Intraday Setup: IFN: Smells Like Cheap Incense
I brought this setup to light earlier this week. It is now coming to fruition.
(IFN: 37.44 -3.13%) broke through the 50 day average and is looking at a long way down from here.
I brought this setup to light earlier this week. It is now coming to fruition.
(IFN: 37.44 -3.13%) broke through the 50 day average and is looking at a long way down from here.
The GLD exchange traded fund has just broken out of a triangle. Triangles tend to be continuation patterns, which means (GLD: 82.17 +2.64%) should continue moving on up. Read a previous post on the GLD triangle here: Reader Request: GLD.
View the current chart here: GLD Chart
Be aware that the RSI(2) is nearing overbought. Also, although this [...]
WAT is breaking above a bullish consolidation. This consolidation follows a bullish earnings report which saw the stock surge 10 points on strong volume. The stock is not yet overbought, and both MACD and Stochastics suggest the stock has room to move upward.
Aladdin Knowledge Systems is attempting a breakout from a bullish consolidation. This is a thinnly traded stock, so trade it accordingly.