CBAY: Stock remains in a strong up trending channel. After trading as high as $9.25 it has pulled back and held support around $8.00. It is at the lower edge of the channel and traded back above the moving averages. Today it was up sharply to $8.92 closing at $8.73. It needs to get through $9.20 and if it does then $10.00 and $11.50 are the price targets.
CONN: Stock broke out today above a basing pattern and traded as high as $32.00 closing at $31.30. It did break through the top channel line and I would look to go long over today's high with a price target of $35.00. Short ratio, 9.8 days to cover. If the stock keeps going we could be into a short squeeze.
COOL: Stock has built a long descending channel in here and is trading at the bottom of the longer term up trending channel. If this stock should break out to the up side of wedge it is forming I would look for $30.00, $35.00 and $40.00. Short ratio 3.6 days to cover.
NTNX: Earlier this month the stock broke out through lateral resistance at $25.00 and traded as high as $27.50. Today it broke through a double top at $27.50 and traded as high as $28.50 closing at $27.95. I would look to go long over today's high with $30.00 and $32.00 as price targets. Short ratio, 4.9 days to cover.
SFUN: Stock has come down from $20.00 and looks to have made a reverse head and shoulders pattern after trading as low as $2.50. In September, it broke through the neckline and traded as high as $4.75. It has been basing and now is approaching back to that high trading as high as $4.55 today closing at $4.54. Through $4.75 and we could see $5.50 and $6.50. Short ratio, 7.9 days to cover.
I enjoy reading your posts. They are very good. You love NTNX.!!!!.. I work in equity research and cover NTNX.. I know you trade charts, but few week back when you sold NTNX for a loss, i said you shouldn't sell as every broker has long rating except MS. The stock is still cheap at 4.4 2018EV/S. It very cheap for a company that grows 50% next year. but i wouldn't hold it during earnings as the stock went up from 14 in last 4 months.
Yes, it happens. Sometimes the charts don't tell the whole story or read it wrong.
http://bit.ly/2oZVJz7
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