AG has slightly broken down so tomorrow will be the yay or nay day for a bounce and a stay on the watchlist. If it continues the pullback it will be dead to me.
Triangle setup testing resistance.
The actual stock I'm watching here is HART I am comparing it to the setup that ISR made 2 years ago. It reminds me of it so I figured I would share my thought process of adding it. Hart is good for scalping from the 2.00-2.50 area until we see a break above and a run back to the 3.50 area which would be nice.
RJET looking for the 2.00 magnet which that seems to be happening but we are looking for a 2.00 bounce off that whole number resistance as you can see it did previously. By then it will be extremely over sold on the RSI and will hopefully see a nice bounce.
SDLP just bounced off of 3 dollars friday just friggin beautifully. Hopefully going to see a run back to 4.00 and maybe even a break for a really nice run!
That's it for me today guys, goodluck to a profitable trading week, the piercepicks have been rolling well into the new year and we are hoping for a continuation. I would love to see this blog grow and have viewers commenting and adding their input to my WL and posts.
If you don't take anything else from this blog always remember to,
Stay Educated. Stay Disciplined. Stay Profitable.
Take care guys,
JP
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