Charts for the Week of August 5, 2013 – $GLD, $HTZ, $TDC, $BAC, $MU

 

HTZ – Long | SMA Support | Bullish Candles | Regression Channel

https://i0.wp.com/charts.stocktwits.net/production/original_14973206.png

– Stock fell below lower channel of the regression channel. Look for a steep rise to get back into channel. – Found strong support at 100 day SMA. – Bullish candles with long lower shadows – Fisher also looks like it’s about to turnover – First support at 100 day SMA – Second support at $22.50 – Price target of $28.31

 

BAC – Bullish Flag | Cup & Handle | Breakout Play

Original_14968647

– Bullish Cup and Handle Forming – First Support around 14.45 – Second Support around 13.90 – Buy on breakout above 14.97 level – Price target at 16.35 – Ride the trend till the trend tells you different Feel free to comment, agree/disagree, or just go on a rant =P -Matt

 

GLD – Short | Failed Fibonacci | Crossover Fisher/MACD

Original_14968987

Looking for a continuation of bearish trend in gold after failure to break above .236 Fibonacci. Tight Stop at 128.56 Target Price of 115 Bearish Fisher and MACD crossovers

 

MU – Long | Bullish Consolidation | Fib Support | Fisher/MACD |

Original_14970816

Bullish Consolidation Wedge. Buy on Breakout with tight stop at 13.30 or loose stop at 12.50. Price Target of 14.64. Bullish Fisher Crossover. Small Bullish divergence on Fisher as well. Bullish MACD Crossover. RSI found support level. Feel free to comment, agree/disagree, or just go on a rant =)

 

TDC – Long  | Triple SMA Crossover | Bullish Divergence | Falling Wedge

Original_14886980  – Look for a strong potential move to the upside due to pretty strong divergence since Nov 2012 – SMA(21, 50,100) crossover confirmed a bullish trend with the stock seeming to have found a higher bottom. – SMA(200) and $60 price level will act as strong resistance. – Stock broke out of falling wedge pattern that’s been forming since July 2012 – A safer way to play this stock would be to wait for confirmation by having the stock reach a higher low above this level. Let me know if you agree/disagree or just feel like going on a rant =)

SWKS (Bullish) – Elliot Wave Consolidation Complete, Support

https://www.tradingview.com/x/wGtoeidh/

– Beginning of Next Elliot Wave Series
– Key support at 50% Retracement from weekly high/low
– Rising RSI
– Strong Volume Last Week
– 1st Price Target at $29.51
– 2nd Price Target at $37.34
– Buy on Breakout above $24.43 Level, use as stop
– Pay attention to price behavior when approaching wedge’s upper trend line

https://www.tradingview.com/v/pO651xiS/

DDD – Long – Rising wedge consolidation; Fib/MA Support

https://www.tradingview.com/x/PG347YAk/

      • DDD looks like a buy (Should it hold the key 76.4 Fib level.
      • SMA(20,50) should act as support in the bullish case
      • Rising near previous highs, just not as overbought
      • First Price Target @ $52
      • https://www.tradingview.com/e/QedHMNkz/

PDS (Bullish) – Break above Consolidation Wedge, MA Crossovers

https://www.tradingview.com/x/5kmKTFZX/

  • Rising Wedge Formation w/ major resistance @ $9.33
  • SMA (100,200) Crossover on weekly chart
  • Resistance Level is @ the 50% retracement from the previous high/low
  • First Price Target @ $11.16
  • Second Price Target @ $12.82
  • Sharp recovery of last weekly candle to finish above key moving averages.
  • https://www.tradingview.com/v/wuHtqOmf/

SLCA (Bullish)- Breakout above consolidation wedge, Elliot Wave

https://www.tradingview.com/x/fUZZHjOd/

– First sequence of another leg up after completion of the Elliot Wave Theory consolidation
– Broke out above rising wedge, which was also a breakout above the 50% Fibonacci Retracement
– Found significant support at the 50% Fib Retracement when drawn from the charts low in Aug to the High in March
– First Price Target @ $25.81
– Second Price Target @ $28.50

https://www.tradingview.com/v/hkvdpG8Z/

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