Posts Tagged ‘break-outs’

Notes from @alphatrends Free Webinar

Posted in After Hours, Information, Technical Analysis on December 21st, 2009 by STO Trader – View Comments

Brian Shannon - @alphatrendsWow, just finished up a whirlwind session with Brian Shannon (aka @alphatrends) reviewing a ton of charts for the week. He opened up his usual subscriber webinar session to the public, so I jumped at the opportunity to learn from him.

I furiously took some notes in an attempt to retain a fraction of the information for later use. Figured I’d share what I captured for those who weren’t able to make it. I signed-on a touch late, so missed the beginning part. However, Brian’s extensive knowledge and experience certainly shows in going through a ton of charts at lightning speed. Good stuff!

For those interested in learning more from Brian, he has a premium blog, AlphaTrends.net, on the Stocktwits Network. He is also the author of Technical Analysis Using Multiple Timeframes. I don’t have that book yet, but it’s on my list, so hopefully I can provide a review someday.

Anyway, here are my notes from the webinar. As with all stock mentions on my site, these are neither recommendations or endorsements for any play. (See the Disclaimer.) I may have even mistyped something, so don’t blame either me or Brian if anything doesn’t jive with what you see in your own analysis of the stocks and charts.

Enjoy and happy trading!

Long Ideas

  • FLIR – official idea
  • RFMD – official idea
  • KG
  • AA
  • AEP
  • AF
  • APWR
  • AXL
  • BIOF
  • CMTL
  • FCS – above 9.8 stop below 9.45
  • ITRI – support at 67, b/o above 67.40+
  • NEP
  • OHI – break above 19.05
  • CNU – breaking out from consolidation
  • PAET – look for p/b then get in… stop @ 4.03
  • QLTI – stop 4.68 b/o @ 5.00
  • VVUS – in @ 9.30, stop @ 9.35 room to 10.50
  • VZ – broke resistance @ 33, advance then p/b. 33.20 entry with 32.9 stop
  • AKNS – right @ 5dma up to 1.45
  • CSUN – looking for p/b to 4.50, b/o on daily chart, could be chasing
  • JASO – similar to what CSUN could do
  • YGE – good possibility, could be b/o looming, good weekly chart, bot Jan 16 calls

Short Ideas

  • GENZ – looking week, possibly down to 42
  • ENDP – below 19.50, b/d
  • MUR – bearish flag
  • TNDM – hammering @ support @ 20.50

Other Charts

  • RIMM – at previously weekly support, could need to work to break above, needs to settle in, could set some higher lows and break above
  • EXPE – Good weekly chart (6-26) 26 is prior support, now resistance, neutral over last 3 weeks, support 24.50-25.00 (prefer stocks like AF that are just possibly starting a move)
  • QTWW – some support @ 1.05, but below DMA, neutral at best
  • UMPQ – support @ 10DMA, p/b to 20DMA, broke resistance @ 12.50-12.60. Would like p/b to that level then past 12.80. Potential to 14.50-15.00
  • JAZZ – lighter volume, good pattern on daily, possibly a little stretched on weekly, broke resistance late in day, could make to prior support @ 9.25
  • CTXS – daily looks good, broke resistance, should wait for a p/b
  • PCX – looking like AA, needs time to rebuild for another day or two then b/o
  • LSCC – MAs in alignment. Stop @ 2.70. Look for move above 2.86
  • PWER – In big uptrend, but need p/b before getting in.
  • IO – b/o on weekly @ 4.00 (again similar to AF, AA) daily setting higher lows, b/o and pulled back to resistance, needs to clear 6.20 before looking at again (look @ 1min chart)
  • ARTG – b/o on daily on good volume, inverted H/S on weekly, could get to 5.25
  • SEED – breaking down below 5DMA, short-term downtrend, let it play out before making a move, week away from getting back above 5DMA (if at all)
  • NABI – not thrilled on weekly timeframe, false breakouts @ 5.25 could still be a possibility
  • CDE – below 50DMA, needs to play out similar to SEED, prior support @ 19.25 acted as resistance
  • TVL – more neutral than anything, watch out for stocks under 500K daily volume
  • TSO – rallying up to a declining 50DMA, neutral at best
  • BPO – broke past resistance, retailer on some momentum, getting ready for next leg higher, watch out for lower highs on 30min. Needs to make higher high, stop @ 12.18
  • MEA – pretty neutral D-list, getting volume on moves higher but no breakout, alert set @ 4.70 to watch, bullish consolidation on weekly
  • COV – PLC stock, so watch for gaps. Solid rally on weekly, small consolidation right now. Needs to clear 47.50 and increasing 5DMA
  • RHT – broke resistance on daily and weekly, not freshest b/o. Also good break on 30min, 29.50 should now be support
  • BZH – Recovery from support, somewhat neutral, still lower highs on weekly
  • CLX – Break resistance and pulled back to support. Currently declining 5DMA. Entry on today’s high, stop around 61.60.
  • X – In nice uptrend, such a big run so a bit extended. Would need p/b to consider better r/r on play.
  • OESX – Thinly traded. Nice b/o on daily with volume. Watch closely if it starts breaking down. Recent low on 10min as stop.
  • ICE – Choppy stock, too irradic to look at.
  • HW – Great b/o last week. Could have room up to 7.50. Look for p/b to 5DMA.