Long: AAPL (Technology Sector Consumer-Electronics) Apple is forming a bullish continuation pattern above the T-Line. The pattern is over the last three trading days with a gap and bullish close on Wednesday of last week followed by an inside day Doji on Thursday and then Friday closing with a little Bullish Engulf. We have targets in the $100 area and higher. AAPL was also a featured trade idea on July 8, 2014.
Long: UCTT (Technology Sector Semiconductor Equipment and Materials) UCTT is a rounded bottom breakout with about 15% to the 200 SMA. UCTT broke through the big three on June 30 and has consolidated and pulled back to the 50 forming a morning star signal/confirmation pattern.
Long: PLUG (Technology Sector Electronic Components) After last week’s gap over the big three and a two-bar pullback finding support on the 20-day simple moving average, 34 EMA and T-Line and then Friday’s Bullish Engulf indicated that the buyers are still involved with PLUG. And with about 30% to our next target, PLUG is our featured trade idea today. Follow the candlesticks, the T-Line, and the 20-day simple moving average.
Long: (No trade Idea today) .
My entry plan idea:
My stop plan:
Good Morning,
Our thoughts and prayers go out to the passengers, families and crew of the Malaysia aircraft that crashed yesterday. Innocent families, so sad and needless.
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.
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.
