A Great Stay For Less Than $30

Hilton Worldwide (HLT) completed a 6 months Complex Head & Shoulders Bottom after breaking out and finally closing above 23.10.

Initial target is $25.7. Stop loss @ 22.70

 

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Morgan Breaks

JP Morgan (JPM) completed a 4 months broadening top. Implied target is $49

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Betting On GFA To Turnaround Your Portfolio

GFA stands for Ghana Football Association. It is the governing body of association football in Ghana, based in Accra. But what we are after today is Gafisa (GFA). GFA is one of the largest cconstruction and real residential segment in Brazil. The stock has almost completed an 11 months ascending triangle. A break out the neck line at 3.55 may be marking a reversal for GFA and an initial target of $4.8

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Newmont Basing For Reversal

Newmont mining (NEM) has been in the news lately on M&A rumors. Looking at the stock reveals a 5 months Head & Shoulders bottom. Interesting the neckline intersects with NEM  200MA. A breakout should be significant with an implied target of $31.80. Note that NEM reports earnings tomorrow Apr 24th.

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Nasdaq Is Saved

The Nasdaq (COMPQX) has been saved today as it has almost completed a 4 months broadening top. Both the Nasdaq and Russell 2000 have a similar top. But recently the nasdaq has been the weaker index. A close below 3968, implies a target of 3,580.

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Jet Blues

A 5 months complex Head & Shoulders top is forming in JetBlue (JBLU) with neckline at 8.20, which was broken intra-day yesterday. A decisive break would imply a target of $7.

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Palladium Diamond

After breaking out of the triangle as expected in a Feb post, Palladium was volatile last month but traded above the triangle. The metal then formed a tiny 5 week diamond pattern, which is breaking out today confirming the initial triangle thrust. Implied target is $835. Stop @ 779.

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