wave3trading

wave3trading

PTLA is worth a watch if the $60 level is broken for more upside move. It has been slowly grinding up so we will see if it has the momentum to pull off this breakout.

wave3trading

Look for MOMO to start trending up on this reverse head and shoulders pattern.

wave3trading

AAPL looking good for the upside. Add as the trend confirms.

wave3trading

TSLA using the last two down trends on a yearly basis shows we could be going into 300 area and if that breaks, we might not find any real support until around $245 area. I kept my initial study from a week ago of Elliott waves there and I can see the wave counts are all wrong now. heh heh.

wave3trading

CLVS about to break 52 week high after the channel breakout I mentioned a week ago. Look for any dips for breakout.

wave3trading

I kept my Elliott wave count up there from when I first posted it a week ago. It looks like my wave count is probably wrong. heh heh... SIG might still be respecting trend and bounce off the trend line so keep it on watch to see if it tries to make a up day on Monday. Have a good weekend!

wave3trading

I hope some of you made some money on this name. I mentioned for a few days if it stays under triangle, a short bias will work. I day traded it with the short side in mind today. I am not holding any overnight but I will look to short any ramp ups on Monday as long as there is no significant gap down. Have a great weekend!

wave3trading

ATVI could be a long if Monday upside is confirmed with the confluence of a bounce off the 200 MA and the formation of a double bottom.

wave3trading

COST looks to be a short now breaking below recent range support.

wave3trading

AAPL on watch to see which way it breaks out of that triangle.

wave3trading

Yesterday I mentioned it could go either way if it breakouts or it turns down to start a head and shoulders pattern. It looks more like a head and shoulders now so look for any ramp ups tomorrow to short into.

wave3trading

I'll be looking to go short around the $28 level and really add if it can break 27.50.

wave3trading

WHR at a level that could make it a right shoulder in a head and shoulders pattern. If it breaks through that level, it could break out to test previous highs. We will see which way it goes and trade accordingly.

wave3trading

NUGT coming below the triangle. Another down day and I will look to get short.

wave3trading

CAH might be pivoting into a Elliott wave 5.

wave3trading Updated 

SHOP might be in a head and shoulders pattern. If my wave count is correct, we could be developing an Elliott wave 3.

wave3trading

TSLA maybe a good long if it is onto an Elliott wave 5. It just breaking through a flag pattern now.

wave3trading

BMY looks like it is testing neckline of double bottom. Also looks like a breakout of a flag pattern. It could be going into a Elliott wave 3.