Two long setups to show you today for swing trading
I am going off the beaten path today and providing two longs instead of the split between a long and short setup. Both of these trades look solid, but we are probably at a point where we want to see some kind of pullback in the markets, even if it is a quick one of 4-5 points just to provide a breather since we are up 5 straight days.
The first setup comes from Gardner Denver (GD) which is showing a continuation pattern form in the shape of a triangle. The range is tight and at the highs which adds to the thesis of the bullish argument.
The second setup is Banco Santander (BSBR) which has a nice double bottom that is very close to confirming just above $7.00. This is the stock that once it starts moving can rip off some decent sized gains on a multi-day basis, but of course you have to take on the overnight risk of a low-dollar stock as well.
Here’s the lazy trade charts for the long setups.
Long: Gardner Denver (GDI)
Long: Banco Santander (BSBR)
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