One Long One Short
XIDE - The stock showed good momentum today despite the flat market. The stock has been rising the last few days on a rising support after a significant pullback to fill the gap. I expect the stock to pullback a little to test support at around 11.00 to 11.06 and probably form a cup and handle pattern on the hourly chart.
Here's the chart analysis on XIDE
JNJ - Short - The stock has a very nice bear flag that's approach the downward trend line resistance and 50MA. The stock is already struggling at the 30MA creating a double shooting star which seems to be very bearish. Look for a break of the flag for entry.
Here's the chart analysis on JNJ