Momentum Monday 11-10-14
Here’s some setups that have just recently broken out or are in the midst of a breakout that you should have on watch this week.
$BABA nothing to say here. Just straight up beast mode. Can’t chase, but certainly enjoy the ride if your long already.
$BEAV short setup that broke down today from multi-week support. Looks good for lower in this long term downtrend. I’m short.
$TUBE we got involved in this long on Friday after tagging our $16 trigger entry. Nice continuation today and looks good for further run into their earnings release which I believe is after the bell on 9/13.
$TWTR continued to stay weak and finally got that break and close below the round $40 support. In trouble here.
$WEN challenging long term resistance here at 8.50 and closing strong. Could be a nice winner this week.
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