2 hours ago
Gold has shown tremendous strength so far in 2014. After breaking two significant resistance lines going back as far as 2012, gold has run up over 13% since the final days of 2013.
And with the global monetary system printing over 10 Trillion since 2006, the long term price of gold is certain to continue rising long term. However, for the short term ahead there is a good possibility of diminishing strength in golds run up since January.
Solid support exists 11% to the downside, but the next significant resistance exists less than 4% above from 1412 to 1430. Traders don't see an attractive risk to reward ratio and are currently entering short positions on gold.
After a minor move downward watch for renewed strength in the gold price with short covering as the larger bull trend continues in the price of gold.
5 hours ago
The Euro had a nice rally after breaking 1.38 again. I expect for it to be pushed a little higher, slightly above 1.3900 before a correction back 1.3820. The NFP is coming and everything is possible...take it as an opinion :)
6 hours ago
spx long term channel working well..with negative divergence ooccuring...it looks we may shift gear in near term
6 hours ago
Notes on chart - Long term bull short term bear.
15 hours ago
THE ANGLES IN DEGREES ARE OVER THE LINES. If you take the price/bars = y/x and arctan y/x gives the angle in degrees. Now take the y/r or price/distance and the arcsine of that ratio gives the angle in degrees also. The arctan and arcsine degrees agree.
Also if you take 6 radius legs from a circle center to the circle itself, they measure the same distance...another test of a 1:1 scale.
Check out the angles and their spread differences. It may help to know how to set up a pitchfan for angle ratios and the spreads between the angles.
You would think this symbol would be totally random in nature but it shows the same attributes of other stocks and currencies that have been rigged geometrically.
Hope it's useful for those that use angles or distances for arcs. These distances can also be used with a circle and it's center. No need for elliptical shapes if I'm correct.
16 hours ago
Just like the USDJPY chart last week, where I thought this is a big correction coming up, it turned out to be a lttle correction. Or maybe its a Fake Out, Shake Out and soon to be Break Out... Who knows, we have to take each trade 1 day at a time.
However, the USD DXY chart looks like most pairs are giving up on the strong $, so if NFP comes in with bad numbers QE 4 ever may kick in again.. Again, who knows > ????
For now traders are trading a break down of a trend line, some of us will be looking for a pull back to short again.
16 hours ago
Several indicators are lining up, I'm suspecting a possible 25+% jump within the next two months. Based on Technical indicators. The fact that the CEO resigned will play into the chart and I suggest setting a more loose stop loss to account for this.
RSI is approaching support.
Momentum is approaching support.
Accum/Dist. is at support, waiting for next rally.
Price Target: $7.10 (32% gain)
Stop Loss: $4.90 (8% loss)
17 hours ago
ELNK is at the bottom of its downward channel with MACD/price divergence, recently. MACD and alligator showing buy, stochastics should show buy, tomorrow. Once it breaks through key resistance at $4, look for it to head to the top of this minor channel at around $4.50.
17 hours ago
I love the fundamentals for this company and have been watching it for 1/2 a year. Their net income has recovered back to levels where they were at $16 a share... No one knows about this company, and they don't release much news. They have such a low float and could take off with a little bit of awareness.
17 hours ago
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, TSL has beaten estimates by at least 175% in both cases, suggesting it has a nice short-term history of crushing expectations.
17 hours ago
Price has traded the minimum target of the larger
AB=CD the 61,8 fib of CD leg. A close above
could accelerate move up to confluence WeeklyR2/
Monthly R1 and completion of Minor ab=cd
Which is also the 76,4 fib of large CD. Bounces could
be bought aiming for major target at 1,4073 and
completion of Larger AB=CD. Ultimately , if this is a serious
move, the Yearly R1 is targeted.
18 hours ago
First of all, let’s analyze the technical indicators at this point. A bullish pennant pattern has crossed upside a few days ago. Making a nice room to go all the way up in the future months and why not years as you see the graph indicates that in 2009 a downside support has reached in 2010 a high point for our downside pennant pattern has reached that has been coming down until this year that both high point and downside point has crossed recently to make an upside way to a higher level now this indicates that a positive upside trend can continue in the future months and future years.
