For those wishing to skip ahead to the analysis of a particular stock or ETF, the following trade ideas are discussed in this order: XHB, AOS, LOW, LL, DHI, HD, LEN, LZB, MAS, LII, MHK, WHR, & TPX.
MAS has hit the daily target here as well as T2 on the 60 min chart. it could very well go lower but with the quick move down from appx. entry level to the key daily support (T1), i'd consider taking full profits here or at least tightening stops up pretty tightly if you want to hold out for any of the additional 60 min targets. about a 13% gain on this one so congrats to those that caught it and we patient enough to wait for the trade to play out. moving this over to the completed trades category and [...]
part of the "patience" theme, this one has been an active short since jan 20th (original post here) and other than one small pop and close above the key resistance level yesterday to run the stops before they took it down, MAS has continued to struggle at that key level while building negative divergence on the indicators and the bids finally collapsed on the stock today. i've included the updated 60 min and daily charts along with the originals below and as noted on the 60 min, there's a pretty thin zone that could cause prices to fall rather quickly all [...]
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]
i'm a little behind on posting this one. i found it with a ton of other set-ups combing thru the charts last night but i'm still catching up on that list as i type. just getting to it and it's already down 4% but should have some more meat left on the bone. maybe consider a starter position here and add if we get a bounce back to support (which i'm not sure is likely). 60 min trendline breakdown today confirms the short. also consider adding/entry on a re-test of the 60 min trendline. targets TBD.