SWHC will trigger a short entry on a break below this Ascending Broadening Wedge Pattern, which has formed following the recent breakdown of the stock's primary uptrend line and subsequent bounce off support. T2 (6.18) is the current preferred & final swing target at this time. Stops TBD upon entry.
I'll be heading out for a few hours this afternoon & just wanted to post an updated SPY chart before I leave. Yesterday's gap down found prices opening right on the top of the wedge pattern, which was the second consecutive confirming candlestick to the potential Island Top reversal candlestick pattern on the SPY. No [...]
On the last update to the HLF short trade, I had pointed out this triangle pattern on a 120-minute time frame chart stating that a downside resolution to the pattern was likely. Prices have indeed recently broken to the downside and I have added one additional key support level to watch as shown on this [...]
The AAPL long trade has hit the first profit target for a 4.3% gain from the official entry and a 5.7% gain from the optional (early) entry posted on March 11th. Consider booking partial or full profits and/or raising stops, according to your trading plan. T2 (482.50) is still the final target at this time [...]