$tockpile

Chronicling my day trading journey and none of the posts here should be taken as investing/trading advice. Just trying to improve my market trading skills one post at a time.

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$IMH

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$ABX

Nice pattern, huge volume

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$SIA

$9 remains the battle zone. Price has retreated to this area twice this year and bounced up but now there is a battle ensuing between the bulls and bears. The question here seems to be is this stock cheap enough and dividend yield (~10%) attractive enough to add to your portfolio? On July 10th,  charts flashed a bullish engulfing pattern which is a strong bullish reversal pattern especially at an area of support which applies here. However, after that things get murky. Do the bulls have enough faith in the stock to pull the price up or do the bears believe this is a dud and pull the stock down? For bulls to win, price needs to close above the down trend line (pink line) and keep closing above that AND the $9 support line. We could see a 4th touch of that $9 but as long as price closes above it, this is very bullish.

For bears to win, we need a flush where bulls pull the plug on the trade and we see a dark candle with close below the low of July 13th ($8.85) with increasing volume as bulls run of the exits and bears rush in. Ultimately we could see a test of the $9 zone, if price closes below with price touching or going above the $9 mark then we will see a decent down leg.

Fundamentally, Sienna has to answer 2 questions. One, can they absorb the conversion of part-time staff to full-time staff without a large impact to the bottom line? Second, what is the impact to their reputation as in will future potential clients not consider their services knowing the dire conditions that existed during COVID-19 and army had to step in to help out? Looking in their Q1-2020 notes, they acknowledged “Retirement same property occupancy excludes the results from the expansion at Island Park Retirement Residence, which is in a lease-up period since it opened in July 2019. Retirement total average occupancy is 84.2% for the three months ended March 31, 2020 (2019 - 90.4%).” If this total average occupancy continues to fall then it’s a highly likely confirmation that their reputation has been damaged.

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$BPSPX - June 19

Repetition of a previous pattern?

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The Golden Key

Despite the large February – April rally stocks are down year over year (May 6 2015- May 6 2016). $SPX is down over 1%, the Nasdaq is down over 4% and small caps are down over 8%. On May 6 st…

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Bullish Engulfing Example

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$AAOI

bullish inverted candle with confirmation today, looking for bullish action tomorrow above 19.20

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More doji+bullish

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Doji+Marubozu Candlestick

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$GLUU

GLUU broke multiyear resistance. If it can close above 6.80, it has a great chance of conquering 7.00 and onwards to new heights.

Monthly:

Daily:

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$DFS $EZPW

DFS - bearish kicker, 1st target 56.50

EZPW - morning star kicker in oversold conditions

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$ZIXI - multi-year breakout

After multi-year resistance around the 4.75 area, ZIXI might be finally breaking out. Looking at the monthly chart going back to 2005, it hit the resistance area and retraced 3 different times, all at around the same time (New Years 2008, 2011 & 2014). Could this time be different?

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$AREX $BALT $CROX $MDRX $ORI $SLM $WPX

really good long setups with the markets bullish move today

AREX - volume coming back after down leg + bullish inverted hammer confirmed with marubozu candle

BALT - coiling really hard, break either could lead to massive move

CROX - bullish stochastics crossover with price bouncing off EMA21 and prior support area with close above EMA8

MDRX - stochastics nearing bullish crossover + semi bullish kicker, close above EMA8

ORI - bullish kicker +bullish crossover in oversold area

SLM - price bouncing off couple of support areas + bullish stochastics crossover.

WPX - gapping higher with close above MA50 and stochastics heading north

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$CRWN $CTIC $FRO $MHR $MPO $PLUG $SALT $ZGNX $ZNGA

CRWN - bullish bet above 4.10

CTIC - nice push above MA50, could consolidate above MA50, target MA200 at 2.20

FRO - bullish bet above 3.10, good buy volume

MHR - forming bullish flag off a morning star pattern, break and hold above EMA21

MPO - rising into overhead resistance near 1.30, forming handle of a C&H pattern, looking for break above 1.30 and hold

PLUG - inverted head and shoulders, coming up to neckline at 2.80, bullish bet above 2.80

SALT - bullish piercing pattern with harami cross, see if it can close above MA8

ZGNX - decent buy volume, coming up to resistance at 1.50, looking for break and hold above 1.50

ZNGA - morning star pattern, looking for next leg higher

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$AGEN $BBG $BEBE $IDT $WIFI $WLT $ZIXI

AGEN - bullish doji sandwich + bullish stochastic crossover, could run up to 8

BBG - bullish kicker in oversold conditions

BEBE - bearish kicker signal

IDT - semi bullish kicker signal in oversold conditions

WIFI - strong bullish kicker with gap up, coming into overhead resistance but strength to the upside

WLT - potential bullish island signal, stochastics perking up from oversold conditions

ZIXI - forming bullish flag with multiple inverted hammers and gap ups

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$CALD $HERO $ROIAK $XXII $REN $MSO #STUDY #STOCKS

CALD - major bullish kicker signal, close above MA50 & MA200

HERO - potential breakout looking for positive trading

ROIAK - belt hold

XXII - reversed off major resistance area, flashing a potential bullish harami/inverted hammer

REN - inverted hammer followed by 2 positive days of dojis, any positive move would indicate another leg higher

MSO - bullish morning star in oversold conditions

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$AAPL, $AMCC, $QUIK, $SPG

AAPL - bearish > massive bearish engulfing AMCC - confirmed bullish pattern, inverted hammer with up day, trying to break above MA50 QUIK - bullish inverted hammer, holding above MA50 SPG - bearish > rejected by MA50, evening star pattern