LONG Setups: (or shorts)
¦QCOR – constructive pullback and a bullish reversal off 34 on Friday, closing near 35 and 20dma, expecting a bounce thru 35 and beyond
¦PCLN – following a bullish reversal on Thursday, traded in a narrow range on Friday and finished back above 800, will be looking for a move higher toward 815-820
¦TSLA – probably the strongest stock out there right now in terms of relative strength, great move out of a bull flag on daily on Friday on big volume, expecting continuation to 105-110
¦UNXL – bullish reversal off 21-22 level, will be looking for continuation to 25 and beyond
¦ACAD – preparing to move out of a flag/handle type pattern, will be looking for a breakout to new highs
¦VMW – came back to retest the 70 level where it has a great deal of support, expecting a bounce through 73 and toward 20/50dmas
¦AEGR – high flag on daily and it appears fairly overbought but could still give another leg higher and a breakout to new highs
¦AMRI – some sloppy action earlier in the month but overall a very bullish chart with a constructive flag over 50dma and 10 level, will be looking for a move over 11.50 and a possible breakout to new highs
¦MPC – very nice cup and handle formation on daily, expecting a move to 85 and beyond
¦SCTY – extremely overbought but still has incredible strength/momentum and tight flag indicating another likely move higher, expecting a move to 55+
¦TA – nice bounce off 50dma on higher volume, looking for continuation toward 12
¦THRX – constructive pullback to 35 with a bullish reversal on Thursday, expecting a bounce through 37.50
¦XONE – bullish bounce of 20dma on Thursday followed by a narrow range consolidation under 45 on Friday, will be looking for a move higher toward 47.50+
¦GNRC – has been a slow and steady mover, but a very constructive and bullish daily chart, looking for a move through 38 and toward 40
¦SFUN – very constructive base and a narrow flag it’s been in for the past several weeks, expecting a range expansion breakout to new highs
