I describe trading candidates and possible action for selected, low-risk trade ideas to review.
You certainly don’t see patterns like this every day! Lesser-known stock DS Health Care (DSKX) just jumped to the top of one of my stock scan lists and I wanted to highlight the sweeping “Parabolic Arc” which is one of my favorite broader price patterns. Here’s the “Pure Arc” – we’ll delve into specifics on…
When we last left Crude Oil in our updates, it was trading down into a known support level and we were planning for a support-bounce or else support-break outcome that would set up our next trade. With Crude Oil indeed bouncing off our support level, let’s step inside the price action to study a perfect…
How do you identify and avoid a Failed Breakout or getting caught in a Bull Trap? Akamai Technologies (AKAM) – a strongly trending stock – offers a key lesson in this important topic. Be sure to study Part 1 of the “Lessons We Can Learn from the Breakouts in AKAM.” Failed breakouts or traps scare…
Not only is Akamai Technologies (AKAM) triggering another successful breakout trade right now, but we can step inside the history of repeated breakouts and learn a real-world trading lesson from this stock from prior outcomes. Let’s start with the Weekly Chart, highlight the breakout, and focus on what this stock can teach us now: I…
Netflix (NFLX) broke powerfully higher overnight on earnings, continuing a multi-year uptrend and confirming the concept of “what is strong tends to get stronger.” Let’s view the Monthly, Weekly, and now Daily Chart to highlight where price has come and where it might be going now. As a bonus, we’ll step inside today’s intraday action…
One of my favorite breakout trading patterns is the Triangle, and GoPro (GPRO) just gave us three back-to-back-to-back intraday examples of this set-up. Let’s take a look at these patterns and learn specifically how to recognize and trade this pattern. Let’s focus on the three highlighted triangle patterns step-by-step. First, a Triangle develops when price…
Electronic Arts (EA) surprised to the upside yesterday on earnings but failed to impress traders with tepid future guidance and we’re seeing a sharp gap-down and sell-off from the recent highs. Let’s take a look at this strong trending stock, note two prior ‘pullback’ scenarios, and chart the probabilities of what to plan now. Here’s…
Last week I highlighted a “Tracking a Reversal and Breakout Opportunity for 3D Systems DDD” and this week, I wanted to provide an update as price moves through the Open Air pocket as expected toward the likely target. We’ll start with a quick recap of the Daily Chart and end with the Hourly Chart breakout…
A potential breakout buy (and short-term trend reversal) signal is developing in 3D Printing Stock 3D Systems (DDD). Let’s start with the Weekly Chart and focus our attention on the key price levels (and targets) to watch. The Weekly Chart shows a strong uptrend from 2012 until the January 2014 peak and sharp retracement back…
Traders are often drawn to reversal patterns, and Lululemon (LULU) gives us a textbook lesson in how to recognize and then trade reversal patterns as they develop. Let’s take a look at this large Distribution Top pattern and learn the lessons we can apply to similar situations in the future. Large scale price moves (the…