sarge986

sarge986

Falling Wedge worked like a charm. Found support at the 50-day SMA. Making second attempt at the 200-day SMA. Holding this level will force professional capital into the name. Some risk at this point for a double top reversal. Still long. Still bullish.

sarge986

Classic breakout from consolidatory closing pennant formation atop a rally. Target Price: $193 Pivot: $161 (50-day SMA) Add: Below 4170 down to pivot. Panic: Loss of 50-day SMA or 8% loss Positions: Long GE equity.

sarge986

IWM breaks out of short-term ascending triangle late last week into early this week. Now working its way towards completing a two-and-a-half-year cup pattern. The pivot is currently the left side apex of the developing cup. Should a handle develop at some time soon, the pivot will shift from that left side peak to the apex of the right side of the cup. A take and...

sarge986

Possibly breaking out form a Falling Wedge pattern of bullish reversal. Long the name. Short-term Target: $8.75, add down to 21-day EMA, panic on a new post June low.

sarge986 Updated 

RKLB was rejected at the 38.2% Fibonacci retracement level of the July through April sell-off. The stock has just benefited from a golden crossover of the 200-day SMA by the 50-day SMA. Now, the stock after testing the lower bounds of our Pitchfork model has exceeded the central trendlines and could run for the upper trendline. Relative Strength is excellent. The...

sarge986

Stock rallied 7% on Wednesday yet failed to retake the 21-day EMA or the lower support line for the descending triangle. Watching this one for entry. Not ye pulling the trigger. Need more than what we saw today.

sarge986

NYSE:LMT Lockheed Martin. Potential Ascending Triangle under development with a $475 pivot. I am long the name. Lockheed Martin (LMT) Target Price: $546 Pivot: $475 Add: Close to 200-day SMA (Currently $441) Panic: Loss of 200-day SMA.

sarge986

PLTR tries two days in a row to take pivot. Relative Strength is now in an improved position over the past two weeks without being technically overbought. The daily MACD is also more bullishly postured with the 12-day EMA curling away from the 26-day EMA and the histogram of the 9-day EMA still in positive territory. The only difference now from my last missive is...