5 trade ideas to keep you interested in the long side
It’s been a tough 7 days of trading for bulls in 2016 but after today’s late day rally and successful hold of the prior two day lows, we may finally have a short term bottom to work against (not a claim that the bottom is in).
Here are 5 standout names that are holding near highs in actionable patterns despite the broad market carnage this year.
$ULTA a weekly close over 187 would be a strong breakout and trend continuation signal.
$HRS is a name members and I got long at 88.48 earlier today. We’re looking for this breakout to continue tomorrow towards $90 to scale some profit.
$RIVN couldn’t quite hold onto all of it’s gains over $17 today, keep an eye on this tomorrow.
$FIVN not a convincing breakout candle today but certainly looks poised to move. Another one to keep on close watch.
$CLX breaking that descending trend-line today but still below that 129 horizontal resistance. In motion but could use further confirmation.
These are the types of names and patterns we find and trade every day. If this is something you would like to learn more about or participate in on a daily basis then consider our premium membership.
Enjoy what you read? Share it below and be sure to tag @thetraderisk.