$WMB Bullish Pennant Breakout Play
$WLT Bottoming?
$IBM Consolidation, Breakout, and Continuation
$JNJ Broke Out (Ascending Triangle Play)
My Bullish Story on $BIDU
Journal
5.15.13 Wednesday Waiting For a Breakout These are classic bull pennant pattern as you can see the stock moves pretty much sideways while the volume dissipates. You should see volume spike on breakout to confirm the move. 5.17.13 Friday Entered Bullish Positions @ $37.02 Its hard to see on this chart but it gapped up [...]
Journal
5.16.13 Thursday Entered Bullish Positions @ $18.30 As you can see, it broke out on 5/18/13 with such a high volume (see arrow), it totally got my attention. But I wanted to wait and see if we are going to see any follow through next day and we didn’t get any. It slowly turned over [...]
Journal
5.16.13 Thursday [At Open] Entered Bullish Positions @ $205.01 We have been consolidating and in that process, it has been forming this bullish pennant pattern. These formation usually breakout to the upside and many times they do so with gaping up above the top of the pennant (resistance) level as it did this morning. I decided [...]
Journal
Last Update: 5.17.13 5.14.13 Tuesday [At Open] Entered Bullish Positions @ $86.15 Breaking out of this ascending triangle consolidation. We just need volume to confirm the move. [After Close] We got the nice volume spike to confirm this breakout. $JNJ such a bullish stock, I hope to see some follow through rest of this week [...]
Journal
Last Update: 5.14.13 Related Article(s) Full analysis on $BIDU – 4.12.13 “Can We See $100 Again on $BIDU?“ 5.6.13 Monday Long Since 4.26.13 @ $84.63 (Chart screened on 4.26.13) On April 26th $BIDU gaped down after ER result but I had reasons to believe that we had more upside potential from this level as I talk [...]
