Today, I’m going to post some charts on a few trade setups that I’m focused on and which may provide a trade or two over the coming sessions. One of my past stock analysis articles was about my short position in Amazon.com, Inc. (NASDAQ:AMZN), which has now reached a level where I’m neutral. Below you can find the stock charts I’m looking at.
Amazon.com, Inc. (NASDAQ:AMZN)
Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF (NYSEARCA:ASHR)
Looking to trade the upward sloping wedge. Bullish as long as price is above the lower boundary.
Gilead Sciences, Inc. (NASDAQ:GILD)
Bearish as long as price is below $80 inside the downward sloping wedge. This stock could be traded at first on the bearish scenario for a push towards the lower wedge boundary and could also be traded on a bullish scenario if the wedge is broken upwards.
Amphenol Corporation (NYSE:APH)
Rising wedge, waiting for $65 to be broken to take the short side and target $55.
Macquarie Infrastructure Corp (NYSE:MIC)
Has broken the bullish channel and expect to see it reach low $70’s at least as long as price is below $82.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ)
Bullish as long as price is above $29.49.
These are just a few ideas. Thank you for taking the time to catch up on my thinking. All of my trades including US stocks are sent through sms to my subscribers. You can also read our past results here.
Note: This article is written by Alexandros Yfantis and was originally published at trading2day.