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Tuesday, March 17, 2015

Trade Ideas for Wednesday 18, CSLT ARNA JKS TWTR STLD DDC

Dear Followers, Readers and Traders
Before seeing the charts bellow, i just want to telling you that in the next two days will take place a fantastic webinar " How to Profit from Options Spreads: Profiting from Low Risk Options Spreads " Presented by Nicolas Chahine, Editor of Create Income with Options Spread! It´s FREE ! Reserve your spot now because its Limited seats! Worth watching!! Click here and enjoy !! Cheers

Castlight Health, Inc.
CSLT ---> Shorts will have problems if it break above its 50EMA tomorrow! Castlight made a strong trade session with decent volume! It counts with a 55.83% of short float and technical indicators are not on their side! Chart shows that it crosses a great Momentum! The price seems well supported by its Bullish ADX Crossover, also, Buying Pressure is high and its powerful MACD is giving a strong buy signal! RSI on its side, is in a comfortable buying area! We have here a strong Candidate for a Short Squeeze and of course, a Potential Upside Runner!! Long Idea over $8.60


Arena Pharmaceuticals
ARNA ---> It made a strong breakout on volume in last trade session! Now, it is setting up for a upside movement into its Second Major Resistance, or $5.38 level! Technically, ARNA is looking great, with its Bullish ADX and MACD Crossovers, giving strength to the climb, Buying Pressure is strong and, i like very much of its 20EMA, which is crossing up its 50EMA! Great Bullish Signal too!! Long Idea Over $5.07

Jinkosolar Holding Co.
JKS ---> I was waiting today for a break above its 200EMA and above its First Major Resistance! Well, it made it and is now, testing its Trendline Resistance! Tomorrow, I will try to catch again its great Momentum and watching for a breakout over $24.72, and then, a run into its Second Major Resistance, or $25,87 level!! The trade session of today was made under heavy volume and all technical indicators are giving strong buy signals! Worth Watching 

Twitter, inc. 
TWTR ---> This setup is on the verge of a strong upward movement! It is forming a solid base above its 20EMA, which is looking a strong support for while and technical indicators are showing an increase of its Momentum! I would like to show you one of this indicators are the Golden Cross, that its 50EMA is crossing up its 200EMA! Strong bullish signal! Another indicator is its Fast Stochastic, which becomes bullish crossover, giving so, a strong buy signal! Twitter is warming up and a Breakout over $47.72 can happen already tomorrow! Keep closely

Steel Dynamics, Inc.
STLD ---> It made a nice trade session crossing up its 20EMA with decent volume! I´m watching now for a break above its 50EMA and a Potential Upside Run if do that! The price is showing strength as you can see by its Bullish ADX and MACD Crossover! Also, its Parabolic Sar is giving buy signal too! STLD is gaining Momentum! Keep closely

Dominion Diamond Corp. 
DDC ---> Potential Breakout to watch over its Trendline Resistance and over $17.25!!! Volume is high and bullish, Accumulation is strong as well its Money Flow and i like too, its Bullish MACD Crossover! On radar
 

Disclaimer

All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade

Regards

FonsieTrader