*+-ALK (Alaska Air Group) was mentioned as an objective short yesterday while backtesting this trendline. Next objective entry or add-on to come on a break below the red line. Target to be set just above the 50.40 support level, stops dependent on entry.
*+-I have a growing list of short trade candidates on my watchlist which look poised for a decent correction. I plan to refine the list and post some of the more promising trade ideas on the site later today but until then, here are a [continue reading…]
*+-ALK (Alaska Air Group Inc) will trigger a short entry on any move below 42.20. T2 (34.40) is the current preferred target with a suggested stop over 45.10. ALK was recently shorted on a break of the daily uptrend line back in late July and [continue reading…]
*+-ALK (Alaska Air Group) has hit the first & final target, T1 at 42.20, for a 9.8% gain in less than 10 trading sessions. Consider booking full profits or at least lowering stops as ALK will now be moved to the Completed Trades category.
*+-ALK (Alaska Air Group) offers an objective short entry on this break below the multi-year uptrend line. A suggested stop over 48.30 is based on the current sole profit target of 42.20 (additional targets may be added). The notes on the chart states an entry [continue reading…]
*+-The following short trades will be moved to the Completed Trades category. While none of these trades reached their final price target, many of these trades did hit one or more profits targets before bouncing & exceeded their previously suggested (or any reasonable) stop level(s). [continue reading…]