VIP Long: (Communication Services Sector Telecom Services) VIP has drawn a rounded bottom breakout starting about early June and has walked along the 50-day simple moving average and yesterday posted a bull kicker-type candle pattern. This candle pattern should attract more buyers to help drive price toward the 200-day simple moving average which is approximately 16% away.
IMOS Long: (Technology Sector Semiconductor Equipment and Materials) IMOS recently went through a trend reboot and has now pulled back, and price has bounced off the 50-day moving average. You can see the hammer and Bullish Engulf from last week with follow-through and yesterday closing over the T-Line and the 20-day period moving average. I’m looking for 7% to 15% and possibly on to the $30 range. With a target price of about $4.75 or about 50%, this makes IMOS a chart worth looking at. IMOS has been forming a bottom from mid-May and has made a double bottom with a small Bullish Engulf followed by a gap and strong bullish candle yesterday that engulfs the big three with a rounded bottom breakout.
Trading volatility; an investing method typically employed in stock option trading, measures the risk of an option over time. In theory, the chances of an instrument’s price being further out from the current price increases over time. Thus, the volatility must be taken into account when selecting an option trade.
CSUN Long: (Technology Sector Solar) With a target price of about $4.75 or about 50%, this makes CSUN a chart worth looking at. CSUN has been forming a bottom from mid-May and has made a double bottom. With a small Bullish Engulf followed by a gap and strong bullish candle yesterday that engulfs the big three and a rounded bottom breakout is why this is a featured trade idea today.
EXTR Long: (Technology Sector Communication Equipment) EXTR closed Friday with a Bullish Candlestick Morning Star pattern. Also, Friday’s candle engulfed the big three and closed over the T-Line, not to mention it’s also one of our rounded bottom breakout strategy plays with about 29% to the 200-day simple moving average.
My entry plan idea: To start a position below $4.38 and above $4.20
My stop plan: $4.14
Long: BLDP (Industrial sector diversified Industrials) BLDP has formed a double bottom Bullish Engulf with follow-through off of the 50 SMA closing yesterday above the T-Line and the 20 SMA. If you look at the daily chart, you should be able to see the stair-step to profits starting in mid-May, and I see the possibility of a 30% to 40% move in BLDP.
My entry plan idea: (Currently already own) A buy or an add-to under $4.50 and over $4.05 would get you in the coil of BLDP.
DANG Long: (Consumer Cyclical Sector Specialty Retail) DANG has formed a double bottom on the 50 SMA and 200 SMA, closing yesterday with a Bullish Engulf after a multiple-bar pullback. With bullish follow-through and fairly decent market conditions, I’m looking for a 15% to 25% target.
AAPL Long: (Technology Sector Consumer Electronics) Yesterday AAPL broke out of the recent high forming a bullish J-Hook pattern or a continuation pattern. On June 25 a Doji was formed followed by a classic bullish rally, three days last week walking or consolidating to the right, and then yesterday gapping and closing bullishly forming the J-Hook pattern or the continuation pattern. Remember that targets are just merely a direction. Be a profit trader and monitor APPL on the way to $100.00 then $104.00 and possibly higher reevaluating along the way.
TSEM Long: (Technology Sector Semiconductors) TSEM over the past couple of weeks has painted a double bottom followed by the bulls being in charge with a morning star-type candle pattern followed by a doji and then a gap up, closing above the T-Line and the 20-day simple moving average last week. The weekly 200-day simple moving average is approximately 20% away, and that’s about what I see as the next target
ZGNX Long: (Healthcare sector – Drug Manufacturer) ZGNX produced a Bullish Kicker Signal yesterday closing the 50-day simple moving average creating a Hit-And-Run Candlestick Rounded Bottom Breakout. With 25% from yesterday’s close to the 200 sma and about 40% to the 200 sma on PBO entry near the 50sma.
