Apr 14
Having shaped as if it was ready to take out fresh highs just over a week ago, $SWI’s price action has rapidly deteriorated, following through on the previous week’s break lower. It made a couple of attempts to bounce during the week, and Thursday had another high-volume move lower, this time taking out the 200-day, …
Mar 04
I’ve liked Microchip Tech ($MCHP) for a while but it hasn’t given me the low-risk entry I was looking for, until now. Here’s the weekly chart where you can see the breakout it had from a huge descending triangle last month. Looking at the last six months in more detail on the daily chart below, you …
Feb 02
Just looking over a few charts this weekend, here’s 3 names that caught my attention that I want to add on the long side. You’ll always get pretty straightforward analysis from me, nothing too complicated, just tried and tested setups for good risk-reward trades. Green Mountain Coffee ($GMCR) I like how $GMCR has been …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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