Josh's Financial Blog

ENER is emerging from a 2 mo. base and it appears that the trend is changing. There is some resistance around 19.78, a move above that could push price up with the next major resistance at the 200 ema

Here's a weekly chart of ENER showing positive earnings growth over the last 4 qtrs. Their next earnings release: May 11 before market open

NARA has broken resistance and approaches another resistance level at 3.50. The chart suggests that it could break through and test the 50ma currently at 4.00

Stop loss below the 9ma currently at 3.10

*Low volume stock

NARA met it's target today at $4

Buy Candidate - IART

I have been finding a lot of setups that like this lately. I will look to buy on a break above the trendline (around 21.87) take profits just below the 20 ma (around 23.50). See an example of a similar trade at the bottom of this page.

Buy Candidate - ADSK

Here is another similar setup and buy candidate. I will enter if the stock moves above the trendline (around 13.00) and take profits at the 20 ma (currently at 13.60). See example of a similar trade at bottom.

Stop loss below Fri. low 12.45

IART met its target. It is a perfect example of why to take profits at the 20ma because it pulled back immediately after.

ADSK exceeded its target breaking through the 20ma

*Example

Here is an example of a recent setup that worked well. I think patterns like these are known as a "tower bottom". Charts like this seem to be popping up lately and offering an opportunity to capture a quick profit. This is not a recomendation to buy here, just an example of buying on a break of a trendline and taking profits at the 20 ma.

DXO is finding its way out of this decending triangle pattern and should continue to move higher from here (depending on oil). Stochastics are getting close to overbought, so a short term pull back is possible and could offer a buying opportunity.

DXO closed above the 50 ema today and continues to trend upward. We might see it consolidate in this area with resistance at 3.00 seeing that the long-term trend is still down. A move above 3.00 and there is very little resistance until 3.68

From Peter Worden's Blog: "The indicator currently shows the DJ-30 to be in a downswing, but I expect we could see an upside reversal here at the trend line resulting in a bounce, just as we saw at both the October and November lows."

Could this finally be the bottom we've been looking for? I hope so because if it breaks below this trend line and selling continues, then things could go from bad to worse! 

ATVI is breaking above resistance around 10.25 look for a move to somewhere around 11.25 a profit of 10%

Stop loss 9.69