PIR has tested the resistance line for 2 sessions and couldn't push through. This is a good short opportunity with a target around 23. Happy trading.
AMD has been following a downward trading range most of the day but it finally ended around 2:00 (14:00). The new trend is slightly upward and hopefully we will get a breakout before the day ends. I guess we will see soon enough. Happy trading.
The fund has been consolidating since mid-may, but now it broke out of a short-term resistance. I would wait for 1 more bullish sign before getting in, like a close above 166 with good volume for instance. Also interesting to note is that it re-entered an ultra long-term trading range from the weekly chart. If this new support line doesn't hold expect the bulls to...
Here is an overview of what FB has done over its life. It has formed a near perfect symetrical triangle and currently is near the upper resistance area. There was a strong support/resistance point around 25.15 and it just broke out of its short-term trading range which also ended above the 25.15 resistance line. I feel like something BIG is about to happen. Happy trading.
Disney has been going up for many years now. It started consolidating in the middle of may and formed a quazi pendant pattern. It just broke out of its upper resistance zone and considering the overall long term trend up I would open a position and buy DIS. Support is around 64 with a price target of 74. Happy trading.
What more do I have to say. Wait for breakout of the triangle zone and go with it. Happy trading.
It looks like the long uptrend of the DOW has come to a major stop. It may stabilize between 14600 and 15340 but it may take back a substantial amount of its gains possibly down to 13682. If it gets closer to the 15340 mark I would go short on this market. I would currently limit my losses and move my investments into more stable markets. If resistance is broke...
Harley has had a nice run the last 6 trading days but it looks like it may have ran out of gas. It is on an old resistance line, just under a possible new resistance line and formed a bearish engulfing pattern. I'd say it's a good time to short it with a potential target of near 50.
HD has been trending down for over a month and has been settling in a nice trading range. I would like it to go a little higher to minimize risk but it still may be a good time to start a short position. I could see a move up towards 80 but I think the move down is going to be much more aggressive with a target of near 70. There is a short term support but I...
VZ just formed a nice flag pattern and if it breaks out of it; I would expect a price target somewhere around 60. I would wait for a strong breakout signal above the upper flag line before purchasing. Happy trading.
KIRK has had a great run gaining over 50% in just a few months. It is finally showing signs of weakness and could very well be ready to give back some of the profits. The great thing about this stock is the limit of risk. If it closes above 17.50 I would cut my losses. The potential move down could be substantial but I would say 5% would be a nice return if it...
SIRI has been following a downtrend since the end of May. It has again reached the short-term resistance line and is a good time to open a short position. There is no use fighting this trend without a significant breaking of this resistance line. I expect a withdrawal from this point within a few days and a return of 5-10%.