From a fundamental point of view, this company has several properties in Peru and one in Ecuador, which has already started producing oil so I would not call at all a junior oil and gas company I rather call a producing company with some exploration properties yet to extract oil. Most of the properties already have started producing oil and gas and the rest have demonstrated that there is abundant oil from engineer studies that’s why it has already seduced to Pacific Rubiales which made them to come in a joint venture agreement. So I do not think there is any risk if we talked about financing. Another issue you may ask is how stable is Peru right now, I think it is in a good shape even with a leftist president, he knows that this is the first American-Peruvian private company extracting oil in their land so he would protect it. Also, its GDP has grown in the recent years and have been going in the right path. Another fact is that the zone is rich in oil and gas and they can easily sell to his state-owned client PetroPeru then no risk for me. Bpz can have a big potential to develop more projects in the future. It’s also good to say that they have a gas to power project, which I personally like because it can make even more money.
Now why the company was downside, these last years? That’s because investors have been afraid of the company getting short in money since this company has been spending a lot of money in infrastructure and engineering expenses, but that’s normal for a “junior” company, but as I said I would not call on all junior companies and also investors have trusted the downside pattern because technical indicators have also proved the downside having a downside flag as a pattern but that has already come up to the end as the graph shows.
In conclusion, I see that BPZ has a great room to go up fundamentals and tech indicators shows that so long investors can see very real money even traders also can benefit is an upside trend for traders and long investors. When the company starts produces 100 percent in all of their properties, then I would see a real price there for this company. I guess my analysis is similar to several firms that have upgraded their giving relative high target prices.
http://files.shareholder.com/downloads/BPZI/2981521376x0x730688/48bf4a0f-8d92-4255-8749-33e2425dbe0c/RJ%20March%202014%20Presentation%20Final.pdf (COMPANY PRESENTATION)
http://wsw.com/webcast/rj89/bpz/ (CEO SPEAKING AT EVENT -LATEST)
18 hours ago
Multiple rejection at support level within the overall sideways bias, a bullish trade with a very attractive risk-reward
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game
21 hours ago
AAPL is trying again to break out of its current slump. The first attempt failed even though the 8 day crossed the 15.
This second attempt is the same scenario. It is near resistance and the 8 day recently crossed the 15 again.
Volume is low so keep stops tight if you are going long. I would think 527 a good short-term support for this possible push higher.
3/6 b4 close
22 hours ago
Anytime a trader or investor looks at a stock chart they should look to see if the instrument is making a new high, or a lower high. Continuous lower highs are a good indicator that further weakness is ahead for the equity.
Earlier today, the leading mining equipment company, Joy Global Inc (NYSE:JOY) reported earnings. The stock is trading higher by $1.91 to $57.73 a share. While this pop in the stock seems great in the near term the weekly and monthly charts are signaling a move lower. You see, the larger time frames have a series of lower highs on the chart beginning with the April 2011 top. Anytime a trader notices lower highs on a chart they must assume that the stock is ultimately going to trade lower before making a final bottom. According to my calculations, JOY stock has downside potential toward the $37.00 area before making a significant low. Now please understand, this does not mean the stock is going to decline today or even next week; the current chart pattern just tells us that the stock is ultimately going to trade lower. Therefore, as smart traders/investors we need to be prepared for that move.
Other stocks in the mining equipment sector also have lower highs on the larger time frames, so this chart pattern is not specific to JOY only right now. Leading mining equipment stocks such as Deere & Company (NYSE:DE), and Caterpillar Inc (NYSE:CAT) are forming the same exact pattern on the larger time frame, these stocks are just as susceptible to lower prices in the months ahead.
We will be taking positions in these stocks and more when the time is right. Members of our swing trading/investing Research Center will be alerted of this when it happens, and we will be trading these stocks live during the day in our Intra Day Stock Chat. Try out both services right now for 7 free no obligation days.
23 hours ago
short after triangle base break and close below(possible rebound from triangle base). Iam not harmonic trader, so not sure with the gartley pattern(upper fibo should be 88 for perfect gartley), but the triangle target supports this pattern.
23 hours ago
$SPY $DXY $OIL