Here again we see a good Consolidation And what we would like to do is to just sell again
CMb : Consolidation
Direction : Downward
Why : Resistance Supporting with Candles
target : 1.33
stop : 1.3373
New channel
The price has once again reached a key level on a weekly time frame: at the price of 1,127 a static support has formed, which tends to bounce the price and keeping it within this channel, with resistance at 1,146.
Very short, short and medium term
The trend remains bearish in the short term, while in the medium term it continues to be strongly...
Be careful If you are trade in American stock markets because the Dow now in dangerous zone (PZR) of the bat pattern and The Relative strength index broke the trend line.
After the profit of the previous LONG trade it is advisable to trade this asset in the same way from this level: as long as the support area of the 2.70 $ holds, the trend remains lateral/bullish. The fundamentals elements are in favor of an uptrend as a new wave of cold is expected and this will influence stocks that will drop significantly. The target zone...
British American Tobacco (JSE:BTI), is one of the top 5 tobacco companies in the world, owning popular tobacco brands like Palmal, Kent, Lucky Strike Dunhill, Kool, Benson and Hedges, Peter Stuyvesant and Rothmans. With its headquarters in London, BAT has global operations in more than 180 countries. BAT shares are for sale on the London Stock Exchange and have a...
NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13.
Stop-loss: $37.78
For safer entry, a break with confirmation above $40.47 will give a better risk reward.
A break below SL will nullify this bullish take.
On the weekly, $AAL has fallen out of the channel. Currently I have 2 support levels that might hold. The head and shoulders might also be at play now. Most likely the lower level will be hit.
Some key hints of forward progression here in the charts reflect the financial reinvestment of self happening with the company. Over time they will grow with the market.
Novice opinion of company's future. This company is shifting towards forward movement. Investing in itself to expand and find more of a niche in the market.
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