Wednesday, September 3, 2014

Stock Chart Updates - 9/3/2014

In this post, I will present an update on some of the charts I have recently posted on my twitter page. If you wish to follow my live commentary and postings on twitter during NYSE trading hours, then follow me on twitter @smtraderCA

BBRY:

(click on the chart to enlarge)
It has broken out and could be making its way up to retest its previous high near 11.50



BX:

It is still consolidation within the recently formed double bottom and waiting to see if it can break above the double bottom pivot. The price target from the double bottom measured move is the previous high near 36.



ONVO:

It is hovering near the trend line support and the apex of the triangle is converging for eventual directional move. If it breaks above the 8.25 level, the level near 11 could be a potential price target.



PRGO:

This pharmaceutical stock is forming a bull pennant with a baseline near 150.85. If it can break above this level, the projected price target from this bull pennant is within the previous high above 160.



PCYC:

This pharmaceutical stock also has been forming a bull pennant with a breakout level near 125.80 and a measured move price target near 153.



WFM:

It is coiling within a huge bullish candle and testing the baseline resistance. If it can break above the baseline level near 39.50, the previous high up at the 43 level could be in play.



FANG:

After it has broke above the declining trend line, it has printed a tweeze candle pattern and dipped back under the trend line. But it still maintain above the previous support level near 83.50. If it can move above the tweeze pattern’s high, the previous high up at 94 could be in play.



STT:

It is trying to move above the price gap near 72.76 but still unable to clear it from the last two attempts. It could make another attempt to break through after additional consolidation beneath the 72.76 baseline. When it breaks through, the previous high near 76 could be the price target.



AMD:

After printing a shooting star doji testing the 4.14 baseline, an inside bar (IB) inverted hammer ensued. This candle pattern formed after the recent pull back ended with a doji hammer holding above 4.14, and this could present a long entry possibility for a swing up to the price gap fill level near 4.60.






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