Looking to Short at 1.88500 just below the evenhanded Number 1.89000 Guyz look ofr Double top with rsi divergence with a good risk to reward , we got some febs aligning right on that resistance a tct trade
There is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060)...
Here is my chart from 9 months ago when TFM was in the low $30's prior to the run up over $40. I only added that TFM is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead. You want to buy these quality stocks when others are selling and when they represent great value. It's time again to back up the...
Walmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM...
Here is a nice graphic showing how to determine base count and when to combine bases into a single pattern. Sometimes its hard to know if it's a cup base or a double bottom, as in the case of the cup base #3 (Oct 2013). I had to go back and watch the EPAM video from Jan 10, 2014 to figure out where the proper buy point was. ibdtv.investors.com
Twitter is forming a great base for take off. The prior two bases yielded some nice gains and this one is setting up the same way.
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...
After 2-months range was resolved to downside, Gold was sold off aggressively from $1,300 to $1,240 where it found support. With wide, ignited, green candle 3-days consolidations resistance at $1,248 was broken and now gold is showing some commitment and building nice upper-level base in front of local resistance at $1,257.5. Break above could attract more dip...