GoranTrader

GoranTrader

Symetrical Triangle Formation break out above!

GoranTrader Updated 

I will be running a series of tests that will enable me to determine the probability of success of specific strategies. I will even test strategies that I feel may not work. My goal is to test various patterns that many think are profitable. I will then apply the results to my own trading.

GoranTrader

Reasons I bought 1. Currently bouncing off of a weekly support level which is also respected multiple times in the daily timeframe. 2. Zacks rank: 1 strong buy 3. Also bouncing off 50 sma 4. Solid risk reward ratio about 1:4 or more

GoranTrader Updated 

MU broke the 20sma and then broke the 50sma after a solid downtrend. Seems to be reversing. Got in on the engulfing candle on Friday.

GoranTrader Updated 

Double top test 2. Long on break out or short on fall down. Bearish divergence of RSI and Volume says to go short. We'll see. Goal is to determine weather the Rsi and volume are good ways to predict direction. Also tests the validity of the pattern

GoranTrader

another double top test of a company with good fundamentals.

GoranTrader

The resistance level that was just broken into is also a psychological level of significance due to the fact that the price at this level is $100. This number usually hold some importance on many stocks. This stock has proven to hold this price level as an area of significance. DG (Dollar General) was also in a similar position not too long ago.

GoranTrader

The overall market did not do so well today. Netflix, Apple and other large tech companies experienced significant sell-offs today as well. Despite all the red across the tech board, IBM managed not only to stay positive, but it has experience some significant buying pressure. IBM is also very close to the 200 sma and is making higher lows towards it on relatively...

GoranTrader Updated 

The market has been very choppy lately with lots uncertainty. The qqq was unable to make new highs on the previous move up. although this may be true, we can still see a potential trade to the upside with a reasonable stop loss below. The qqq has pulled back to the 61.8 Fibonacci retracement level. also it has some support which was respected twice last week. For...

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AM is currently at the 50 sma. Good potential for a swing trade

GoranTrader

POR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good...

GoranTrader

Going long on 2hr time frame on EUR/USD. Beautiful Cup with handle pattern formation.. Like if you agree!

GoranTrader

ALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.

GoranTrader

VSTM has been trending up for quite some time now. We can see a beautiful ascending triangle has formed and two tops have been made. VSTM has recently beaten earnings however, it only has a zacks rank of 3 (hold) so I wont be holding this for too long. The MACD is also trending downwards but it can reverse if it continues the move to the upside. Volume has also...

GoranTrader Updated 

GME broke out of a beautiful symmetrical triangle. I can buy on the break above the upper supply area. However, it has recently been downgraded to a zacks rank of 4 (sell). There is however a possibility of a buy out which would result in significant move to the upside. Also, zacks analysts do not expect GME to meet earnings estimates which is not too far away. I...

GoranTrader

ALDR was recently upgraded by zacks to a rank of 2 (buy). ALDR is in the healthcare sector which has been doing well over the past 6 months. It is currently making a nice move up with higher highs and higher lows ( Ascending triangle). There may be a couple more days of consolidation so I will wait for a bullish confirmation with some strong volume to support the...

GoranTrader

ECHO has a zacks rank of 1 (strong buy). It pulled back to the 61.8 Fibonacci retracement level on the wick of a bullish candle. It is also consolidating around this price level. it has also closed above the 20sma.There is definitely some historical resistance overhead, however, I believe it can break above this level due to the fact that earnings have been doing...

GoranTrader

I bought this on today's close. This stock is in nice uptrend and recently experienced a nice pullback to the 50% Fibonacci retracement level. It is also consolidating very nicely at this level. There was also a nice increase in volume today to support the move. I could have waited for a bullish conformation but all other factors are good so I entered early for a...