FireEye Inc remains in bearish phase, in a buy signal, but the column switched back to Os.
Overall, the technical picture of this stock looks horrible and we should not take a long exposure here.
A close below $31.00 will complete a bearish triangle to make things worse
S&P500 is back to a column of Os, but the stock remains on a buy signal after a double top breakout at $190 back in May.
There is no known support until $182.00 from point and figure.
This may be a good time to reduce the exposure to the market.
Certainly not the time to initiate a new long position until we see a column of Xs and the demand steps back in.
Arna is the king of Bag Holding!
The stock is in bearish phase, in a sell signal after a triple bottom breakdown at $7.00 in July 2013, and in a column of Os.
DO NOT initiate a long position.
Clearly mentioned that the stop order was supposed to be at $6.00 on the column reversal to Os.
At this point there IS NO known support until $3.75
You had your chance of exiting the market. I hope you took it. GL
Danger! Danger! Achtung!
The stock is making lower highs since December. Although the signal is still in a buy, the column is in Os.
A close below $7.00 will break a triple bottom resistance… and… good luck if you still hold long!
Next known support is at $4.25
T-Mobile US is in a buy signal and in a column of Os.
This is enough reason not to buy it. We should wait for the column to reverse to Xs. That will occur after a close above $34.00
Then we may consider a long position.
Halozyme Thera is back to a column of Os and it is on a buy signal.
On the bad side, the stock is about to bang its head against the bearish resistance trendline. More often than not, it is a significant resistance.
I would not consider a long position under any circumstance today.
Wait for the stock to trade in bullish phase.
The stock seems to be taking a rest after doubling its price in six months.
Also, the stock will change to a column of Os at $6.00. At this point, we should NOT engage in a long position at all costs!
There is no known support until $3.75 on the bullish support trendline.
Avoid for now.
The PnF chart of Himax Technologies did not feel today’s large move!
With respect to PnF, the stock remains in bearish phase, in a sell signal, and in a column of Os.
Avoid engaging a long position at all costs for now. I will monitor it, and if the technical picture improves, I will be the first one getting long. Not the time yet.
Twitter, Inc rose to 48.00. Why? I do not care. Is it overbought? I do not know.
However, the price is very close to the bearish resistance trendline. It usually acts as a brickwall.
Since there is no known support until $36.00, we could set the stop order at $45.00 on the column reversal to Os and take nice profits.
Glu Mobile Inc remains in a column of Xs and in a buy signal after a double top breakout at $6.00.
However, the stock is dangerously close to reverse back to Os if it closes below $6.00 again.
There is no known support until $3.75.
Therefore, the stop order should be at $6.00
GT Advanced Technologies remains in a column of Os, and in a sell signal after a double bottom breakdown sell signal.
The next known support is at $13.00, then $11.50 on the bullish support trendline.
So we could conclude two things:
1. Do not play it yet.
2. Use STOP ORDERS when playing it. They exist for a reason!!!