First post of the new series I'm starting. Hopefully, it will be beneficial for everyone.
Bearish 🐻
TGT
Closed with a bearish engulfing. 👀
ROK
Was already watching this one since last week. Glad it's breaking down. Inside Bar on 2/1 and broke below support. Next support level isn't until $165.85.
IBM
Bearish engulfing, ranging but need break below 133.3. Momentum coming down.
FISV
Watch breakdown below 82.78. Bearish engulfing.
IP
Need break below 46.12. Daily and 4hr momentum down.
RCL
Good short as long as it doesn't break above 120.67. Risk at bouncing off of support level @ 116.72. Can also wait until break down below support level.
UTX
Break above 120.3 or below 117.75. Prefer breakdown. Bearish engulfing.
AEO
Momentum going down. Good option chain. Need break below 20.72
Bullish 🐂
WBA
Buy above 72.25. Watch closely with stop loss under it.
JWN
Need break above 46.3, momentum squeeze on daily. Bullish engulfing.
KMX
Bullish engulfing. Bottoming with momentum going back up. 😻
CBOE
Bounced off of support. Bullish Hammer and Engulfing. ER coming up on Friday.
EAT
Bullish PiercingLine on Daily, bullish reversal candle on 4hr, holding support. Need momentum pushing up to confirm. 😻
FTR
Less than $5 stock but huge potential. Need push on momentum to confirm. Stop loss below support line.
Good luck with trading next week, folks. Be sure to join our free trading chatroom and follow me on Twitter to get the latest alerts.
Bearish 🐻
TGT
Closed with a bearish engulfing. 👀
ROK
Was already watching this one since last week. Glad it's breaking down. Inside Bar on 2/1 and broke below support. Next support level isn't until $165.85.
IBM
Bearish engulfing, ranging but need break below 133.3. Momentum coming down.
FISV
Watch breakdown below 82.78. Bearish engulfing.
IP
Need break below 46.12. Daily and 4hr momentum down.
RCL
Good short as long as it doesn't break above 120.67. Risk at bouncing off of support level @ 116.72. Can also wait until break down below support level.
UTX
Break above 120.3 or below 117.75. Prefer breakdown. Bearish engulfing.
AEO
Momentum going down. Good option chain. Need break below 20.72
Bullish 🐂
WBA
Buy above 72.25. Watch closely with stop loss under it.
JWN
Need break above 46.3, momentum squeeze on daily. Bullish engulfing.
KMX
Bullish engulfing. Bottoming with momentum going back up. 😻
CBOE
Bounced off of support. Bullish Hammer and Engulfing. ER coming up on Friday.
EAT
Bullish PiercingLine on Daily, bullish reversal candle on 4hr, holding support. Need momentum pushing up to confirm. 😻
FTR
Less than $5 stock but huge potential. Need push on momentum to confirm. Stop loss below support line.
Good luck with trading next week, folks. Be sure to join our free trading chatroom and follow me on Twitter to get the latest alerts.
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