Monday, March 23, 2015

Trade Ideas for Tuesday 24, RYI, SODA, CENX, FCX, ESI, CHK

Ryerson Holding Corp. 
RYI ----> After the fantastic trade session of today is more than fair that we watching tomorrow for a break above its 50EMA and a continuation of its rally! The Momentum is strong and it has a huge upside potential! RSI is in a very comfortable position, its rising MACD and its Bullish ADX Crossover are giving a strong support to the price and its Parabolic Sar is giving strong Buy Signal! A break above its 50EMA will open a great room to climb! Long Idea over $6.94

SodaStream International Ltd.
 SODA ---> Is showing a strong Momentum after it crossing up its First Major Resistance and its Upper Bollinger Band with decent volume! Tomorrow, i´ll be watching for a possible breakout over $20.61 and a upside run into its Second Major Resistance or $22.25 level! Buying Pressure here is very strong, which means that buyers are in charge tightly! It is also a Gapper Candidate! Worth watching

Century Aluminium Co.
CENX ---> Century Aluminium has reached the bottom and is now giving signs of a possible bounce movement! The price that has been extremely oversold, is now preparing to leave this area! In addition, its MACD and its Fast Stochastic have become Bullish Crossover and, with Parabolic Sar, they are giving a strong Buy Signal! CENX is gaining Momentum, and we may have here a great buy opportunity

Freeport-McMoRan, Inc.
FCX ---> It made a strong trade session with high volume crossing up its 20EMA! The price is showing power an a break above its 50EMA can turn it in a Potential Skyrocket! Technically, the price looks strongly supported by its bullish ADX Crossover! Plus, its MACD is curling up and its RSI, which came back to buying area, are both giving a nice Buy Signal! I´ll be watching for a test to its 50EMA tomorrow! Stay tuned

ITT Educational Services Inc.
ESI ---> Broke above its Falling Wedge chart pattern with high volume and is testing now its 50EMA! If break it with volume, so we have here a Big Short Squeeze Candidate, once it has 43.84% of short float! Buying Pressure here is high and its RSI is giving a nicely Buy Signal!! Stay Tuned

Chesapeake Energy Corp. 
CHK ---> The price has reached a bottom and is showing signs of a potential recovery! It made a strong trade session with high bullish volume! CHK is leaving now from its oversold area and is counting with a nice Bullish MACD and Fast Stochastic Crossovers, which, together its Parabolic Sar indicator, are giving a strong buy signal! We have here a Breakout to watch over $14.24 and a Potential Upside Runner! 

Disclaimer

Here's a friendly reminder: all charts shared here are powerful tools based on major technical indicators. However, it's crucial to remember that stock suitability depends on your individual strategy. 🛠️ I must emphasize that good stock performance isn't solely determined by technical data. 💡 As always, trade cautiously, and I cannot be held responsible for any trade outcomes. Remember, I'm not a financial advisor.