In addition to the FB long setup, a good deal of eyes are also on AKAM for the weekly chart bullish ascending triangle breakout setup, seen on the first chart, below. If we see the bulls run the market this week, I suspect Akamai benefits from chasers.
And on the short side, I am still eyeing General Motors for a move below $34 from a vulnerable chart pattern, second below.
Drop me your top tickers overnight.
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Long FB til $80 min; lve the look of GM short; looking to re-short the casinos this week or next; got long JCP Thurs; nice volume pocket may take this up to $13.50 area quickly once $11.30 is breeched and held; thanks as always Chess
Thank you, chedda. Good luck this week.
I have some credit of interest V and MA. I have no directional bias as of yet as I believe it will largely be dependant on the overall market.
They should be breaking consolidation soon.
Alot of possible head and shoulders and symmetrical triangles in my scans as of late. A hypothesis of a crossroads of sort, I believe, should be determined soon on an intermediate level.
Fully agree.
Thanks for the coverage Chess!!
Looking at TRST.
Nice one, thanks Tigg.
$SO $WMT $TIF $JWN $VDSI
Thanks, Gabriel.