The NASDAQ in an uptrend, the Dow in a downtrend, making the best strategy to have both long and short positions in the portfolio. Numerous breakout patterns are occurring coming out of fry pan bottoms and J-hook/bobble breakouts. This is producing strong profit opportunities in both long positions and short positions. We are seeing J-hook patterns and bobble breakouts in numerous stocks i.e. PCT, CHPT,BLI, NVDA, EOLS,KPTI. and AFRM. What produces a strong comfort level these patterns are working? Note how the T-line acts as a very obvious support level, continuing the uptrend. That same scenario can be utilized for short positions such as LPX, TAL, GOTU, DE. The huge advantage provided to candlestick investors is very easy analysis of what patterns will produce a high profit trades based upon historical results of investor sentiment. The big price moves can be identified at breakout levels. Join us June 26 for a full-day training on how to identify and be prepared for a price breakout that will produce excessive profits. This is not magic! This is merely recognizing what patterns work over and over based upon investor sentiment. Click here for more info.
Chat session tonight at 8 PM ET with guest speaker Steven Place. Click here to register.
Good investing,
The Candlestick Forum team
