Although the indexes appear to be in profit-taking mode today, the J-hook pattern set ups are working i.e. COHU, WLL, UPWK, FSLY. The wedge breakout patterns are also performing well, BLNK, FCEL, MGEN. Continue to stay in long positions that are confirming pattern breakouts.
December 18th Daily Market Comments
Although the indexes appear to be in profit-taking mode today, the J-hook pattern set ups are working i.e. COHU, WLL, UPWK, FSLY. The wedge breakout patterns are also performing well, BLNK, FCEL, MGEN. Continue to stay in long positions that are confirming pattern breakouts.