Bullflag broke up to the upside with nice volume confirmation. A clear bullish signal. 6.18 % potential profit guys. who wants it ? : ] Also notice the confluence of the A'+ target (at 405) and the 1.272 expansion of the BETA leg ! That's kind of awesome :D
DAX has corrected 18% down and it is challenging to see it going lower but I still think this is what is going to happen: 1) Normal correction on the DAX are 10/14% within the lower degree correction. 2) Therefore it is not abnormal to see a 25% correction in total when SP500 has to correct 18%. 3) I am awaiting a correction similar to the one we had in...
Here we have a bull cypher pattern presenting itself.. Those interested, enter long at buy zone at your own discretion and using your own methods of confirmation.. Others may prefer to enter agressively at limit, just make sure you manage your risk accordingly. I chose 2 targets of my preference, moving SL to BE after locking profits at 1st target might be a good...
H&S target is not reached yet so I'm expecting another wave up. Buying blindly and looking to take profit this year. We might see prices around 50 in June, 2015
Looking to short SPX after this double top. Once the neckline breaks you have several opportunities to place short trades ... Target is the longterm channel bottom at around 1737. Taking first profits at 1845.
So far so good, everything is moving according to plan. We are seeing some more momentum to the downside again so I don't see much of a problem getting down to Zone 1. If we get a quick push up Should be another good entry. I am going to be cautious though since it is the 5th wave after the initial push down from 1.40 area. could get the retrace now and not at...
I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be...
If you don't want to gamble wait for a breakout.
Untouched chart from earlier in August. Low risk entry against "Key Hidden Level" support. Upside TARGET REACHED TODAY at $50 from $43+ entry. If you are interested in having these lines drawn for you automatically, try subscribing to the "Key Hidden Levels" at the "Marketplace Add-Ons" in the "Indicators" box on your chart. There are monthly rates and a...
It's always difficult to call a top in uncharted territory or see how long the trend will hold. The S&P index has been in a beautiful trend for quite sometime now and, as with any trend, new entrants may become increasingly more anxious of getting in too late. From the very simple analysis here, it looks like the index has some way to go before one needs to...
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
Hello All, after an excruciating past six trading days, BTC shook me out of my short position late last night on what was a classic 'head fake' move. Fearful of a winner turning into a looser, I micro managed myself out of a very respectable position only to watch it shortly thereafter go exactly to the original target (UGH!). While there is nothing wrong with...
We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1. The...
Annotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
With earnings right around the corner in July, SWKS has continued its' impressive run up. I have been following the stock closely since May when I entered at 43 with August calls. After hitting my first target of $48 and seeing my options more then double, I have taken half off and am allowing the rest to ride into earnings. SWKS continues to flex its' muscle and...