Technical Trades
Technical Analysis applied to Stocks and Futures.

It’s in the fuzzy ‘b’ up. Short into the strength here at intraday price resistance $17.72. Risk stop over the high around $18.20. Target a gap fill at $2.41. Reward is 86%. Risk is 2.7%. R/R is 31!

Long $15.60 risking about 4%.
Previous posts yesterday show the charts.
Today’s entry based on a 15min fuzzy C pattern.

Stalk the 4 down completion area to target the 5th. Scrolling charts below. Press your Esc key to stop the scrolling.

Scrolling charts for AAPL

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Further to today’s ELN post, the correctives came for the patient. The C came in at 15.76 and wasn’t supported. The logical play is to buy stop at $15.77 with a stop at $15.00 to target $27.00. Risk 77 cents to make $12.00. r/r is 15.6. Nice.

Impulsive action of late. 71.50 is the band resistance. A close above it will be very bullish and sets up for a great C support long when it corrects. It’ll be double C support. Reaction at the band should be telling.

The previous posted MTEX long setup failed and took the $0.50 or 3% risk. It now sets up short as per below chart. Since doing the chart, price has risen to $16.73, improving the risk to $0.27 or 1.6% to target $5.73 or 34%. R/R is 21. Stop at $17.00.

R/R is […]

MTEX gonna whacked today and presents a nice r/r long setup here with inverted SHS intraday with neckline break. Risk $0.50 to make $9.00. R/R is 18.

She’s a gonna go for 12k it seems.

Intraday buy at the neckline support 9.22 to target $10.44 or 13% and risk 2% stop at $9.02. r/r is 6.6. Target is price resistance on the monthly to coincide with 5th completion area. Stop is under today’s price support low that coincides with inverted head intraday and a potential high 4 […]

ELN…when, when? That’s what many people are wondering. I haven’t commented on it for some time now. It just hasn’t set up well.
Well folks, strap yourselves in because I think it’s just about ready to launch. Intraday it’s getting impulsive, so I’d recommend stalking a fuzzy c and buying […]

Bearish at this stage.

It’s rallying pretty well today. It’s at some daily band resistance here at $2.53, so I’d be looking for a pullback to buy into; perhaps the green or yellow support lines. But lots of bullish triangle break patterns over multiple time frames and multiple angles for STEM. I’d be targeting $4.50, then […]

Thanks to Rob from the MrMarketisHuge forum for the headsup on this one! Good lookin’ TA with good lookin’ FA. What’s not to like?

Revenue chart produced by Rob can be seen HERE.

Since THIS bullish post here’s the price action:

What if you’d bought the open after my post? You’d have needed a 5% stop and you’d have had an option to take +6% today. I’d recommend a stop to even now.

In THIS POST back on August 12 I answered a comment by billyjoe concerning STX on the short side. It was a lengthy reply detailing conditions I’d look before shorting. At that time the stock was on the bullish side of a fuzzy C but the general bias seemed short to me. […]

Of the 30, 19 are bullish patterns, 2 are bearish patterns, and 9 are neutral patterns. So 63% of the Dow 30 are bullish. Only 6.7% are bearish and 30% are neutral.

No-brainer long. Stop on bias under $9.50. Target $15.00 or 5th impulse completion.

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Stalk it long; perhaps after some correctives. A gap support buy at 11.83 is logical. This appears to be a weekly impulse 3 up however. It may not correct that far. 12.25 price support is another good option. Logical targets are an upper channel, 5th impulse completion somewhere near price […]

Easy on the eyes.

Stalk it short. IMCL may seek $14.00, 54% lower than current prices. Daily band support is at $22.70, about 26% lower than current prices. Weekly band support is at $24.50 or roughly 20% lower. Stop on my bias over $34.00. If that happens, then I’d have to rechart it.

Pretty good r/r sets up at these levels for a short.

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Question: Is Hell exothermic (gives off heat) or endothermic […]

Further to THIS POST on Sept 11, which highlighted a great r/r long play around $4.80, AWX has rallied from the get go to $6.44 intraday today. That’s a very nice +34% in a month.
Looks like profit-taking territory today.

Previous chart with setup: