This looks like a falling wedge breakout. I would like some confirmation of the breakout today.
MA looking good. It looks like it wants to break the consolidation triangle. There's also an inverse head and shoulders formation. If it will break the neckline, then I would really be bullish on it.
A monthly close above $44 would confirm the break of the resistance. Otherwise, not looking too bullish.
Planning to buy half position at $74 and fill it if it comes down to $70.
I would buy 1/2 position at $74 and I would fill the rest of position if it comes down to $70.
ABT recently broke the resistance of the down trend. It's coming down now to retest it (previous resistance which now is support). Probably should have waited until it will touch the trend line ($41-$42), but I got excited by the price meeting multiple EMAs and I initiated a long position at $42.
TWTR looks like it bottomed at $14 and the trend turned bullish since then. I will buy TWTR on support line of the highlighted reversal uptrend channel (in the $17-$18 area).
FRGI is in a downtrend, so I expect 5 waves down and then 3 waves up. The 5 bearish waves look completed (1 to 2 zig-zag, 2 to 3 the longest, 3-4 sideways). I expect a zig-zag A-B-C. Purchase at (5), sell at (A), purchase at (B) and hold.
3 years in a channel. Buy at support, sell at resistance, buy again at support, sell again at resistance... Or just buy and hold? I will definitely buy some at $220.