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 remain profitable at this time while a few are slightly [...]
This is the second and final video covering the highlighted Active Short Trade Ideas (with a separate video covering the Long Trade Ideas to follow). The trade ideas/charts are discussed in the following order: HSOL, HTZ, JASO, JPM, KBH, M, MIC, NTRS, OSTK, PWRD, QIHU, SPB, TSLA, YUM, & Z. To skip ahead to coverage [...]
PWRD hit the bottom of the first target zone for a quick 5.8% gain yesterday & again today. Consider booking partial or full profits and/or lowering stops.
PWRD has made an impulsive breakdown below this descending triangle pattern. One could short here or wait for a possible bounce back to near the bottom of the pattern before adding or taking a new position (with a stop not far above the bottom of the pattern).