I've spent some time in updating both the Trade Setups category as well as the Active Trades category. Trade Setups are trade ideas that are either currently offering an objective entry, such as an active long trade that has pulled back to support, for example. Stocks or ETF's that are setting up in a bullish [...]
FDO is a good example of how, contrary to popular belief, one can successfully swing or trend trade the short side just as effectively as the long side, given the right setup and analysis of the charts. FDO was originally posted as an active short back on June 27th, 2012 at 68.84 and has remained [...]
FDO has broken below the trendline on the weekly chart posted back on Sept 17th. I have updated the weekly chart to include the target price levels for those looking for a potential long-term swing short trade. Although I believe this trade could be entered or added to here, a solid close below this trendline [...]
i have added a support line to the FDO chart which, if broken, should help propel prices lower to the first target area (intersecting weekly uptrend line and horizontal support). daily charts below:
FDO is re-testing the recently broken uptrend line, offering an objective add-on to the short or a new short entry, with stops just above the other side of that trend line.