Break above previous high of the day means that buyers are nterested in higher prices. Tight consolidation gives good risk/reward opportunity with high probability as markets hitting new historical highs. 8 rising EMA controls price. 8/21/50/100/200 rising EMA with higher lows and higher highs - that is definition of UP TREND. Check out my idea in link below
Vipshop is very strong as it came from $30s with igniting move to $180. Then entered into controlled pullback and found support aorund $130. During recent move stock bounced from support, regained moving averages, broke intermidiate resistance at $160 which now acts like support. Yesterday it closed in front of resistance at $180. Maybe if it will go through...
1. Wedging above important, intermidiate level of resistance at $88. Broke through lead to momentum, steep move to $89. Action supported by strong markets. 2. Bull flag near highs above 8/21 EMA. Slower than previous leg. 3. Upper-levle base near highs. Break above gave us final leg.
Starbucks has found support at $68 area after it topped at $82. It attracted attention after it broke up consolidation and regained short term moving averages near $71 and caught some follow through momentum with gap above 100 and 200 EMAs. It took couple of inside days to regain some power and on yeasterday it broke this consolidation and triggered another...
Nice, strong breakout in Microsoft today. Intraday entry was at $40.50. You can trim&trail some in front of resistance if you manage this on daily basis and for investors nothing to worry about. New pivot resistance at $40.97, above that could trigger another entry/add. Next resistance at $41.30 then we have highs at...
I will put my alert on this stock above $89.30. I like this set-up with tight upper-level base. Overall market is strong with S&P on new highs. Entry trigger: close above $89.29 Then Stop: below $87.50
Filled the post ER gap from smashing qtr and has held long term support and tested 200 day MA. Pick up in volume and very nice strength shown the last few days vs mkt and peers.. Stock also broke back above the cloud on the hourly chart for the 1st time since ER. Buy signals across various time frames. Bullish Tenkan/KiJun Cross on 4 hour and Bullish MACD cross on...
Google (GOOG) broke up down channel first time on 12th of May and regained 8 and 21 EMA. That was first signal that this may change direction. Google almost reached my target at $557. Next resistance at $564-68. It should hold above $540 support to keep attention of active traders. Then we have series of higher lows $523.57 and $511 that should act like...
Last summer this pharmaceutical company was a single-digit stock but it has been on tear since. The stock did pull in sharply after topping out in the upper $80s in early March, but it has responded well and looks like it could be setting up for another leg higher. Trading Plan: Stop: below $68 Entry: break of wedge Target: $78 then $86
Yeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action...
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ...
With markets down around 1% this biotech company showing us relative strength. It is trading on highs above all key moving averages in very tight consolidation above previous swing high @ $85.50. Entry here and expect break up of $88.50. If market will show us some strength, this stock could be a good candidate for long.