Today’s Swing Trade Ideas
UBNT/Long (Communication Equipment) UBNT has formed a double bottom with a Doji Bullish Engulf in early December and a Doji continuation pattern in the last three bars. A close over the 50-day simple moving average yesterday has set up the rounded bottom breakout pattern.
My entry plan idea: Ideally buy above $30.74 and below $32.77 or buy on positive trading above yesterday’s high.
My stop plan idea: On a bearish candlestick signal below 30.74.
Good Morning,
SPY: Yesterday was another day where the SPY closed below the T-Line after attempting a monster one-day rally but gave it all back before the close. I don’t believe the SPY has reached its low; Continue Reading
Today’s Swing Trade Ideas
GMCR/Short (Defensive sector packaged foods) GMCR is forming a dreaded “H” pattern after a lower high failing the 50-day simple moving average. The 20- period moving average has now crossed below the 50-period moving average. I’m looking for GMCR to drop close to another 10%.
My entry plan idea: On an intraday bounce inside yesterday’s candle or on weakness below yesterday’s close but with caution not to chase.
My stop plan idea: $136.80
Good Morning,
SPY: The overall market remains controlled by sellers in the SPY below the 50-day simple moving average yesterday showing no signs of a true bullish reversal and only possibilities of an Continue Reading
Today’s Swing Trade Ideas
CURT/Long (Technology Sector Communication Equipment) CURT Is currently a featured trade idea, thought I would post it again because of the chart formation. The rounded bottom is still intact, the close over the T-Line in the 20 simple moving average are holding nicely. With a 2 bar consolidation still holding in the bar that got our attention and Friday closing with a near-perfect Doji sets this chart up For a Nice Pinball Play
My entry plan idea: Below 1.16 and above 1.07
My stop plan idea: Pinball rules = a close below the T-Line
Good Morning,
SPY: If the SPY manages to put in an oversold bounce today because it got there a little too quickly, it is possible we do see an oversold bounce. The end-of-the-day close is what counts, and the end-of-the-day Continue Reading
