by adammesh | Feb 9, 2023 | News
Caterpillar (CAT) is forming a negative momentum divergence, broke a key trend line of support, and now appears to be putting the finishing touches on a possible bearish head and shoulders pattern. If this pattern confirms then there could be a significant mover lower...
by adammesh | Feb 7, 2023 | News
Our options trading strategy is very simple. It doesn’t involve too many fancy indicators and it’s a method of trading that’s been around for hundreds of years at this point. We simply look at price with the goal being that we are keeping our strategy for trading as...
by adammesh | Feb 6, 2023 | News
Th market stalling out a bit last week has led many to question whether the bull rally will continue or not. However, until then, there are still some stock that have quality set ups that we can use to make a great trade. One trade idea that comes to mind is brought...
by adammesh | Feb 3, 2023 | News
Our stock today popped above a key resistance level, which means higher prices should come, as long as breakout level holds and the market continues its march upward. After selling off over night due to some lack luster earnings reports, that uptrend may be in...
by adammesh | Feb 2, 2023 | News
After the day the market had today, it is reasonable to assume we have some follow through today. That being said, tech stocks have had a great last couple of weeks with today’s stock being another one that looks to be gearing up for a further move higher. Snowflake...
by adammesh | Feb 1, 2023 | News
In this issue, we are going to talk about two stocks who have very similar setups. For us, the most important thing to watch is price and finding those price levels that are most significant when it comes to the stock in question. In addition to that indicator, we can...
by adammesh | Jan 30, 2023 | News
Our stock today, Seagate (STX), has tested a key resistance level at $70, a level that has proved to be an important level in the past as you can see by the line drawn on the chart below. This implies that a break through that level could lead to a run up to $75, and...
by adammesh | Jan 26, 2023 | News
Today’s stock is a great example of when a former resistance level is broken, and then becomes the next level of support. This idea of resistance turned support means that a previous level of resistance is broken as the stock rallies up through that price, but then...
by adammesh | Jan 24, 2023 | News
Snowflake (SNOW) is a cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm offers a cloud-based data storage and analytics service, generally...
by adammesh | Jan 23, 2023 | News
With all the strength in the energy sector, today’s trade breakdown is an interesting one. Despite this strength, Enphase (ENPH) has diverged from this path and as you can see, struggled over the past month or so. The recent rally in the overall market may have caused...
