I have been taking more long positions lately. Here is one I found that I posted and traded. It's a weekly chart and probably the best looking long I've found in a great while. Unfortunately, it's a penny stock so I'm sure many avoided it. I went long at $1.01 and I've already blown out of 1/2 of it for a 40% 1 day gain. In my opinion, this chart still looks explosive.
Another setup I traded. Weekly chart and inverted H&S pattern. I went long at $12.30 and blew 3/4 of the position at $13.70. I'll hold the rest to see what happens with a stop set a tick under neckline support.....other than a gap down, nothing bad will happen to me on this trade.
I didn't realize how long this was going to take me. I'm tired of posting my trades. I'll post some others that I'm watching and not currently in later today.
I traded one of your setups previously given . Its working out well . Shorted RJF at 32.50 , covered half at 31.00 , stops to breakeven etc. thanks .
I probably won't trade this on a support violation.....risk too high. Instead, I'll keep it on my radar and "hope" it bounces up to or near the upper trendline.
I'll go short on a rally up to the upper trendline for a long term trade. It looks R-E-A-L-L-Y heavy with 50 points of downside potential.
There aren't many charts out there that look like this. It's a MONTHLY chart. I'll buy it on a breakout IF it goes on heavy volume.