Bank of America lags behind the market, ant usually that indicates some weakness. Key level in this action is $15.30, the breakdown of which previously led to a drop to $14.85. Now it acts as a resistance and underneath a bear flag has been formed, breakdown of which will attract more sales. Potential entry points are marked on the chart with orange bands.
The enterprise software company's Q2 earnings met analyst estimates, and ServiceNow raised its revenue forecast.
But ServiceNow stock was down.
Technically we had wide wedge that gave good buying opportunities with reversal candles (check my long ideas in the links below). But fow now, stock resolved its indecision pattern to downside on increasing volume....
ORCL is in a bear flag. but with that being said the chart is in an overall uptrend. Enter as the trade breaks out of the trendline then add once more conformation is gained when each decending high pivot is broken shown by the brown lines. These failed bear flags when triggered to the upside tend to retrace the down move about 80% giving us our target of around 42.35
This healthcare company forming best opportunities and shlwing relative weakness on weekly and daily charts.
Recent top was at $72, then it broke down and now if flagging near moving averages. I will be waiting for trigger. break down of this minor channel could give us good Risk/Reward entry with stop above $70.00. Add on break of $69.12. Partial take of profits...
This biotech company was sold off aggressively off the highs but caught buying momentum and covered part of those losses. It penetrated a bit higher then the bears wanted. Nevertheless, 8/21 EMA are hit with today's candle as well as trend line. And it triggers Short Entry below $164.00 with STOP above last swing high at $172 makes this trade attractive from R/R...
Whirpool sitting on its 200 EMA , below all key moving averages.
It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support.
I put...
Looks bearish here as it could be forming major macro bear flag/pennant pattern and if it breaks 121-122 zone w/ volume then it could test 95-98 zone for the extension of the move & this could happen in the next few months.....it looks like the major line or zone of support is around the 90 level which would be around 900 or so actual Gold price.....this area is...
On Daily chart pair entered into consolidation after move up on QE form BoJ.
On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target...
ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance.
Today ACAD triggered ENTRY short below consolidation support at $19.00ish area.
TARGET is April's low at $15.58
STOPs above 21 moving average
H4 charts has a nice bearish flag with price having broken it. Gives a target to 0.856... the same region that forms a longer term base. I think this could be the last time test to this level before USDCHF could start pushing higher. Let's see how this works.
