Trade Setups For After The FED

AutoDesk (ADSK) formed a not so perfect 6-months H&S Top which has broken neck @ 35.51. The pattern has retested the pattern and is back below the neck again. The stock is weak compared to the overall market. On a weekly basis the stock has completed a 5 point touch triangle that should be resolved soon.

adsk, H&S, head and shoulders, fed

ADSK Daily

adsk, autodesk, traingle, fed

ADSK Weekly

American Vanguard Corp (AVD) formed a triangle top which has not yet broken down…yet. Keep a close eye at 27.8 level.

AVD, traingle top, fed

AVD

Golden Minerals Co (AUMN) has been trading in a tight range rectangle since mid April. The last couple of days showed volume increasing at the upper resistance and yesterday price pierced the rectangle on the upside but closed inside. A decisive close above the 1.95 completes the pattern heading to the upside. This may be a bottom.

aumn, fed, rectangle

AUMN Daily

Fastenal (FAST) completed a double top formation with the second top exhibiting a sloping H&S. In addition to a pick up in volume, the neck has been broken by 0.10, which is not that decisive. Anyways, watch it closely for an implied target of 41.

fast, double top,

Fast Daily

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