Trader Mike's Notes
My favorite chart among those on the "Top 50 Bullish" scan today... Oversold, bouncing (attempting to) off the lower Bollinger Band and the 50 DMA and a Bullish Engulfing candlestick.
I had buy orders in for this above 35.50 early last week but they never triggered and I got bored with it. The selloff today has put it back on my radar. Stochastic has now reached oversold and it continues to print the 1,2,3 and 1,2,3,4 Pullback signals...
Here's one of my post-earnings "Calm After Storm" setups that I like so much. Plus a nice collection of other signals...
There's been a bit of a battleground in this recent IPO over the last week or so. It's now reversed all of its breakout from last week and is perched right on (what should be) support from the mid-December highs and I like the 1,2,3 Pullback it made today.
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