Some remarks on the price evolution of CS
Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it ...
Apple INC LONG
Even doe its end of month
I see apple is sitting on current support and has more to go upwards before coming down eventually.
4H and pm Daily LinearReg CH flat
Support in the bottom
Best Of Luck and Happy Trading!
If CHS gaps below 16.59 consider using the Retest Gap strategy but watch out for 200sma on daily. If it gaps above 17.39 consider using the Gap N Go strategy. To get a free and complete trading education go to www.RealLifeTrading.com
1) ADX is giving a very strong bearish signal here that a downtrend is emerging
2) Price has consistently rejected the 20 day simple moving average
3) Price is incredibly weak on a very strong market day
4) RSI is not oversold yet so timing for a short is reasonable
5) MACD has not crossed down yet so ...
After yesterday earnings report the shares trade +8% after market. That, on fundamental side, is solid proof for good company performance. Moreover, on the technical side the picture is supporting that perception.
Based on the seasonal pattern GOOG has just started new bull leg, which usually lasts between 3-6 ...
Google's seasonal pattern suggests that the stock usually bottoms out in mid summer. As seen on the chart probably that move has already began.
This chart also shows some more interesting patterns. Bull runs usually last 3 to 3.5 months and bring some 32-39% returns, while corrections are not deeper than 16-17%. ...