base and break

Dummy Trade of the Day - QUALCOMM, Inc. (Public, NASDAQ:QCOM)

QCOM was an earnings play. Long on a B&B above the previous day highs.VDSI was a gap down and a long wait until the bear flag broke out, similar to my ABX trade yesterday.I'm taking Friday off....

High Chart Patterns Picks - CONSOL Energy Inc. (Public, NYSE:CNX)

Hats off to the team at High Chart Patterns for some great picks. HCPG's nightly newsletter includes a chart and a target entry price (blue line on my charts) for each pick. Both CNX and SID were...

Gapper Trade of the Day - Sierra Wireless, Inc. (USA) (Public, NASDAQ:SWIR)

SWIR showed up on my daily scan for 2 IBs (see daily chart below).This morning it gapped up with a strong opening range. The gap consolidated sideways with a series of NRBs. I entered long as the...

Watch List Short - Hansen Natural Corporation (Public, NASDAQ:HANS)

We talked about shorting HANS on Monday. We said we wanted to short HANS on the next test of support at $37.00. HANS tested $37.00 three times before breaking down. The first chart is 1 min. The...

Dummy Trade of the Day - Akamai Technologies, Inc. (Public, NASDAQ:AKAM)

Both of these gappers are from my watch list. I was looking for easy setups given today's news. AKAM gave me a trader friendly base and break in the direction of the trend following Friday's bearish...

Cup & Handle - Alpha Natural Resources, Inc. (Public, NYSE:ANR)

ANR gapped down on the open and shortly after swooned to towards recent lows. It promptly reversed after tagging $39.50 and then carved out a a choppy handle as part of a C&H pattern. My...

Dummy Gapper Trade of the Day - Arch Coal, Inc. (Public, NYSE:ACI)

ACI from the Briefing.com gapper list, was an analyst downgrade. The first chart is the daily chart with pivot point. In analyzing the setup, I surmised that the 20 day EMA was a suitable target...

Gaps & Pivot Points - TBS International Limited (Public, NASDAQ:TBSI)

The first chart is a wide range, 15 minute view of TBSI which gapped up on Friday (Briefing list). The blue lines are pivot points (areas where price pivots and changes direction).The 2nd chart is a...

Base & Break Trade - Crocs, Inc. (Public, NASDAQ:CROX)

Talked about this setup last night in the comments section. I was targeting a 100% Fib. extension of the ORL to the base (blue line), but it didn't quite happen. Talked about DLTR in the comments a...

Dummy Trade of the Day - Barrick Gold Corporation (USA) (Public, NYSE:ABX)

ABX tested yesterday's high on the OR and held support of rising 20 ema on the second bar. After that it swung back up to the base, setting up a B&B long. I took a partial at R2 (62% Fib...