Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

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

Continue Reading

Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

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

Continue Reading

Today’s Trade Idea

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.

Continue Reading

Today’s Trade Idea

CERS Long: (Healthcare sector – biotechnology) CERS Has been forming a base from early may and has attempted to breakout over the big 3 two other times. Recently CERS has painted a double bottom with a piercing candle and follow through that closed over the big three yesterday, and with 32% to the 200 day simple moving average, and what could be the completion of a cup I think CERS is worth considering.

Continue Reading