Daily Archives: April 4, 2024

Showing articles 1 - 5 (5 total)

26Dec2:27 pmEST

You Can't Hack This

I have to duck out early today, but I suggest you continue to keep an eye on IMAX. The 3D movie play is certainly a conferred for an upside breakout with the holiday movie season in full swing. In addition, the stock is ripe for a short squeeze breakout with the numerous bears in the float. The weekly chart is impressive, with the $31.60 area...

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26Dec1:09 pmEST

Never an Easy Battle in This Arena

The current bull market is likely to be remembered for how routinely it has shrugged off negative technical divergences to immediately catapult to fresh highs. In addition, classic warnings of extreme confidence, if not outright complacency, have also been eschewed by this bull. To be fair, however, we have not exactly seen taxi drivers giving...

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26Dec1:01 pmEST

These Two Are Trying to Keep it Together for 2015

Headed into next week, as well as 2015, BLUE LOCK remain two charts worth eyeing on the long side if the market is constructive. On their respective daily charts, below, note the orderly consolidations within the context of uptrends. You are looking to stalk them for upside breakout to resume the uptrend, with protective stop-loss on the other...

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26Dec11:39 amEST

Illusions of an End of Year Treat

The 3D printing stocks have been beaten-down badly in 2014, with many of the hot money players from earlier this year taken out in body bags with one failed bounce after the next leading to lower lows. Over the past week or so, I charted SSYS as a potential year-end squeeze candidate on the long side for a quick, snapback rally. And this...

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26Dec10:44 amEST

It's a Fugazi

It is often said that from failed directional moves in the market, or false breakouts, come aggressive moves in the other direction. With this in mind, we will update two charts in our ongoing analysis about whether they have just seen, in fact, false (or fugazi, as Donnie Brasco would say) breakdowns. GoPro is a chart I presented as a short...

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