akillam1

akillam1

This is just a short piece to explain the potential power of using MACD for trading/investing.

akillam1

HEAR has consolidated on this run down. It is having trouble breaking forward for more. I'm looking at purchasing puts near the downtrend resistance and riding this back down to 16-18.

akillam1

ANDV has been having a little consolidation pullback, but getting strong support at 150. Huge volume poured in with the doji on Friday's trading day. The 50 SMA has caught up to the current price. We should see this start running back up to test 160. Tomorrow's trading day will let us know if bottom has been found. I'll be looking to buy calls around 152 with a SL...

akillam1

KORS has been on an uptrend since June. It is following a pattern of a break out then consolidation side ways, dip down then spiking back up from June to August. This is currently in a bull flag pattern with a breakout after breaking 74. If 72 cracks this will potentially get bearish fast. I would look for an entry on calls between 72.50 and 73.00 to test the...

akillam1

EIX had a major gap down from 80 all the way down to 60 where it's trying to make its next run up. There is currently resistance at 70 and uptrend support at 67.50. 9 and 21 EMA at both about 68. Looking for dip buy opportunity at 68ish, looking for the break out at 70. MACD is about to confirm bullish cross on daily. This looks like a slight cup and handle break...

akillam1

M has ran from 18.00 to 42.00 in the past year and now consolidating in a descending triangle back at support at 35. Price currently sitting at uptrend support with downward momentum. Looking for put entry around 36 with hope of the descending triangle crack after 35. This should force a drop down to 32 if not lower. If this breaks back above 36, hold off. MACD is...

akillam1

MRO had a run up from 14.50 all the way to 22.00 from March to May 2018. Since it has been consolidating between 20-22. This has formed a longer term potential bull flag. Strong resistance at 22, and moderate support at 20. Try to catch one last dip from 21-21.50 with hopes of the bull flag break out. If this doesn't pull back to 21.00 then we can look at playing...

akillam1

INTC has been in a bear market for the past 3 months. They have been struggling with their fabrication of the smaller node sizes. This is something that most chip companies are experiencing as Moore's Law approaches the end. This has given AMD a chance to steal market share from the giant INTC. Intel will continue to struggle until they show positive results of...

akillam1

AAOI is an interesting play opportunity. I will have to watch this one closely, because the short term chart looks like it has potential to go either way. This has been in a bearish market for the past year. This had a strong 3 day drop from around 42 to 32. It has consolidated between 30-34 for the past couple weeks after this drop. The last trading day formed a...

akillam1

GWPH has been pulling back since 165. It is trying to reverse and come back up. The MACD is about to get a very strong bullish cross on the 4 hr chart. Trend support is at 139.50 and down trend resistance is sitting around 145. This has a lot of potential to run back above 150 and retest 52 week high for a longer term swing. I will be looking for an entry in the...

akillam1

ITRI has consolidated really well between 66-67 for the past 2 weeks after running up from a dip at 56. This looks like it is ready to break out to the next level. I will be looking for a dip early Monday at 66.25 before this breaks 67. 66.75-67 will be the area that needs to break for the next run up towards 70. The MACD should get a strong bullish cross after...

akillam1

MPWR has been on a long steady up trend for years now. It hit some major resistance at 150 and fell below the 50 DMA. We need to be careful with this one since we are fighting against the long term up trend. I'm looking at entering puts around 140 with a SL at around 146-148. This could easily regain momentum and go back up, but offers plenty of space to fall back...

akillam1

This has plenty of bullish indicators as this is riding a strong uptrend; such as the hammer candlestick following the doji, the golden cross, and the 1,2,3 pullback. The strong up trend support is at 27.40, but thanks to a great Friday this looks to be continuing on a steeper uptrend. This may deal with some resistance testing the 52 week high at 29.50-30.00, but...

akillam1 Updated 

I might have been off entry by one day here now that I look at the chart. It looks like it will need one more consolidation day. I would really like to see 89.90 hold, but I will hold until 88-89 because signals would still look bullish until 89 crack. 89 crack would try to catch bottom at 88 where it may consolidate for a move back up. If we hold 90 or bounce off...

akillam1

Entered on the potential buy MACD signal with the integration of the resistance breakout. Thanks to breaking another resistance level today, another good buy signal is approaching with the MACD cross above 0 line. But note where the MACD had resistance drawn with the green horizontal arrow before the major breakout that TWTR had. Therefore, we expect some sort of...

akillam1 Updated 

SKX has done really well since the huge gap down on last ER. I have scalped puts on SKX for 50% and 75% profit respectively. But I think I think it is time for some calls. Once 30 breaks, the MACD should cross bullish above 0. That's one of the strongest long buy signals. The downtrend will offically be broken. Also, 30 has acted as resistance in this previous run...

akillam1

Buying puts at crack of 22.20 Looking for 22 or 21.80 to cover. Strong bearish divergence

akillam1

IQ has almost broken down trend resistance. It appeared to have broken after most recent run up, but has hit 30.00 resistance. If 30.00 resistance doesn't break soon, this will continue on the down trend back to 25.00. I will look for the short entry at the crack of 28.00. This will also confirm a failed bullish crossover on the MACD. If the 30 resistance breaks,...