HCA is giving us some simple stops and profit taking levels. We're nearing a resistance at ~145, which is followed by another at 147. Giving us a clear line to short with an easy stop to place. Coming down, we have 3 major support levels we have to pass/hit. The POC, 119 and lastly 116. A potential play would be shorting until the POC, exiting and securing...
Equilibrium underway on EWZ. POC currently set on support. Will be watching for a push past POC, 50 EMA and 200 SMA to the top of the EQ. If price can do so, i will reevaluate volume profile once closer to resistance and watch for the inevitable break to either side. If price cannot push past, we may break bearish and work to 36.66 support.
Simple range play on ITUB, RSI Levels following trend, Volume profile POC suggesting a move to the upper resistance to continue the pattern. Aside from playing the range, I will be watching volume at support/resistance for a breakout. If bearish, i will be watching for a support to form around ~6.58. If bullish, volume profile suggests some resistance could occur at ~9.60.
Looking for a cup and handle play on TWTR , Using a point of control from the volume profile as a theoretical consolidation low for the handle. Will be watching for volume to build towards POC to see if the pattern plays out. Entry near POC with a stop below the cup could be a good risk/reward play.
Watching a solid support develop on the HD Daily. Increasing bullish volume off of near oversold earnings sell off. Bounced nicely off of lower support showing similar RSI levels previously on the same trend line. Volume profile giving hints of little resistance back to the top of channel.
