Copper has also been rejected simultaneously. While this a weekly chart and a long term play, I expect the profits to substantial. Especially if the market admits a recession.
Unicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77 I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks...
We stick to our view, expressed on Thursday, when CMG cleared a small base and the 50day moving average at $405. I see next bigger resistance at $443, where the stock could clear an even bigger base. We are observing long-term reversal action with potentially more upside. Stay tuned!
VRX is offering a good buy opportunity for next week, after taking off from a sizeable accumulation base. We can buy signs of strength (a new high, or the day turning up above the previous close). We can also look into buying on retracement to support at 34.92. Keep stops below 33.35 and if we open with a considerable gap up, cancel the orders and stand...
Looking to Short at 1.88500 just below the evenhanded Number 1.89000 Guyz look ofr Double top with rsi divergence with a good risk to reward , we got some febs aligning right on that resistance a tct trade
There is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060)...
Stop just below support. First target with a risk/reward 2.15. Second target at 100 DMA.
Here is my chart from 9 months ago when TFM was in the low $30's prior to the run up over $40. I only added that TFM is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead. You want to buy these quality stocks when others are selling and when they represent great value. It's time again to back up the...
Walmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM...
Here is a nice graphic showing how to determine base count and when to combine bases into a single pattern. Sometimes its hard to know if it's a cup base or a double bottom, as in the case of the cup base #3 (Oct 2013). I had to go back and watch the EPAM video from Jan 10, 2014 to figure out where the proper buy point was. ibdtv.investors.com
So questions for discussion would be... comments please... 1. What was the proper buy point? 2. How big of a base is still valid? I wanted to get in on this company, but it looks like good time to wait until it returns to a normal level. $12.50 to 15 is about how far it should fall and still be considered likely to resume in the uptrend, but of course it...
SIGA breakou of base. picked up by www.breakoutbucket.com testing base screener
Twitter is forming a great base for take off. The prior two bases yielded some nice gains and this one is setting up the same way.
Nice daily base, high short interest, strong relative performance as of late. LULU looks ready.
After wedging for 6 months, WFM may finally be ready to go. With a base as large as this, a little bullish action could result in a pretty significant move.
This is a perfect technical long play. Classic O'Niel. After testing 100DMA&Resistance the stock broke out from a flat base on big volume. Use 50DMA or 25DMA as your exit signal. Let it ride until the momentum is over.
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...