Is FB About To Break Out?Starting mid 2014, FB entered a price range. The bottom was about $72 and the top was about $80.
Now that some time has gone by, it is easy to look back and see what was happening. The top of the range has been breached a few times - back in October, in December, and February. The December breach was the strongest as FB actually closed above $81.00.
Today, it looks like FB "might" again close above $81. If it actually does, then tomorrow it would be nice to see another close above $81.
If FB stays above $80.75 ish for a few days it is probably safe to say FB is going higher.
As long as price stays above the green UT line you can stay long this stock. If you want to add to your position, do it when the price is close to
the green UT line.
If price ever closes below the green UT line you should take notice and consider pairing down your position. Protect your profits...
March 19 Idea Update
I know it's early in the day but this idea from 13 days ago looks even more accurate today. The price is through the $80.75 ish level and seems strong at the moment. For today, a close above the horizontal grey line will be constructive for longs. Tomorrow, just as important, a continuation of upward momentum is needed. GLTA!
Gapngo
CSIQ Day Trade Gap N Go (Brad Reed Mar5,2014)CSIQ expected to open at 31.48 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
ABBV Day Trade Gap N Go (Brad Reed Mar5,2015)ABBV expected to open at 56.73 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
SWHC Day Trade Gap N Go (Brad Reed Mar4,2015)SWHC expected to open at 14.37 for a Gap n Go (last candle bullish on the hourly chart). To learn to trade this strategy for free go to www.RealLifeTrading.com
SPWR Day Trade (Brad Reed Feb24,2015)SPWR expected to open at 32.35 for a Gap N Go. Watch for nearby pivot and last candle bullish on the hourly. To learn this strategy for free go to www.RealLifeTrading.com
ZU Day Trade (Brad Reed Feb20,2015)ZU expected to open at 14.00 for a Gap N Go. Last candle is bearish on the 15min chart. To learn to trade this strategy for free go to www.RealLifeTrading.com
HLX Day Trade (Brad Reed Feb17,2015)HLX expected to open at 16.90 for a Gap N Go. Last candle bearish on hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
FEYE Day Trade (Brad Reed Feb12,2015)FEYE expected to open at 38.38 for a Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
NTAP Day Trade (Brad Reed Feb12,2015)NTAP expected to open at 37.22 for a Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
KO Day Trade (Brad Reed Feb10,2015)KO expected to open at 42.68 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
HOT Day Trade (Brad Reed Feb10,2015)HOT expected to open at 76.00 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
TWTR Day Trade Swing Trade (Brad Reed Feb6,2015)TWTR expected to open at 46.19 for a Gap N Go. Last candle bullish on the hourly so wait for retest. Could make a good swing trade too. To learn to trade this strategy for free go to www.RealLifeTradi+ng.com
MYGN Day Trade (Brad Reed Feb4,2015)MYGN expected to open at 31.03 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
YHOO Day Trade (Brad Reed Jan28,2015)YHOO expected to open at 49.95 for a Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
DWA Day Trade (Brad Reed Jan23,2015)DWA expected to open at 18.90 for a Gap N Go. Last candle is bearish on the 1hr chart. To learn to trade this strategy for free, go to www.RealLifeTrading.com
SNDK Day Trade (Brad Reed Jan22,2015)SNDK expected to open at 75.10 for a Gap N Go. Last candle bearish on 15min chart. To learn to trade this strategy for free, go to www.RealLifeTrading.com
DAN Day Trade (Brad Reed Jan21,2015)DAN expected to open at 21.45 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com
BRCD Day Trade (Brad Reed Jan16,2015)BRCD expected to open at 12.42 for a Gap N Go. The last candle is bullish on the 5min chart. Watch for resistance at 12.43 To learn to trade this strategy for free go to www.RealLifeTrading.com
TSLA Day Trade (Brad Reed Jan14,2015)TSLA expected to open at 185 for a Gap N Go. The last candle is bearish on a 15min chart. To learn to trade this strategy for free, go to www.RealLifeTrading.com
SNDK Day Trade (Brad Reed Jan12,2015)SNDK expected to open at 88.40 Last candle is bearish on the hourly chart. To learn to trade this strategy for free, go to www.RealLifeTrading.com
GILD Day Trade (Brad Reed Dec22,2014)Expected to open between 96 and 97 for a Bearish Gap N Go. Last candle black on the hourly. Learn to trade this strategy for free at www.RealLifeTrading.com
GPC double gap upGPC has spent most of 2014 in consolidation. The high of February proved to offer very strong resistance and price tested it a couple of times before finally breaking through. Once resistance had turned into support the uptrend has continued with some momentum.
On the daily chart there was a bit of stickiness around the $100 figure but now there is no specific resistance ahead. Last week Thursday's bar gapped up with higher volume and a bullish bar. This looked like a good near-term buy opportunity but the following day price gapped up again on higher volume - but this time with a bearish bar.
This could still present a good near-term buy but with the Christmas break fast approaching I will stand aside on this one - for now. I may look at it again next year for a longer-term trade.
CTAS gaps up but approaching $80CTAS has been in good uptrend for some time but had a fair bit of resistance to tackle before being considered for a long-term buy candidate.
At the end of 2013 price finally broke through the 2002 pivot high ($56.62) and the weekly chart shows the subsequent retest (as a double bottom) converting previous resistance into support. Since the confirmation of this chart pattern the bullish trend momentum has continued.
On the daily chart the trend is not the most linear but is adequate. Friday's gap up was an extremely bullish bar with higher volume (on the earnings announcement). If it weren't for the $80 round number (and the Christmas break) up ahead I would consider this a near-term long opportunity.
