August 14, 2014 Sunedison Inc (SUNE) I will definitely be getting some call options on SUNE once I see what i'm looking for. As you can see below on the weekly chart, SUNE was recently in a nice "W" continuation pattern and played it nicely. Unfortunately, when it broke out, it pulled back to test the broken resistance line but it failed and went back into the channel. SUNE tried to break this resistance again the past two weeks and failed. Tomorrow we can see SUNE break out and have a big push next week. If tomorrow SUNE does not break out, ...
August 14, 2014 Usec Inc (USU) I've been receiving e-mails to analyze USU - let's take a look at it's weekly chart. As you can see below, USU has pretty good support at $2.57 and has a pretty good resistance area at $7.32. You can see on the chart that these two areas have been tested several times, you will see the highlighted areas where previous candles touched. Let's see whats been going on recently. USU was forming a bullish flag pattern for a couple weeks and it seems that it broke out of the pattern this week but it pulled back ...
August 14, 2014 Coca-Cola Company (KO) Yes, KO is a slow moving stock but it can be pretty predictable at times. As you can see below on the weekly chart, you will see that KO formed and completed a bearish gartley pattern. These patterns are very high probability trades and you can see that XABC were exactly where they were suppose to be, using fib lines to confirm the pattern. These patterns are high probability reversals when the stock reaches the D leg. As you can see, KO had a sharp drop after completing the D leg. Price dropped quickly and hit ...
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