updated 

This could be the start of a pullback to retest resistance (possible neckline of inverse head and shoulders). Good volume on doji indicates resistance and pressure to the downside. This is a short term play only (see long term idea for FEYE below)

myfye13

MMLP created a double bottom late march of this year and with earnings in a week we could see a nice breakout from the downtrend it has been in since October of 2013 and a fill of the gap at $16 Should a breakout occur, I would expect some sort of retest of the trend line so you should probably tier your profits.

myfye13

FEYE is poised for a nice breakout after breaking out of a nice pennant consolidation. News of the new incoming of Chief Security John Bolton may boost the stock more. If it were to break out, I would expect it to at least fill the gap at $26

myfye13

We'll see how this plays out, but AU could be in for a nice run. Must break through that resistance at the red trend line, and the gap created today may need to be filled before moving up.

myfye13

Note: Both of these charts are linked, so the coordinates for the lines shown above are the same. Note the difference between arithmetic scale (left) and log scale (right) in terms of trend line support (black & blue lines). LTC has been consolidating in a nice bullish flag for about a month and these trend lines could be valuable in determining if there is a...

myfye13

Looks like EA is forming a weekly H&S with a neckline at roughly $105.50 and with the shoulders and neck at about $116 and $122.75, respectively. A few notes on the formation are listed below: 1 - The beginning of the H&S formation shows strong volume on the way up, as a good H&S pattern should, which subsides as the head is formed 2 - The fall from the neck is...

myfye13

Nice Inverse H&S formation for TSCO, with declining volume on the way down and increasing volume on the breakout confirming the chart pattern. Initial profit taking point can be either at $64.30 or $67. Should the conditions be right, I wouldn't be surprised if bulls tried to take out the gap between $78 - $82 before moving down.

myfye13

Look for a bounce before AMZN completes the H&S. 1st Price target is at $900, and the 2nd would be around the $847 mark. The bulls will not go quietly with this stock. A breakout above $991 should be viewed as bullish and the trade would be off.

myfye13

IBM completed a Head and Shoulders pattern on strong volume, indicating the downward trend is likely to continue. Given the downtrend has gone on for some time now, I would look for a small pullback before the stock's decline continues.