Longs:
CHTR – Daily – Bullish stochastic divergence. Nice looking bull flag & digestion pattern on lighter volume.
CHTR – Weekly – Bull flag on lighter volume, the chart rested and let the 10ema catch up.
FLS – Testing the descending trend line & noticing signs of accumulation. I am watching for a break higher on continued increasing volume and a test of the highs.
EBAY – Bounced higher last Thursday & Friday after consolidating on the long term ascending trend line. First target is the gap fill at $55.65.
MNST – Consolidating under resistance levels. Bullish stochastic divergence on the daily chart. Golden cross should happen this week.
SCHW – Cheap name. Cleared resistance levels with increasing volume. Next level is $17.85ish.
Shorts:
COP – After running almost 10% in two weeks I would expect to see the price come in a bit before continuing over the next resistance levels.
DVN – Testing the long term descending trend line after closing green 10 days in a row. Looking for a small retrace back into the moving averages. Trade will likely be a day trade unless the market shows some significant weakness.
GS – Tested and rejected the top of the descending channel. $147.30 is a long term support/resistance level.
AVB – Looks like a great short opportunity should we see any roll over in the markets. If the price begins to rotate lower the first target is $125.50.
Trade safe this week,
@AffluenzaVirus
