After hitting T2 (yellow uptrend line) on Nov 13th, GMCR (Green Mountain Coffee Roasters) went on to make a counter-trend bounce back to resistance while forming a bearish rising wedge pattern on the 60 minute chart. A solid break or close below the rising wedge [continue reading…]
Completed Trades are trade ideas that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades Category either upon hitting the final target or if stopped out before then. Once removed from the Active Trades category, these trades and all associated posts will be archived indefinitely in the Completed Trades category for future reference.
RAD offers an objective short entry on today’s gap below this well-defined uptrend line/bearish rising wedge pattern. My preferred target is T2 (3.87) with a suggested stop over the 5.90 area.
In updating the trade ideas today, the following stocks will be removed from the Active Trades category to the Completed Trades category in order to focus on the most attractive opportunities at this time. Many of these trades have already hit a profit target or [continue reading…]
The original short entry on GS (Goldman Sachs Group) was posted on Sept 24th while GS was backtesting the recently broken large bearish rising wedge pattern (orange) as show in the first (previous) chart below. Note how GS has been stair-stepping higher with the white [continue reading…]
CME will trigger a short entry on a break below 77.10 which is both the primary uptrend line as well as the bottom of the support zone. Click here to view the live chart.
AMTD will trigger a short entry on a break below this bearish rising wedge patter. Stops will depend on one’s entry price and preferred target level(s). Click here to view the live chart.
There are a numerous attractive short setups forming in the investment brokerage sector. ETFC (E-Trade Financial Corp) will trigger a short entry on a break or daily close (for those preferring additional confirmation in order to reduce the odds of shorting a false breakdown). ETFC [continue reading…]