Two swing trade setups to take a look at

calvin hobbs lazyToday’s long setup comes from CNH Global (CNH). It has held up quite nicely despite the fact the market is 20 points off of the highs achieved from yesterday. There’s an ascending triangle that has formed and a break above and through it would signal a buy for the stock. 

On the short side, KKR & Co (KKR). sports a double top pattern that has confirmed and retested the underside of previous support and as a result, was met with rejection. 

I’m weighing at the moment closing out a long position and adding a short just to lessen my long exposure and hedge against existing positions. If that happens, I’m likely to do that with KKR as my short trade. 

Here’s today’s lazy swing trades long and short: 

LONG: CNH Global (CNH)

CNH Global Swing Trade Long Strategy

SHORT: KKR & Co (KKR)

KKR Co KKR double top swing trade short

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