Originally published on TheTechTrader.com.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
TraderHR Stock Picks
Gulfport Energy (GPOR) yesterday broke out of a bullish flag that has been a pause in its steep, more than 50% upmove in October. A break of 34.11 would conform continuation of the trend, with a target area of 35.93 to 36.96.
Iamgold Corp. (IAG), which has been flagging this past week after a sharp move the previous week, yesterday broke through a double-top in the 22 1/4 area. A move through 22.52 should lead next to a target zone of 23.04 – 23.43.
Originally published on TraderHR.com.
Charts of Day (by Harry Boxer)
Originally published on TheTechTrader.com.
Chart on RHT (by TraderHR)
RHT our top pick for today. As we noted last night: RHT is approaching double-top resistance in the 48 1/4-1/2 area going back to December 2010, closing Wednesday up 1.77 to 48.23. A breakout would look definitive if it gets through 49.00, taking the stock to a new multi-year high and positioning it for a target of 50.54 and then 53.97.
Originally published on TraderHR.com.
Chart on Oil (by Mike Paulenoff)
Based on my intraday pattern work, nearby NYMEX Crude Oil should roll over again and press towards 90.10-89.80 next. Should such a scenario unfold, then I will be interested to see if oil closes beneath 90.55, which its 200-day EMA. That level was hurdled on Monday, but violated again on the downside today (perhaps).
Furthermore, let's notice that oil has come off sharply from its confrontation with the upper channel resistance area at 94.50. The power of the weakness since yesterday suggests strongly that oil could quickly traverse the width of the channel — into the 88.00-87.50 area — before we see a resumption of buying interest.
Originally published on MPTrader.com.
