Just want to extend my condolences out to those who lost loved ones 15 years ago today! You are in my prayers and on my mind. It may have been 15 years ago but it feels like yesterday and those were fellow Americans who didn't deserve their sentence that day!
DNR along with the rest had a nice selloff friday, but the chart is still intact.
MGT same style sell off, as you can tell this stock can have some hot days, along with the triangle pattern so still looking alright.
TPLM: had that huge rip on a red day, which is a good sign. Also you may think I am late to the game but this stock sold all the way back to the neckline so I think we could see some more with earnings in 9 days.
WFT had a selloff too, but it doesn't look that bad with this chart, still looking for that resistance break.
CYTK: No this isn't a triangle pattern, but this is forming up a pattern that I have had some luck with in the past. I am coining this pattern the "Inverse Newt Pattern" basically to most traders it is known as a dead cat bounce...but Newton is known for his "what goes up must come down" well this is the "What goes down must come up". Basically looking for it to open Monday with a green day since it kind of bounced off 9. It could fall through 9 and keep busting through those support levels but until we find the bottom she is still on watch.
I'm sure you can guess what a "Newt Pattern" is lol.
I'm sure you can guess what a "Newt Pattern" is lol.
Alright folks that is it for me today, Ready to trade the open tomorrow! If you want to come join us in chat, email me at piercetrades@gmail.com. If you want my real time alerts by not joining chat, follow me on Twitter/StockTwits I don't really alert real time on Stocktwits. The only reason I am on StockTwits is to save new traders from StockTwits. That place is a newbie's death trap.
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Alright folks
Stay Educated. Stay Discipline. Stay Profitable.
JP
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