[INTRA-DAY ACTION]
Not so much an intra-day action but here's what I'm watching for the next few days. Will be busy with college and spring cleaning so doubtful I will get much time to trade.
KMB
Looking for horizontal support entry at atound $49 with crossing and supportive 20 and 50EMAs. Target in excess of $51. Second entry at $48 has already tested so will gauge that should $49 fail. Looser stops and smaller size than normal as the market seems indecisive at the moment. Daily chart trade.
ARE
Simple support failure at $31 on the cards for new 52 week lows, looking to short. Daily chart trade.
GT
Double top with negative divergence on the 60min, with a similar formation short term on the 15min. Would like to see $9.75 drop with short term target at $9 down to $7.50. Daily, 60min and 15min.
HMC
Gap flag forming, potential ascending triangle too. I am bullish here and I'm looking to enter long either on a break of $29 but more favourabley around $27.50ish when the 20EMA catches up with the buyers. Overhead at $30 and also a good candidate to short to close the gap. Tight range and quite small risk in all setups in HMC. Daily and 60min.
IR
Nice gap on huge volume yesterday, strong overhead at $20 with support at $17.50 and gap price. Looking to enter long on a break of $20. Daily chart.
ICE
Consolidation range pullback to the 200 and 20EMAs, not much decisive volume the past few days, also horizontal support in the $80-$81 region. Bullish until $80 fails on volume. Daily chart.
Update close of day;
Had a nice scalp trade in FAS earlier, easy easy setup fopr a quick $100. Went up immediately on entry and hit my target pretty quickly (the perfect trade right?) and even went quite a bit higher. I've won 7 of my last 8 trades now so need to maintain the consistency and keep the focus. IR looking very nice closing above $20 too.
KMB
Looking for horizontal support entry at atound $49 with crossing and supportive 20 and 50EMAs. Target in excess of $51. Second entry at $48 has already tested so will gauge that should $49 fail. Looser stops and smaller size than normal as the market seems indecisive at the moment. Daily chart trade.
ARE
Simple support failure at $31 on the cards for new 52 week lows, looking to short. Daily chart trade.
GT
Double top with negative divergence on the 60min, with a similar formation short term on the 15min. Would like to see $9.75 drop with short term target at $9 down to $7.50. Daily, 60min and 15min.
HMC
Gap flag forming, potential ascending triangle too. I am bullish here and I'm looking to enter long either on a break of $29 but more favourabley around $27.50ish when the 20EMA catches up with the buyers. Overhead at $30 and also a good candidate to short to close the gap. Tight range and quite small risk in all setups in HMC. Daily and 60min.
IR
Nice gap on huge volume yesterday, strong overhead at $20 with support at $17.50 and gap price. Looking to enter long on a break of $20. Daily chart.
ICE
Consolidation range pullback to the 200 and 20EMAs, not much decisive volume the past few days, also horizontal support in the $80-$81 region. Bullish until $80 fails on volume. Daily chart.
Update close of day;
Had a nice scalp trade in FAS earlier, easy easy setup fopr a quick $100. Went up immediately on entry and hit my target pretty quickly (the perfect trade right?) and even went quite a bit higher. I've won 7 of my last 8 trades now so need to maintain the consistency and keep the focus. IR looking very nice closing above $20 too.
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