Open Trades2018-08-26T17:16:36+00:00

TSCO | Bull Flag

By |September 11th, 2018|

  ( ) is trading in a Bull Flag pattern and finding support at the 9-ema.  A pullback to the $89.30 level would offer a  low-risk entry if market conditions are favorable. (1).  Waiting for the trend to resume with a break of $90.30 (2) would be a more conservative entry with a target below the upper trendline (3). Update 9/11/18: TSCO broke out this morning, but we are leaving it on the current watchlist because it may still pull back into the buy zone between $90.00-90.30, offering a second chance of entering.  See the updated hourly chart at the bottom of the page.

DFS | Bull Flag

By |September 10th, 2018|

  ( ) is pulling back to the 20-ma in a Bull Flag pattern.  Watch for the trend to resume with an entry of $78.80. Update 9/11/18: DFS broke out of a bull flag pattern today. Watch for a potential pullback and retest of the resistance trendline offering a potential second chance for entry.

DF | DSC Channel

By |September 9th, 2018|

  ( ) has been trading in a channel pattern since August of 2017. Support is between $7.30-7.56. Watch for a confirmation day in the buy zone.  Estimated hold time for this trade is 2–3 months. 

CHK |Pullback

By |September 9th, 2018|

  ( )  has been trading in a descending channel pattern since July of 2018.  Support is between $4.00-4.10.  Watch for a confirmation day in the buy zone.  Estimated hold time for this trade is 1-2 weeks.

GPRO | Falling Wedge

By |September 4th, 2018|

  ( ) is trading in a weekly falling wedge pattern. The 200-ma is providing support on the daily chart.  Watch for price to trade above $6.45.  Estimated hold time for this trade is 1-2 months.  Note: Another scenario on the weekly chart shows price pulling back to the center trendline first which would negate the original trade. 

P | ST Base

By |August 27th, 2018|

  ( ) is trading in a short-term base.  Watch for the uptrend to resume with an entry of $8.25.  Estimated hold time for this trade is 3-6 weeks. 

SIRI | Trendline

By |August 22nd, 2018|

  ( ) is pulling back to trendline support.  Watch for the uptrend to resume with an entry of $7.07.  Estimated hold time for this trade is 1–3 weeks. 

TXMD | ASC Channel

By |August 16th, 2018|

  ( ) has been trading in a channel pattern since April of 2017. Support is between $5.20-5.45. Watch for a confirmation day in the buy zone.  Estimated hold time for this trade is 2–3 months.

Open Trades

September 25, 2018

TSCO | Bull Flag

By |September 11th, 2018|Categories: Current Watchlist, Open Trades|

  ( ) is trading in a Bull Flag pattern and finding support at the 9-ema.  A pullback to the $89.30 level would offer a  low-risk entry if market conditions are favorable. (1).  Waiting for the trend to resume with a break of $90.30 (2) would be a more conservative entry with a target below the upper trendline (3). Update 9/11/18: TSCO broke out this morning, but we are leaving it on the current watchlist because it may still pull back into the buy zone between $90.00-90.30, offering a second chance of entering.  See the updated hourly chart at the bottom of the page.

DFS | Bull Flag

By |September 10th, 2018|Categories: Current Watchlist, Open Trades|

  ( ) is pulling back to the 20-ma in a Bull Flag pattern.  Watch for the trend to resume with an entry of $78.80. Update 9/11/18: DFS broke out of a bull flag pattern today. Watch for a potential pullback and retest of the resistance trendline offering a potential second chance for entry.

DF | DSC Channel

By |September 9th, 2018|Categories: Open Trades, Under $10|

  ( ) has been trading in a channel pattern since August of 2017. Support is between $7.30-7.56. Watch for a confirmation day in the buy zone.  Estimated hold time for this trade is 2–3 months. 

CHK |Pullback

By |September 9th, 2018|Categories: Open Trades|

  ( )  has been trading in a descending channel pattern since July of 2018.  Support is between $4.00-4.10.  Watch for a confirmation day in the buy zone.  Estimated hold time for this trade is 1-2 weeks.

GPRO | Falling Wedge

By |September 4th, 2018|Categories: Open Trades, Under $10|

  ( ) is trading in a weekly falling wedge pattern. The 200-ma is providing support on the daily chart.  Watch for price to trade above $6.45.  Estimated hold time for this trade is 1-2 months.  Note: Another scenario on the weekly chart shows price pulling back to the center trendline first which would negate the original trade.