TheStockBandit.com

The averages are giving mixed signals out there so it’s a time to eye trades on both sides of the tape.

I reserve my daily trading plan for members of the site, but I wanted to share 5 setups of interest with you as we head into a new week of trading.

Put them on your radar and keep assessing them daily. As setups are negated or fail, seek out some replacements. As setups confirm their patterns, observe their price and volume behavior closely to gauge whether or not they still have some gas in the tank.

By the way, I do not have any positions in the stocks listed and am only interested in entries beyond the highlighted levels. Should price fail to push beyond the levels listed, I’ll take no action.  Price provides the proof, then I make an entry. Here we go:

KSU just rallied and is now attempting to rest. This could create a very nice flag or pennant in the next few days, so watch $123 for a new high to indicate it’s back on the move.

Why I Use TC2000

GPRO has carved out a high-level trading range measuring $8 in height. A new high at $71.60 is the number to watch.

Why I Use TC2000

YELP is building a mid-level base after some recent weakness. A breakdown at $74.50 makes a new correction low and offers potential on the short side.

Why I Use TC2000

NFLX is wedging here to create a bear pennant. A break below $452 should invite more selling with room down below $420.

Why I Use TC2000

VNET bounced back from its waterfall selloff but weak finishes in 3 of the last 4 sessions do not look encouraging. A break below $19.80 and there’s room on the short side.

Why I Use TC2000

 

Through the nightly service, I share swing trade setups with members here including my planned entry, stop, and target levels. Check out the trial if you’d like to kick the tires.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Follow @TheStockBandit

Stocks ended the week on a soft note, leaving the indexes right at some key short-term support areas. That could bring a (much-needed) shake-up this week, so stay on your toes out there.

I reserve my daily trading plan for members of the site, but I wanted to share 5 setups of interest with you as we head into a new week of trading.

Put them on your radar and keep assessing them daily. As setups are negated or fail, seek out some replacements. As setups confirm their patterns, observe their price and volume behavior closely to gauge whether or not they still have some gas in the tank.

By the way, I do not have any positions in the stocks listed and am only interested in entries beyond the highlighted levels. Should price fail to push beyond the levels listed, I’ll take no action.  Price provides the proof, then I make an entry. Here we go:

TSLA has been acting well and this high-level base is simply a rest phase (note the light volume). A turn up through $285 and it’s back on the move to continue its uptrend.

Why I Use TC2000

CTRP has pulled back within its rising channel but the trend is still up. It’s against support here with several points of room to rally, but a lower low at $62.50 would negate the bullish setup.

Why I Use TC2000

CSX is building the handle portion of this cup & handle pattern, but needs a breakout to a new high at $31.75 to confirm the pattern.

Why I Use TC2000

APC is holding the lower end of the range here, giving $104 a level to trade against on the long side with room up to $113 if support holds.

Why I Use TC2000

UHS is in danger of creating a lower high here and a break below rising support at $110.50 could invite more selling.

Why I Use TC2000

 

Through the nightly service, I share swing trade setups with members here including my planned entry, stop, and target levels. Check out the trial if you’d like to kick the tires.

Trade Like a Bandit!

Jeff White
Take a trial to our Stock Pick Service to get our trades.

Follow @TheStockBandit