$SPY Price Target $240.66 at close on 5/11/2017

$AMD Price Target

$AMD should close the week at $11.03 with a High of $11.03 by the end of the week.

$AMD Weekly Chart

$AMD Weekly Chart

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$FIT Tomorrow will be decisive

The best matching pattern shows a gap and go situation. In this case we may be talking about an open around $6.30 with a $6.80 price target (see my previous post What to expect next)

$FIT Daily Candlestick Pattern

$FIT Daily Candlestick Pattern

In the last few days $FIT has traded in a “bull flag” pattern any break and close above the channel is very bullish and any close below it will be followed by a substantial drop.

$FIT Daily Chart

$FIT Daily Chart

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$FIT what to expect next

$FIT Daily Chart

$FIT Daily Chart

$FIT daily chart is becoming more bullish as the price reached a new high last Thursday May 4th. On Friday the price pulled back with an expected bottom around Wednesday May 10th with a close at or above $6.12. In the mean time I am expecting the $5.86 gap to be closed on Monday May 8th. It is very important that the price closes above the line highlighted in yellow in the next few days. If the price closes below it we will probably see a pull back to the line highlighted in red which should constitute a strong support level. After the pullback (phase 1) we should see the price climbing back up with a $6.80 price target at close of Thursday May 11th session.

$FIT Weekly Chart

$FIT Weekly Chart

In the weekly time frame the price has broke out above the channel’s upper line (highlighted in green). If the trend continues up we should see the week of May 8th close at or above $6.41 if the bears succeed to pull it down we will probably see a retest of the line highlighted in red within the next two weeks with a close price at or above $5.60 on Friday May 19th.

$FIT Monthly Chart

$FIT Monthly Chart

The monthly chart is showing the price targets for end of May, June and August.

 

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$FIT no reason to panic longs! 5/5/17

Longs should have no reason to panic unless $FIT closes below $5.86 today. the up trend channel is still intact. we will probably see a gap fill and move up again to close the month above $7.

$FIT Daily Chart

$FIT Daily Chart

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$FIT Daily Candlestick Analysis 5/4/17

The least I can say is it is irresponsible to short at this time.

$FIT Daily Candlestick Analysis

$FIT Daily Candlestick Analysis

$FIT Daily Projections

$FIT Daily Projections

Give me $7 tomorrow!

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$FIT Daily Candlestick Analysis 5/2/2017

$FIT ER Risk

$FIT 3-step analysis what to expect next

All right folks! today was painful for the $FIT longs but things are about to change next week. let’s take a look at the candlestick patterns first. The report is showing a 89% probability the stock will bounce back up next week. You can look at the best matching pattern, it is showing a sizable jump.

$FIT Weekly Candlestick Analysis

$FIT Weekly Candlestick Analysis

Let’s take a look at the weekly chart. The bears barely managed to close the week at the red descending resistance line which also coincides with EMA-8. I will be watching any action above the red line as a very bullish sign.

$FIT Weekly Chart

$FIT Weekly Chart

Now let’s see where $FIT will be heading if it breaks out. On a monthly basis $FIT closed inside the channel again which is a bullish sign at least for the short term. the price target by the end of May 2017 is around $9 but any run up may cause a short squeeze that may take the stock price to $12.13 (red line on the monthly chart)

$FIT Monthly Chart

$FIT Monthly Chart

Good luck to all of you longs and have a nice weekend.

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$AMD Weekly Projections

$AMD Any close above $13.37 on Friday 4/28/2017 is bullish. the chart speaks for itself; $AMD needs to break above the descending channel for a bullish case.

$AMD Weekly Projections

$AMD Weekly Projections

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