$RUT Resistance line; RSI(14) trendline resistance; Stochastic (5,3,3) bearish divergence.
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time. Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
What we have here is a dual lane divergence this is the 60 min chart but there is even a better Lane divergence on the Daily chart this is like spotting a white buffalo very nice and excited to be in this
Price action close on Friday should lead to prices retesting the 13.50s. We have a solid support level along with some bullish momentum divergence. We also saw volume increase as prices faded back to the opening prices of 5-21. Institutions holding this stock would not want to see it break back below 11.00 from here, but you should give yourself room below this...
Descending triangle on the weekly with bearish divergence. Will be watching this closely as I believe USD is gaining in strength against most other currencies, doesn't mean it's impossible to see a break above but overall I'd much rather sell rallies on this pair.
Historically this took some steam off the run, giving a good entry position. Although RSI top is not lower, it is not higher while the stock price took a decent step up on lower volume. Short term small pullback may be in play to the previous resistance
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again. EURUSD has a very good support at 1.3600/10,...
RSI and MACD are both diverging at oversold levels. LTC/USD is ready to move as well making this the perfect storm for LTC.
Friday saw a huge institutional volume spike on a shortened trading day. This came at great support for YOKU and we have very clear bullish momentum divergences on the stochastic and mac-d histogram indicators. Of course, the bullish pin bar that developed due to this strong support bounce is confirmation that this stock is poised to go higher from here. I would...
No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
Okay, so this is not Bitcoin (har, har) but the reason I did this was I was curious as to what my other investments were doing. As it turns out there was a very clear trend channel that formed while I wasn't looking for I think 2 years (yeah, set and forget investment LOL). StochRSI divergence means there is going to soon be some type of break in the trend it...
I'd like to see some bullish Knoxville Divergence on EBAY, and then buy the sh*t out of it, or sell some puts, or buy a bull call spread. Also, I am looking for a new oboe teacher. Mine was abducted.
Friday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking...
Will ECB take any action today and bring the euro down, or will let it burst above 1.4000. From the technical point the price has drawn a Rising Wedge which broke the down trend line. This along with the negative divergence on the 28 periods RSI give a strong sell signal. A break below the lower line of the pattern would be a good confirmation for the signal. If...
Wheeler, RBNZ chairman, said that the kiwi got strong despite New Zealand's fundamentals. A strong NZD could bring problems to the country's economy and the central bank might start selling some $N. The currency reacted pretty fast and fell back under 0.87. From the technical point of view we can see a very good resistance at 0.8743 and a negative divergence on...
Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...