NSE:AUTOAXLES Automotive axles has been hitting new highs and is the stock to watch out for, in near short term will hit a new high. Arrows depicted.
Disclaimer: For education purpose only please consult your investment advisor before investing.
I just learned about Elliot Wave so I decided to try and apply it to Ford. See my immediate preceding two publications for a more in depth analysis of Ford. The very top resistance line I drew (the number 5 spot at the top of the wave) is based off a resistance from about a year ago--December 09, 2016 and January 04-05, 2017. I plan to wait for a bounce off the...
U.S. financial stocks have been in pullback mode this week despite the SPX moving higher. Considering that financial stocks had been a big boost to market gains over the last several months, this could be concerning.
The XLF is down about 3% - and regional banks KRE down 6% - since the recent top. Let's put this move into context, shall we?
As MacroView as...
Allison Transmission (ALSN) is one of the worlds largest transmission manufacturers. The company has recently developed a new transmission model that helps to improve fuel economy. The company is set to release its 3Q earnings Monday, Oct. 30 with a conference call on Tuesday, Oct. 31.
US car production is coming off of its low back in 2009 and has increased to...
Short term bull flag forming in F. A break of the upper channel results in a quick move to Target $12. Current cost basis $11.72. Confirmation below channel = negated pattern.
Hello Traders,
I have been fiddling with the idea of applying the same model used to predict Financial Markets to Economic Data.This is my first attempt at applying the model to such data publicly. Consider this post an experiment.
Taking into consideration some fundamentals (and a little bit of rationalizing); Since the auto industry bail outs of 2008-2009...
Hey, mates. at market bat pattern. Stop is red line, target is green line.
The pattern was found with my PatternSearch software tool (c). Watch this video to see how it works: www.youtube.com
Contact me if you want a copy of it :)
Technicals are screaming for a H&S it seems :)
Not a bad place to buy the breakout for a last-fart rally before it gets dumped down to 120~150 (sweet spot)
T/P: 250~263.87
Entry: 206.23
S/L: 192.28
