this correct is done or will complete soon for more upside. old projection in black bars
Entry Short Signal at $86.11 Cover at $84.72 Profits $12.980
Risky and with low RR. Eventual Support zone is extended.. keep finger crossed
Some people have problems with the idea and concept of short selling stocks and others think that is illegal and immoral. From my point of view I only focus in the technical aspects, in the case of short selling the concepts are rotated 180 degrees For example to buy stocks the ideas I publish are based in resistance becomes support Here it happens backwards,...
Weekly 61.8% Fibonacci retracement Overall uptrend Always use stops! Cheers.
JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label. * Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special...
JACK offers a terrific short setup against a low volume resistance level, and two historical key earning levels. The spread with CMG makes it a great candidate for a pair trade, aiming to capture the profit from both the JACK short, and the CMG long. CMG has to rally to catch up to JACK, and JACK is overextended and will revert back to the mean. You can size each...
Today's confirmation for bullish bottom triangle has a positive measured upside target price $87 next 120 days. Stop at recent swing low $70. Real-time alerts go www.2waytrading.com
Disregard other complex patterns but focus on the DCT that may be more reliable than the other pattern with the confirmation of FIB. Do ur HW before u open a new position and use SL that fits your risk/reward appetite. Real-time alerts www.2waytrading.com
JACK is the owner of the fast growing Q-Doba restaurant chain and has been building a nice zone of consolidation and accumulation before its next advance to new highs. The relative strength to the overall market has been impressive lately and relative strength has broken out of a 6-week range. My proprietary indicator I call "RgMov" shows how easy the market...
The high ADX indicates that this negative trend that has emerged since March is strong and thus trading in the direction of the trend would be advisable. The RSI is not oversold and the stock has backed bounce aggressively off its lower bollinger band back above the 20 day simple moving average. The MACD has already crossed up above the signal line indicating that...