lestad

lestad

even tough the trend for VZ may seem to be down, we may see a bounce from YS1 for a possible target of 52.20 to 53.10 area.

lestad

the united states steel corp (X), may be in a down channel, but I have a long bias, if the stock reaches YP or 29.60 area, and bounces from there to break the channel to the upside. the possible target would then be 52.50. In the watchlist...

lestad

SWN may be bouncing near the YS1 area of 8.20 if the breakout is real, 1st target would be 11.70

lestad

CHK might be forming a base around the YP of 6.30 area. a breakout may provide a target of 8.10 then 11.00

lestad

GE might be forming a base around the ys1 area of 29. a double/triple bottom might be in place. looking for an upside action to get long.

lestad Updated 

PM (philip morris) seems to be in a down trend. the current 93 area, seems to be a resistance area. a break above this area will target the 96 area, but my bias here is on the short side. I believe this may be a good r/r point to enter a short trade with a possible target of 88 area.

lestad Updated 

Although I'm already long this stock, it might be a good place to enter more long positions in here. the GS is in a long term up trend, and may find resistance in 235 area. a break below the 235.5 would target the 217 area. while a break above the 247 area would target the 295 area.

lestad Updated 

being long the abt from 38.5 calls, which is the yearly pivot I expected resistance from the YP and a move upwards, which seems to be taking place. target is 42 area. 1.10.17 (m/d/y) high was 41.62!!

lestad Updated 

I'm long the amazon calls (February), which is in good profit. this was a clean breakout, and the possible target of 983 area is still in place. if you'd be trading this from the stock himself, a stop loss of 759-760 would be smart, with a take profit 980-983 area. do not forget that these kind of patterns may re-test the neckline. so a pullback to 780 area,...

lestad Updated 

I'm long the appl with 119 February calls. I think this is a clean breakout and that the possible target is 130 area. if you'll be trading the stock himself, a buy on 01.09.17 or a buy at the re-test on 01.17.17 with a possible stop loss of 116 area would be a smart idea. also if you followthat path, you can move your stops a little bit to 117 area now.

lestad Updated 

I'm long the 31 February calls of GE, I do have the positive expectancy that the stock will bounce from the Yearly Pivot of 31 area, and move 35 area. we'll see in the upcoming days if the 31 pivot point will hold and an upside breakout will occur. anybody following this idea, should place stops on the 30-31 area.

lestad Updated 

I'm long the 20jan 45 calls of shopify, and already in profit. this stock seems to be a clean and clear breakout and possible profit target is 57 area. if you'd be long on the 01.06.17 (m/d/y) you should have put your stop loss around 44 area, and if you 'd still be holding your position it would be ok to move your stop to 45-46 area now.

lestad

LOOKING AT THE DAILY GRAPH OF WHEAT, WE SEE A POSITIVE DIVERGENCE AND A POSSIBLE LONG POSITION CAN BE TRIED FROM 550 (SUPPORT) AREA WITH A T/P AT 578 AREA. TRIX BEING TOO LOW CAN BE AN ADDITIONAL CONFIDENCE FOR THIS POSITION. S/L SHOULD BE AREOUND 545 AREA.

lestad

BASED ON THE OUTLOOK OF 4 HOUR GRAPH AND THEN LOOKING AT THE 15 MIN GRAPH A POSSIBLE LONG POSITION CAN BE TAKEN INTO ACCOUNT FOR EUR/USD FROM 1.3465-1.3470 AREA WITH A T/P AT 1.3500. THE PAIR SHOW A REALLY LOW ON 4 HOUR RSI AND A POSITIVE RSI DIVERGENCE ON THE 15 MIN CHART. S/L SHOULD BE AROUND 1.3448 AREA.

lestad

FOR THOSE LOOKING IN THE SHORT TIME FRAMES, GBY/JPY CAN BE A POSSIBLE CANDIDATE FOR A LONG POSITION WITH A LONG ENTRY FROM 167.47-167.50 AREA WITH A T/P OF 168,35 OR 169.00 AND A S/L OF 167.30.

lestad

IN THE SHORT TERM GRAPH THE DAX (GER30) INDEX SHOWS A POSITIVE RSI DIVERGENCE AND WE MAY SEE A BOUNCE TO THE UPSIDE EARLY THIS WEEK. THE ONES LOOKING FOR AN LONG OPPORTUNITY MAY LOOK FOR A BREAK OF UPPER TRENDLINE BREAK FOR A LONG ENTRY.

lestad

I BELIVE THAT USDTRY HAS AN EDGE ON THE SHORT SIDE, AND WE MAY SEE A PULLBACK TO THE 1.28-1,29 AREA NEXT WEEK. IF YOU DECIDE TO TAKE THIS TRADE MAKE SURE TO PUT A STOP ABOVE THE RECENT HIGH OF 1,3450.

lestad

the 1850 area might be the top in SP500 index. the target would be 1790 area, the stop loss would be 1855-1860 area on the daily chart. but to make this trade a goal, the index should first break 1820 area to the downside.