SHW (Sherwin-Williams Co.) offers an objective short entry around current levels (352.75) on today's breakdown below this bearish rising wedge pattern. The current price targets are T1 at 331.10 & T2 at 317.35 with a potential third target that might be added, depending how the charts of both SHW & the homebuilder sector (XHB & [...]
SHW (Sherwin-Williams Co.) is one the components of XHB (homebuilders ETF) that is the first to break below a plethora of bearish rising wedge patterns among the various components of that ETF. I had already label this chart with the price targets shown but as the setup was not posted in advance & more importantly, [...]
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in SHW, Sherwin-Williams Co.
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). As the charts on some of these trades still remain [...]
I spent some time pouring over the charts last night looking for trade ideas. In doing so, I came up with numerous candidates, both long and short. Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short [...]
SHW offers an objective short entry here as it backtests this recently broken uptrend line from below. Targets listed on daily chart, suggested stop on a solid close back above the trendline. Daily & weekly charts below.
As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades). I did a once-over of all the charts and placed one of three symbols next to each trade; "OK" means [...]