Stop at weekly RE open yields a 2.5R+.. nice earnings support below
Sell stop under RE bar's low with 1 ATR stop from entrance could yield a 2R short.
AMAT has hit a major LVN, as well as a major pitchfork upper outer band. With the Weekly TAM uptrend price projection being exceeded and expiring in 2 weeks, a sell-stop under the recent pivot low (20.65) with a target of 17.81 could produce a nice short play.
4 days to reach 125.00.. Coinciding with anticipated S&P downside
There's a 12 day upside mode expiring with a failure to reach the target and a highest low has been broken right below a key low volume node resistance level. Throughout this upside leg that began February 11th, there has not been a single legitimate upside range expansion bar that has confirmed itself, with momentum dying out throughout the entire leg (using a...
May have missed the boat on this one if Monday gaps down, a stagnant open would be a blessing. Price hit the monthly mode projection (blue box) and the weekly mode projection (purple box), in half of their respective time projections. Friday's huge selloff actually closed below the earnings level that was reported, with the recent top taking the form of a wedge...
Will enter 1 ATR from the weekly mode on a rally to Friday's midpoint (if we are even offered that), earnings line resistance/weekly mode immediately above with a 13 day mode expiring as well.
Chart expresses thesis visually, no trade setups in either instrument for me.
Both the 19 week and 16 day mode projections sync in time/price. Friday's close is a sell signal, but if no range expansion in the next bar I would be weary.
Nice short here. Entry: 74.11 Target: 68.03 Stop: 76.29 3 reasons: 1. Range expansion from a 15 week mode 2. Downtrend in RgMov 3. Weekly range expansion buy has now been terminated GL!
Taking this 5R long here for 3 primary reasons: 1. Net exposure is to the downside, this looks like a nice counterbalance with oil in the dumps 2. Active weekly RE Buy after a RE from the 15W mode 3. Price has pulled back to a key earnings level, with another one $1.50 below it, which should act as a level where strong buying pressure will arrive. GL!