jon.lee.317

jon.lee.317

This looks like a nice strong move recently. breaking the downtrend. Lower volume today with a hanging man pattern. So, it could pullback. I am planning to buy after a pullback at the green line $66.8! Another possible support line could be the blue 50 day sma. Also note the green line (20day sma) is about to cross over the 50day sma which is considered...

jon.lee.317

I have initiated a LONG position at $49.2 Obviously this looks like a stock in a trading range between $48 and $57. So right now you have a potential $1-$2 risk with about $7-$8 gain. Also note that recently the support at $48 looks to be confirmed. A more conservative target would be $52. Since this is likely the highest resistance zone with the highest...

jon.lee.317

We see two high volume red bars. looks to be at a support zone and could bounce for the next few days. If the bounce is low volume then we can short at 26.2 with a stop over 26.35

jon.lee.317

I think if the stock starts up tomorrow. Perhaps, we can buy and target the top channel. We can also look for a break over the top channel for a break out play. We should also be careful that earnings is coming up.

jon.lee.317

Waiting for SNE to pullback to the lower channel to go long!

jon.lee.317

Looking at like good support at $18. Currently at $18.8. Hopefully stock will pullback and buy @ 18

jon.lee.317

This might be an interesting swing play. Normally, I might think of shorting this. However I see very strong support at this $60 zone. Also note the similarities between this current situation and november 2013 perhaps we might have another rally up to $88. If this $58-$60 point breaks. then it's a SHORT situation for sure.

jon.lee.317

Let's see how tomorrow looks ... Resistance should be around this $59 zone. We see that both Monday AND today the volume has decreased, while stock price has gone up. If the buy volume decreases yet again tomorrow upon entering the $59 zone. I think a possible short is in play. Again the target can be GAP close area which could be about $55.

jon.lee.317

SEems like good support around this $529 area and also this $521 zone Otherwise I think $500 is the good place to buy or cover shorts Perhaps the high volume with long candle today might provide some strength to break supports. Not to mention it looks like the diagonal support line is broken. I guess this might depend where the stock might head on monday. If...

jon.lee.317

Looks like good support at $53.61 A good place to go long and/or cover shorts. :)

jon.lee.317

possible descending triangle pattern. perhaps long tomorrow and target resistance line. possible stop placement below today's (2014.04.03) LOD.

jon.lee.317

Here we see possible good support in regions 58-59 and also 54-55 (when the gap closes) Could be a nice day trade short tomorrow and hopefully target the place when the gap closes!

jon.lee.317

The stock is in a uptrend so shorting this will be a high risk trade. However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size. This is a possible hint that buy interest @ higher prices is weakening. Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now...

jon.lee.317

The current stock is in a downtrend, but being so far from the 8ma, it may revert to mean soon. So, it could be due for a dead cat. However, it faces some resistance around $64.41 and $66.7 If the stock is still getting pushed down tomorrow, then $61 and of course $58.7 are good support points.

jon.lee.317

The recent trend on daily is clearly down. Both 8 and 21 EMA are negative. Therefore, playing a short position is probably safer. However, the stock may be due for a deadcat bounce. Possible counter-trend play. But looking @ the daily price and volume action, we see that yesterday we have a long candle with high volume. Today we have a shorter candle yet,...

jon.lee.317

Ascending triangle. Breakout point is around $70