$CELG 15 min – With all the market preassure, I highly doubt that $CELG will hold the 117.16 level. I think that under that level it is a good short.

CELG 15 min

$FB Daily Chart –  I almost shorted this one and it would eventually be a loss, but today is a different day. I will focus on the 20ma on a 5 min chart, once it fails, I will most likely take this one down.

FB Daily

$FFIV Weekly Chart – Gaping down big time. One can wait for it to bounce, and watch the 20ma on a 5 min chart. If it can’t cross it, just take it down. Most likely it will drop all the way down to 66.79. It won’t happen instantaneously. Got to be patient.

FFIV Weekly

$NIHD 2 Hour Chart – I doubt that it will hold above the 5 dollar level, but if it does, remember the 23.6% Fibonacci level is what i call the launch pad.

NIHD 2 Hour

$RDWR 2 Day Chart – Great short setup, again I urge readers to watch the 20ma on a 5 min chart since it will most likely bounce and test that level, again if it fails to hold this one can be picked up there and taken down all the way to 30 or more. Ultimate target is 27.36.

RDWR 2 Day

You Might Like

  • fading the gap

    Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • how to trade a bear flag

    How to Trade a Bear Flag

  • Technical Analysis vs Market Conditions

    Technical Analysis vs Market Conditions: How to Know What’s Affecting Your Trades