AAOI seems to be in a strong upward channel. Extrapolating out a good buy point would be after it bounces off the bottom of the channel probably around $52.32 profit goal towards the top of the channel around $63.00 this would be before it hits the top of the channel. Stop loss about 3% below the bottom of the channel at $50.53
Looks to me like a cup with handle pattern with a buy point of $38.27. I managed to buy in right at $38.27 when it moved with high volume. Keeping my stop at $36.73, I would love a 20% move to 46.25 but I'll be happy with just 10%
BLDR looks like it has formed a flapole base. My understanding is that this can be a very bullish pattern. I'm looking for it to go through $15.70 on high volume with $15.70 as the buy point. Stop loss of -3% ($15.24) and a profit of at least $20 hopefully more because this is suppose to be a very bullish pattern .
Be gentle this is my first post, and I was figuring out how to use this tool. I'm also pretty new to stock trading in general. I am attempting to follow the CAN-SLIM methodology.
BABA appears to have all of the CAN-SLIM traits, and appears to have formed a Cup with handle base. The depth of the cup is > 20% so this is a first stage base.
I'm looking for a...
