Major short trigger last Friday on that 49 crack. Will be looking for all pops back into $50/200d to find sellers and roll back over. I don’t usually do this, but I am intimately familiar with this name and if the speculation is correct, my $4/share valuation is GENEROUS. LOL.
If you remember a month or 2 back, this was shared as a short idea, and it’s really behaved nicely since. She struggles every time she pushes back up into the 20d and the 200d. I think now, if she breaks under 38.73, this could have quite a bit more downside.
This was the chart posted a long time ago that got our attention on this as a short candidate.
Typically I prefer names in this section to be sold off quite a bit more, but I really really like this name in general and think this might be a really great buying opp, even for longer-term accounts. Currently the way I will play it is to buy any opening weakness risking under last week’s lows. But if we continue lower, I would love a shot at buying this around...
The setup is there to take this name back to ATHs. Technically needs over 418.44 to confirm the long trigger, but don’t think that’s going to be a problem if the momentum continues.
Will need to see some retests of key levels hold before being interested. First area of interest would be the recent breakout level of $414, but would much prefer a retest of $400/20d.
Technically this setup won’t confirm until over 331.66 (check charts with pre/post-market data to see why), but I like the look here especially when you consider the weekly chart with it. Think it could see 338 quickly and after that ATHs within striking distance.
I would be a complete moron to not have this name in here this week. We are finally breaking out of this really long base. I’m just hoping the name gives a decent pullback before setting sail into the 700s. Would really like to see a retest of the 568-570 area so we can look for support.
Last week was a pretty narrow range for what we’ve been seeing. Doesn’t necessarily mean anything. We’ve seen a decent move up so some digestion isn’t a surprise. Will be using under last week’s lows as the first area to think we see a bigger flush lower. The area I’m interested in seeing tested is the 20d as it lines up almost perfectly with the monthly pivot...