--Up trend, breakout of a W pattern --Re-claim 21 ema, help support at 50 ema and bottom trend line --Not much re-action on the CPI report, Open higher on last closes --MACD shows entry signal, RSI above 50 --Entry: 1.25%-2% above previous closes (safe play) --Avoid if show choppy price action. --Cut lost: ~7%: right below 21 ema --Above 2:1 gain ratio
--Hold on the long support --Reclaim the 21 ema --Breakout from a flag pattern , showed entry on MACD , RSI above 50 --Entry 1.25%-2% above last close price --Cut loss @ 7.5% (at higher range), right below 21 ema , since this could be the support level . Above 2:1 target ratio --Disregard if show choppy price action --Good luck, hope there still demand for marine...
--$MOS hold the long support --Breakout from the W pattern or flag for the base support --It appears that the stock is resistance the the CPI and Job report announced. --CPI report is coming on 10/13, hope this will hold --If this move up before the CPI report. May set a stop loss for even trade
XLE hold the long support level; breakout of the triangle at the major resistance A base with double bottom (W pattern) was created in the triangle to have a base support for the breakout and up trend. Could hit 52 weeks high again. RSI might hits 70 at over bought level and might come back down for a re-test. Good luck
Coming out of the second bull flags. Pull back, with bullish candle on the up trend. MACD show momentum. RSI high at 60.
Bull flag on the daily and weekly chart. Daily chart with bullish engulfing candle. Strong momentum on MACD . Bear market with oil 52 weeks high.