Here is an interesting chart I created. 

  MONTHLY CHART

 60MIN CHART

     With $REFR I will be focusing solely on both triangle patterns, and price targets on a 60min time frame. The next upcoming weeks for Research Frontiers will be very decisive for the future prospect of the company’s market capitalization. $REFR at the moment is trading very close to the end of a secular Triangle Descending pattern that has been converging its primary trends from the past thirteen years. This pattern is in many instances recalled of being for the most part bearish, however it does not exclude the probability of undergoing a bullish breakout; if it follows through the upside we might see the start of a new trend for $REFR.

     The second image is based on a 60min interval; however, I only focus on the Symmetrical Triangle that is present at a shorter time interval. Nonetheless, there are many other levels that definitely have proven themselves to be uniform, as well as reliable (e.g., $3.56 - $4.18 - $4.52 – $4.91 -$5.00, etc.) If the price breaks the upper resistance, I would recommend placing a buy order a couple cents above the line (in case it was a fake signal) and seek for the 4.52 price target, placing a stop right below the upper trend line. The Risk/Reward ratio for this strategy is about 1:12 (the stop being very tight). In the other hand, if the stock breaks below the line with the rising slope, the price target would be the $4 dollar mark; we could even see price finding support further below, at the lower green line.

Alexander Schachter

Here is an interesting chart I created. 

• Use 50/20SMA as S&R levels.
• Careful with a breakout of the channel's lower extension(orange converging lines).
• 26.40, 26.30, 26.21 are important levels.

Alexander Schachter

Here is an interesting ETF chart I created. 

DAILY CHART

 ZOOM AT DAILY CHART

     XBI is a Biotech sector ETF that delves to imitate the S&P Biotechnology Select Industry Index. At current level a reversal may be brewing from the upper channel extension(purple line). Most likely will find support around $100.68, subsequently following the lower channel extension. If by any chance there is a downside breakout, the first price target I suggest would be the yellow line that acted as a past rising wedge; which I think is very reliable given the fact that price has bounced from it more than 7 times since 2009. If the selling pressure persists, the next price target would be around $96.45, and so on. The second image basically adds one more ascending line at the middle of both converging purple lines; serving as key S/R levels likewise.

Alexander Schachter

Here is an interesting stock chart I created. 

     Earnings are around the corner for $FB (MAY 1st),  despite the fact is going to play a dominant role on the stock's performance in the upcoming weeks, there are two major S&R levels worthy of consideration. The pattern has been ultimately contracting much closer, so I think we will see a very neat rally following the earnings. Some technical indicators appear to be bullish with odds in favor for a long position. The stock hit a bottom again at the $25 dollar mark making it the fourth time a major swing consolidates at given level. The 50 & 20 SMA are very close to a crossover; however, in shorter time frames, bullish SMA crossovers have already arose. Conclusively, both RSI and Slow Stochastic indicate a positive divergence, which might be a signal of an upcoming major shift in price.

Alexander Schachter

Here are some interesting stock charts I created. 

15MIN CHART

     JCPenney has been undergoing very hefty volume lately after former CEO Mike Ullman was announced to replace Ron Johnson. I am starting off by looking at a 15min chart of JCP. The stock closed the trading session today green at 14.86(5.46%). JCP tested R2 (14.83) of the Woodie’s Pivot several times; the 38.20% retracement level plays a bigger role indeed, having lent itself as great S/R multiple times in past months. The stock has had a very nice ride with the RSI, showing off good turning points at oversold/bought levels. Price has been converging lately with both oscillators, though if entering a position, I would advice placing a very tight stop on quote order, consequently of the oscillators breaking out, or predominantly, the stock crossing below 14.82 after all.

                                                                   DAILY CHART

ZOOM AT DAILY CHART

     This second part I expanded the time frame to a daily chart that I consider to be a prominent perspective of JCP’s previous months price action. I want to briefly highlight a few components that can serve as potential entry/exit price strategies. First of all I placed four separate trend lines, which altogether have been creating a price squeeze pattern at different levels; the next image is nothing but a much closer look at the pattern. The squeeze has been lately contracting much closer, possibly in the upcoming days, we may see a very aggressive breakout. As I mentioned before, the RSI has worked very well with JCP; even better if combined with 50SMA crossovers and Slow Stochastic confirmations. Conclusively, I would not recommend positioning against the trend at the moment. The chances of getting wiped out by prices pushing much lower are high, given the pessimistic outlook JCP has been receiving regarding the company not being able to meet its debt obligations in a near future.

Alexander Schachter

Here is an interesting stock chart I created. 

This is perhaps the best chart I have gotten through in the last week of March. First, I want to denote the horizontal trend this stock has been experiencing since early 2010 till mid 2012; consolidating sideways between the levels 59.22 and 68.12 developing well-built S/R levels. If you stop a second and focus at $PG’s price action, you will find plenty of chart patterns alongside with reliable trading opportunities. I included an upward Gann Fan (Redlines) to identify the trend and specific key levels between the 2x1(26.75) and 4x1(15) angles. $PG is at the moment very accumulated, having several technical indicators showing the price to be overbought; in my opinion I don’t expect the trend to withhold in the near-term. The two bold parallel white lines are two standard deviation channels, which roughly 95% of all data fall under these two boundaries. It is “expected” for the trend to reverse when price hits the lower or upper SD line. Finally, the two pink ovals serve as what I consider to be the price targets if the stock breaks below the rising yellow line that is at the current price of $75.51. In addition, $PG has a trailing PEG of 2.4, which indicates that the stock is trading at a premium of 29% from its 5-year average of 1.8, therefore making the stock very expensive.

Alexander Schachter

Here is an interesting ETF chart I created. 

To effectively use the Parabolic SAR trading model you have to be able to determine whether the price is trending; if not, this strategy won’t be of much help. The basic idea behind the indicator is looking for a downtrend being reversed to an uptrend and vice versa, by having the dots crossover the price. I adjusted the settings of the Parabolic SAR. The maximum acceleration factor is set to the predefined value 0.2 and the acceleration factor I changed it to 0.01. Is very common to see traders using 0.01, and currency traders using 0.02, however, I would recommend playing around and choosing a setting that better fits the trend and especially your trading style.  This first quarter of 2013, the Dow Jones ETF $DIA has incremented more than 11%, making investors a bit leery about the near term of the DJIA; all due to strong speculation – “either a signal that our economy has zoomed past the lingering aftereffects of the Great Recession, or evidence of a bubble about to pop, as CNBC wondered a little while ago.” I will pay close attention to its performance in the following weeks, and use the Parabolic SAR as a method to determine whether the trend is persisting or not.

Alexander Schachter