AAPL has formed a good looking double bottom with trend line touch and 2nd attempt to reverse after good looking bull reversal bar. Should work well at least to MA and resistance level around 651 if triggers above 635.5, stop loss is below double bottom support at 622
BP is currently in a bearish channel and the bottom of a channel is likely to be tested in the near future. If triggers below 42.05 - the target is 41.40 with stop loss at 42.35
There was double top at USDCHF and an ascending triangle is forming. Should test the bottom of trading range in the near future. Stop entry at 0.9380 with stop loss at 0.9420 and the target of 0.9310
GOOG is likely to bounce off EMA 20 and at least test the previous high, before any potential reversal. If triggers above 746.7 - the target will be 769.70 with $10 stop loss at 736.7
Expecting a two-legged correction to MA 20 level for GE. It has drawn a nice wedge followed by micro-wedge recently, so correction to at least .382 fib level is a must here. TP at 22.2, SL at 23 (a strong resistance here) if triggers an entry at 22.7
Costco has just formed first deep PB at EMA 20 in a strong bear trend and a nice reversal bar (although a bit doji) at .382 level. If triggers below 100.3 - should go all the way down to 98 area (roughtly .618 fib level) - safe TP is 98.5, stop is at 101.0
Amazon continues its fall. I expect the measured move second leg down from EMA 9 if triggers below EMA 20 (and bear trend nice inside bar we just see). Targeting 245 area (where we are likely to meet some support). Stops are at 258. Risk/reward is around 1:1.64
Intel is not doing good... It's in a strong bearish trend and last couple of attempts to break out of EMA 9 have failed. Latest bear trend bar at EMA is a good signal to get into the trade hoping for the trend to continue (and weekly and monthly charts are not showing any signs of the bear trend stopping either). Stop loss is good at 23.2, target is 21.6, entry...
We can see the second two-legged PB at EMA 20 in a bull trend - a reliable trend continuation pattern (A2). When triggers above 52.70 - should work all the way up with the first target of 54.5. Stop loss is at 51.85, risk:reward for this trade is around 1:2.1
Now AAPL is forming double/tripple bottom around 660.00 support level. Although the trend line has been broken, it is likely that it will either test the recent highs before the actual reversal starts or the trend will resume and we would have to draw a new bull trend line. If triggers at 673.50, then target is 700 and stops are at 660.
Second leg down is expected for oil. If triggers below 22.5 - should go down all the way to 21.5 with stop loss around 23 area.
A2 (two legged PB at EMA) for HPQ. Marked tried to get under EMA twice and failed. Should move up and close the gap at 19.00 if triggers above 18.30
This is the first deep PB after bull breakout from two legged PB at EMA (A2). Although this might turn into reversal back to MA, if the set up triggers above 15.85 resistance, it's likely to close the gap at 15.97-16.00 and move a bit more up towards a strong resistance at 16.35-16.40 level Conservative target is 16.20, stops are at 15.60
This is the first deep pullback in long running bear trend and I am expecting a measured move up within next few months time... Conservative first target should be around 775, while optimistically we should be targeting around $130 of profit here by the start of Q2 2013 (and after Xmas rally)
A classic double top reversal pattern - after trend line break, we tested the top and now we have a good looking bear reversal bar confirmed by a good looking trend bar. I would expect at least two legged move here and testing MA as the first target. Stops around 1.0560 area, first target 1.0430
A classic 3-push wedge set up in BAC after three exhaustion bull bars + a measured move from 6.90 to 8.40 has worked pretty well... If triggers below 9.45 - I would expect at least two legs down to MA. Stops around 9.65, targeting at least 9
DDD is demonstrating a strong bear trend since end of August. Currently, it's in A2 bear set up (two legged move to EMA in a bear trend) with a good-looking reversal bar (although it's bullish, but still a valid set up as it was a second failed attempt to break above 20 EMA). Stops will be around 40.45 area (MA), first target - 36.5 In case if set up triggers...