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Ponderings on VIX
So I have been watching this one for a while trying to find patterns following the channel break on june 9th. VIX saw 4 patterned tops and a failed pennant on aug 11, falling into a test of the new channel bottom @ 12.0
Projections: Consolidation at 12.30, then upside into resume pattern tops.
SHLD
Projection: Consolidate along 35 pre-earnings, run to 37.5/40
3 month shows trend down, broke channel line to 35 supp. 1 year shows significant support on 35 level.
ER expected thursday.
Paper buy, SHLD Calls 35 strike.
TA
3 month
1 Year
GLGT Looks to be forming an ascending triangle continuation pattern. Very possible we could see a strong week
$NXTTF MACD goes positive, RSI and FullSTO both go over 50, close above MA10 and MA20, less than 60K volume. They announced a new MMJ Lab subsidiary today around lunch time. Their big show in Vancouver is tomorrow. Should get more volume than today.
DSCR gaining strength after a MA100 test last week. The RSI is making an agressive move toward bullish territory, testing RSI trendline. MACD starting to turn but has a way to go. Full & Fast STOs bullish crosses with lots of room for movement.
Close above .32 would be very bullish, should definetly be on your watch list.
Resistances/Exits @ 30, 32, 35, 40, 50
$NXTTF gathering some steam...
ATTBF looks like its ready for a move out of consolidation. Consistently held .89 support, working a channel up to 125. Last 2 days have closed above MA7, with MA10, MA20, MA50 converging and mid BB tightening up. If the April 11th mystery HOD wasn't factored in, the BB would be pinching together even more. RSI and STOs trending toward bullish territory, and a considerable bullish tick on the Fast STO. MACD converging, indicating consolidation is tightening up for action.
All in all, not a great chart, but it has some signs of turning. Best of luck
CWIR Chart & TA
CWIR has met the basic requirements for two chart patterns, cup & handle and the flag, both bullish patterns suggesting a strong week for CWIR. Termination of downtrend suggested by Fridays dragonfly doji.
If monday closes above the mid BB, it may confirm a reversal into the rest of the week.
Definition of 'Dragonfly Doji'
A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock's opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand are nearing a balance and that the direction of the trend may be nearing a major turning point.
NXTTF Chart
NXTTF has been riding a 6% channel for the last 6 trading days, and seems to have found a home along the .20 line. With that said this is a relatively quiet stock and has been consolidating for some time.
Of note are the recent bullish moves by the STOs, and the tightening of the BB lines, which will continue to tighten up forcing an eventual move.
On May 7th, NXTFF is hosting its Greenrush conference (http://www.greenrushfinancialconferences.com/s/home.asp) which may concide nicely with the tight trading channel and solid .20 support.
Hey B!
I bought into KEYO last week. I couldn't find any promotions, just lots of message board pumpers, unless that has changed. I'm already up 200% on no news, so it's a little scary at the moment 
DOMK - potential bounce play in the making. Looking for confirmation candles and hold of support. Was wanting it to close a little higher with a long legged doji or spinning top which didn't happen, so the bleeding may not yet be done.
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