Technical Analysis Day Trading Setups : 6/29/08
Jun 30, 2008 Day Trading, Technical Analysis
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???? Made an awesome breakout of it ascending triangle Friday leading to our purchase price of 4.63. With this heavy volume confirmation on the breakout i believe its very possible that this stock is going to breakout to new highs likely this upcoming week posting a quick 20%+ trade for us. Not only is this stock beautiful technically they have some strong fundamentals that provide a backbone for this stock to sustain highs and avoid the risk of a pump and dump shady story stock.
Technical Analysis Day Trading Setups : 6/26/08
Jun 27, 2008 Day Trading, Technical Analysis
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I think its about time we take a look at a couple of short positions for the portfolio as the market is looking like a pile of junk i think we can expect some more downside from here and the continuation of oil to rise.
???? broke down its ascending trend line today on increased volume and selling pressure making this stock appear that it could easily be sent down to fill its gap support around 6.50 to 7/share where we would want to take some profits. I want to fill a 1/2 position Friday to test the waters here in this stock.
Next short position were gonna take a shot at is ??? which is part of the financial credit group which is all worthless crap right now. Technically this stock just broke down a very large channel/double top pattern so i believe that its very possible for this stock to continue trending for the bears. Testing the waters with a 1/2 position here friday.
3rd stock were gonna go long on an energy play which just broke out of a beautiful ascending triangle chart pattern. This stock just rallied close to 20% today so i dont want to go long right away here as most of the time profits will be taken in moves like this. So i want to pick up a position here near the mid point of todays breakout candle around 5.55 or so Friday.
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Jun 24, 2008 TTT.net Updates
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Technical Analysis Day Trading Setups : 6/19/07 Penny Stock
Jun 19, 2008 Day Trading, Technical Analysis
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???? has been making a huge move over the past 2 weeks with record volume levels and huge gains. After consolidating some the past few days it looks like this stock could be setting up for another short term breakout that could spark a big move when looking at this chart on the longer term scale. Going back several years looking at the weekly chart this stock is stuck on a trading range with resistance set around .20. If this range is broken there really isn’t any significant resistance ahead from here that will hinder this stocks ability to become explosive on the breakout.
Looking at the shorter term scale of a 60 minute intraday chart ???? is forming a great looking ascending triangle pattern here. If price breaks out from .185 that will trigger a strong short term move which in turn could lead to the breakout of the longer term trading channel with resistance around .20. Being that this stock is in the speculative energy sector i think its very possible that we could see some huge gains coming in the near future for this little penny stock. They are hosting a conference call on the 23rd.
I want to go long a 1/3 position to test the waters here if price breaks out from .185
Small Cap Stock Picks : 6/17/08
Jun 17, 2008 Small Cap Stock Picks
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???? made an awesome looking breakout today on increased volume from its symmetrical triangle pattern. This stock has been releasing some speculative PR’s lately as its a bio-tech stock pushing this stock higher. Now that this latest consolidation has been favored on the bulls we should some more upside from here towards $2/share.
???? is in the middle of its symmetrical triangle pattern but as this is an oil stock i think that this will continue its ascent as oil rebounds in the coming weeks. I’m long 1.41
Technical Analysis Day Trading Setups: 6/03/08
Jun 3, 2008 Day Trading, Technical Analysis
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??? is looking like its in the works of creating another very strong breakout on the verge of busting through resistance to new recent highs. Mondays volume indicates to me that this bullish move is not yet over and that we should see some more upside for the bulls in the weeks to come. Zacks.com has set a target price of $9/share for this stock giving us some hype and momentum to play off of as well as this being an oil related play. I want to go long 1/2 position Tuesday morning and buy the second 1/2 if we see this thing dip.
