Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 6.11/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Possible cup and handle forming on the daily chart coming up on earnings. Let's hope we get a positive report and see this stock cross over the 200EMA. I am looking for an entry between $11.50-$11.70 and we should see an upward move to about $13-$14.
Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across four segments. Its Electrical infrastructure segment constructs and maintains a...
Testing a Scalp here not sure if this will move enough for me but I like the way this looks and want to test this trendline that I saw. Took entry with two option calls til June 18th.
1hr view with specific trade plan idea.
A measured move has this reverting to 17.44
Previously accepted range was 18.00 – 21.50
Fib ext has this a minimum of 14.01 with high expectation
of at least 15.87
Volume Profile theory shows this rejecting from VAL
and reverting to other side of Value Area at 18.98
Previous trading range VPOC was 19.46
L Entry now or...
Besides being my all-time favorite movie
Here’s my stock pick of the month and swing trade idea.
This will be a multi-part chart looking at monthly, weekly, and daily.
Monthly Analysis:
Note the price action after the last two steep sell-offs
Note the variance from the 200ema
RSI bullish divergence
Price rejection levels from $7 area in the last 10 years
Price...
Matrix Service Co. engages in the provision of engineering, fabrication, infrastructure, construction, and maintenance services. It operates through the following segments: Electrical Infrastructure; Oil, Gas and Chemical; Storage Solutions; and Industrial. The Electrical Infrastructure segment includes the construction of new substations, upgrades of...
MTRX formed a nice fallen angel formation. It been scooping up nicely & now just breaking out its SMA20. We think it has good upside potential from here.
* Trade Criteria *
Date First Found- June 8, 2017
Pattern/Why- Fallen angel pattern
Entry Target Criteria- Break of $8.73
Exit Target Criteria- $11.87
Stop Loss Criteria- $7.96
Please check back for...
