Here are some setups for your consideration this week. Unless otherwise noted they are good-looking setups on the daily chart for taking day trades,( i.e. ”Set up for home runs, but hit singles and doubles”) and then swing traded at your discretion.
$ACI has looked like it has been bottoming for a while, and this breakout from a four-month range may finalize it. a few days of sideways movement above the breakout point would set up a nice long entry that could get as high as the 200ma.
Last week I said $AMAT “was not ready yet,” well now it is. Some basing below resistance would be nice, but it may not give you that pause.
Another one from last week that wasn’t quite there but is now. $CHK is a buy on the break of the 200ma with a stop below the rising trendline.
$FB is going to find a resistance level right about where the 50ma is. If it can break that, it can run. As always, some sideways action below resistance would be ideal.
Earlier this month $FDX warned, and since then the stock is up about 6%. After earning announcement Tuesday, a break of the downtrend line would be a buy.
Don’t know what they do, but $GAME broke support, then put in a double bottom and re-captured that support level. A sideways basing pattern could be setting up a nice run.
Its industry relative $AVL has taken off lately, and $MCP has put in a “head-and-shoulder like” pattern below gap resistance. A couple days sideways below that level would be a good risk/reward entry.
A bit sloppy, but $SFLY is putting in a series of higher lows as it approaches this resistance level. Sideways action needed for a few days here before attempting to break out.
$WLT has been on the “where’s the bottom” guessing game for over a year now. A few days consolidation and a break over $40 and I would vote that it’s in.