charlie12

charlie12 Updated 

I am definitely not going to bet against this market yet, but it is important to step back from the run and the buzz and be aware. The markets may just have healthy consolidation coming. But on the other hand, when prices are this high it doesn't take a disaster for it to pick up speed to the downside. It is impossible to predict accurately with the information we...

charlie12 Updated 

I really like this company so I am a little biased. I usually wouldn't add to a long term hold off of a dump, but you know, stuff happens. Assuming this plays out right, I will probably sell 3/4 of my position at the top of the bounce and keep the rest as a long term hold. Once this name loses momentum it moves really slow which is why I'm playing it this way, lol...

charlie12 Updated 

This is a really cool chart. It still needs to play out some, but I am excited about this one.

charlie12 Updated 

I am very Bullish long term on the Canadian MJ sector. I like the odds of a nice buying opportunity in the next couple weeks or so.

charlie12 Updated 

We had a false breakout on the continuation cycle, but there is still a possible triangle pattern.

charlie12

I was hoping TSLA would beat the Bear signals, I had my reasons to be optimistic; but it's not looking good for the Bulls in the short term. But I'll take it, a close below support should provide good momentum to the downside. Hang on tight it's going to be interesting.

charlie12

Well it is late and this probably isn't my clearest chart, but I think you'll get the point. Tan has responded well to patterns and support/resistance lines, so I am watching to see if the signs of a pullback play out. If it loses support then it should have room to move to the downside. There may be a few good plays that develop from this, but if it becomes...

charlie12

This is why we wait for patterns to confirm before jumping in. This is an awesome example of the momentum created when patterns break. Happy trading, Charles

charlie12

TSLA seems to be flagging on the hourly. Looking for a break above the 200 hour MA.

charlie12

TSLA is pulling out of a potential Bear flag after the loss of major support, but it's not out of the woods yet. TSLA has regained the 8ema and is back into the upper section of the BB bands. Look for a close above the 200 ma (will be around 323.50) for a Long entry, or a loss of the uptrend line. If the MACD crosses the baseline and TSLA regains the 200ma; I...

charlie12

Beautiful continuation cycle on WEED daily. The pattern favors a bull break, but there will be good momentum whichever way it breaks.

charlie12 Updated 

Should be some clear trades on TWTR. I'm going to trade the potential channel; the break of support or resistance. I hold a lot of swing trades but TWTR will be day trades. It will be important to use the lower time frames to get the entry and exit.

charlie12

I know most people are leaning bearish on gold, and for good reason.But I'm not convinced yet. It will be interesting to see if the price gets wedged over heavy resistance by the uptrend line, or fall through. Whichever way it goes there should be some good momentum and trading opportunities.

charlie12

Looks like a healthy continuation pattern. Watch for the break of the downtrend resistance line for a breakout, or break of support which will likely indicate the pattern has failed.

charlie12 Updated 

One flag, two flag, red flag, blue flag

charlie12

I like LOW. Expecting a nice move if it can break resistance at 72.72.

charlie12

One flag, two flag, red flag, blue flag

charlie12

I believe a big move is coming. I'm leaning bullish, but if we lose major support around 57.80 this will be a short play. It's important to be conservative. Wait for the break of resistance, or break of support.