Market is looking quite bullish this morning after consolidating recent moves. As such, I will share some ideas into this Opex Friday.
I note several charts ready to break out to new 4 year highs. Among them refiner $TSO which has based out from last month's big move.
$DST can break 4 year high and is also in a lovely cup and handle formation with a bullish engulfing candle that came down to touch the 8-ema.
$ALJ - took a position in this yesterday, is also heading for a new 4 year high in this curved pattern.
A couple of other positions I took yesterday include $MTG which is ready to work its way into the volume gap after consolidating above the 8-ema.
I also took a position in $OSG which was pointed out to me by fellow SharePlanner-Pro chat-room member and great trader @Brysenp. Shipping is currently hot and this little shipper has a nice big volume gap to move into.
I am also watching $LTD after selling it last week for moving too slowly. It finally made a move and is looking to break out of longer term resistance with this ascending triangle.
High volume movers yesterday on watch for continuation today include $SQM.
..and $NIHD as it breaks out of this fry-pan bottom with a big move on massive volume.
A few more notables on watch today include $LGF, $APP, and $ZAGG.
Happy trading everyone.
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