News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
V potential 120 target from measured bull move. Safest buy is to wait for a break up out of the descending, corrective channel (for me, that is a sign to add to existing position):
BP broke down out of the large wedge. (just in time as I am LOADED with puts):
BP could end up at 35, target of this wedge IF it ever breaks down:
AEZS high volume breakout from previous cup chart - target 2.35:
AEZS - very bullish cup here:
lucky bastard lol
you know .. somebody's gotta buy'em if we want it to move up 
ICO
C calls again today:
lol.. I thought that's what you meant.. And I had like 4 posts in a row that I talked serious. Can't ruin my rep of being an idiot..
BP - too crazy to think short in this political environment? Chart says still a great risk / reward move to be on that short side:
HSY breaking out on multiple fronts...
First up out of the continuation rectangle (blue lines) with a target at 58:
Long term cup and handle (green line) with a target at 75:
AEZS took a bit of a dump today. I am still in and holding (looking to add, actually). Basically, as long as this holds above the previous corrective channel in this measured bull move, then the measured move to the 2.00s is still valid and likely:
Also, price held on the top (support) side of this horizontal support / resistance line so far, a good sign not to bail yet:
NANO break out on expanding volume - target from this triangle is right at the upper red channel resistance ~20.50. This one could be a sell / time to take profits there (had it since 16) - it will be at several time frame, converging channel resistance there. Regardless - I have taken some in for capital protection and will hold the rest through earnings tomorrow.
LUV - as I mentioned on the second chart in the previous post (this post replies to), price has moved up to revisit the head and shoulders neckline breakout, this is very common head and shoulders break behavior:
Here is a short term look. The blue line is that same neckline. I am adding here because of this resistance area, because of the head and shoulders, and because of this short term rising channel resistance closely co-existing with the neckline resistance. Mental stop on this short en-total is ~13 as that would invalidate the head and shoulders completely.
BP intraday detail, out of rising channel with a potential rounding top - footprints that say stay in the short as it works down to the longer term wedge support line and ultimate break down from there (shown in previous post this replies to):
AEZS chart of entry:
BTW on LUV and targets, look at the post this replies to for the 11.50 target and look on this short term where it hit that target.... targets are important and specific sign posts that are not arbitrary:
LUV another beautiful short. Coming down exactly as described in the previous post. Hit the 11.50 target. Still holding the short positions, not adding to them here, but fully expect a visit to the support line on this double top. Smaller head and shoulders has broken down with target right at that bottom red support line. Once the double top breaks that support, target could become 6.50:
Short term, this looks like a potential measured bear move forming, but it is very early and more corrective uptrend will come first. Also it is very common for price to revisit and even move up through head and shoulders necklines before ultimately coming to target (the large blue line here is the head and shoulders neckline shown in the above longer chart). This is why I will hold, but not add yet. Adding will come on a break of this small uptrend (that I expect to become a bit longer):
SMPP ticking right up to its .0008 target and likely .0009 resis. off the bottom rectangle:
|
Followers
|
5
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
104
|
|
Created
|
01/08/11
|
Type
|
Free
|
| Moderators | |||
