The pic on the left is a weekly chart of CLDN. CLDN has formed an ascending triangle that is getting down to the do or die area on both the weekly and daily charts.
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This is the daily chart. Both charts have resistance looming around $11 – $11.50.
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On a strong push through resistance around $11.50 i would buy and ride to the 14 mark if it goes up.
WNR might be in for a quick pop between $9.50 to about $10.50.
If we broke through $9.50 this would be a cross through two key points:
Speaking of the 20 day EMA, check out what happened the past two times WNR moved crossed it. Both times (denoted with a blue arrow) resulted in a nice pop.
Another attribute i like here is the positive divergence on the MACD. It has been slowly trending upwards starting in late March.
STO and RSI have both recently spiked with a bullish move upwards as well.
As usual i would enter this trade with a trailing stop loss probably set at around 5-6%. Enter @ a cross through $9.50 with good volume and look for pain around $10.50. This is a very speculative chart for me.
CMOS is looking, to me, like it’s basing it’s ass off right now. This one is a good stalking candidate and on a confirming move through resistance it looks like it could move quite a bit.
The only ugly thing on this chart is the RSI. It IS trending upwards but I would hardly call that upward.
MACD is perfect… just about to have the good ol bullish cross. The histogram is looking text book as well.
The Full Stochastic chart is moving upward and onward as well but it does look like it’s moving a little bit too slowly.
Buy on a solid cross through the first line of resistance around $1.13. The next cross to look for is through R2, @ $1.19. If it really starts to move up you can look for resistance around R3, $1.30 and R4 $1.50.
Based on the resistance of the previous trend line that intersects R4, i really don’t see this busting very easily through the $1.50 mark, but it’s possible of course.
Is it time to short Oil and Gas? DUG is an ETF from ProShares that does exactly that and based on today’s news of oil passing $126 bucks it might be time to short?
This idea was spawned by this post on Break Out Watch and it made me want to check into DUG just to see what the chart has been up to.
While I’m not going to make any predictions (because I have no idea wtf oil/gas are going to do) here are my thoughts:
There is definitely positive divergence on both the RSI and MACD. MACD is looking a little weak, but still trending upwards. STO is looking like it’s about to have a pretty aggressive upward cross. And finally, the price pattern has formed the begining of a W pattern which I like very much. W patterns are basically a double bottom that picks up after the second bottom… For DUG we have to wait and see what pans out.
The volume has really been picking up in recent days, so it seems that movements should be pretty aggressive.
It will be interesting to see how DUG pans out over the next couple weeks.
CSAR is looking like it may have finally finished building a base and is about to start climbing back upward.
RSI and MACD have been trending upwards since mid March creating positive divergence until about April 28th.
I think the chart looks pretty good and we have some minor resistance around $1.73.
Buy now @ $1.66, when the price busts through $1.73 ride it up through $1.75, $1.90, and beyond. On any weakness or news i would sell this.
“Bah Da Dat Dah Daaaah I’m Loving It!” Yep, McDonalds and i think MCD is looking amazing right here.
The chart above (and linked) is a 2 year 6 month weekly chart of McDonald’s. McDonald’s is a well diversified multinational with an efficient business model and awesome breakfast menu. 😉
THIS is how I want an investment to look. Steady upward movement with consistent corrections and more importantly consistent recoveries after each correction.
Looking at the chart linked in the thumbnail i think MCD has a lot going on and the best way is to bullet it out:
This is a nice investment and I would buy on a cross above $60. Stop loss @ around $56 just for safety. Could also add on a trailing stop loss.
STLD is showing a beautiful upward trending price channel with pretty “predicable” tags on the 20 day moving average.
Today was a down day and it looks like it may be a buying opportunity as the price just hit the channel’s bottom support line.
Another positive is that the dips in price have been led by fairly low volume where as the upward movements are powered by higher volume.
I would buy @ $35.56 with a pretty conservative stop loss around $34 bucks. If the price continues to hold it’s bouncy trend, I would sell upon reaching the upper boundary of the price channel.
RMDX is a dog. Look at that crash!
Regardless, it looks like RMDX is trying to get up from that beat down and with three touches @ the $1.75 mark it could bust through and move higher.
If this baby breaks above $1.75 on good volume, i would buy and set a SUPER tight trailing stop loss. As you can see this one might burn you.
DNDN is looking like it might be setup for a break out. The RSI has been trending up and it IS a little high but that might be OK at this point. MACD looks alright as well.
I think buy this if it crosses above $5.89 and set a tight stop trailing stop loss. A sell point might be around $6.30.
I think that with Harmony Gold there is an opportunity to steal a couple points in the near term future.
Check out the chart on the left; HMY has clearly been trading in a channel that began around August and is still moving side ways. Currently, we are near the bottom of the channel and based on the past results, there should be a rise up to the channel’s upper resistance.
I think buy now (currently$10 bucks), sell if there a cross through the lower support @ about $9.48. When the price moves up, i think a safe/conservative move would be to sell around $11.