Posted: June 6, 2014 Filed under: H&S Bottom | Tags: $HLT, Hilton
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
Posted: April 23, 2014 Filed under: 200 Moving Average, Basing pattern, H&S Bottom | Tags: $NEM, Newmont Mining
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.
Like the idea? Subscribe on the right for instant updates
Posted: March 19, 2014 Filed under: 200 Moving Average, H&S Bottom | Tags: $FXA, AUDUSD, Aussie Dollar, Australian Dollar
The Aussie dollar AUD/USD completed a Head & Shoulders bottom by closing yesterday above 0.909. But the 200MA is currently capping its ascent for the second time, giving it some resistance importance. So a break above the 200MA at 0.91250, would provide a conservative entry. Implied target is 0.950.
Aussie ETF (FXA) traders have the pattern neckline at $91.20 and the 200MA at $91.80. Implied target of FXA is $95
Posted: March 10, 2014 Filed under: Double Bottom, H&S Bottom, Reversal | Tags: $BPZ, BPZ Resources, Ecuador, GAS, oil, Peru
BPZ Resources (BPZ) completed a one year Double bottom formation closing above $2.60. Interestingly, the second bottom has morphed into a 5 months H&S Bottom which has broke out earlier. Volume also has increased 3X giving more confidence in this long trade and a possible reversal and the end of BPZ 5 year decline. Initial target is $3.60. Stop loss @ $2.40
The big picture
Stop looking for your next trade & subscribe or follow @theartofchart
Posted: March 3, 2014 Filed under: H&S Bottom, Reversal | Tags: $DNDN, Dendreon, Immunotherapy, Prostate Cancer, Provenge
Dendreon Corp (DNDN) is a biopharma co. developing immunotherapeutic meds for cancer patients. More on their Provenge drug and how it works which is interesting here
From the chart perspective, DNDN is forming a 6 months Head & Shoulders bottom with 3.60 as the neckline. Will selling Provenge in Europe act as the reversal ? Implied target is $5
Do note the gap above which usually serves as resistance.
STOP searching for trades & subscribe or follow me @theartofchart
Posted: February 24, 2014 Filed under: H&S Bottom, resistance | Tags: $CLI, Mack-Cali Realty, REIT
Mack-Cali Realty (CLI) will complete a 6 months Heard & Shoulders bottom by closing above 22.50.
Implied target is $26 or the long term resistance trend line shown on the weekly chart. Stop loss @ 21.90.