A SERIES OF LOWER HIGHS AND LOWER LOWS SINCE MID MARCH, FOLLOWING A DESCENDING TREND LINE. AN ACCEPTABLE TRADE WOULD BE TO WAIT FOR PRICE ACTION TO BOUNCE ONCE MORE FROM THE DESCENDING TREND LINE OR TO BREAK AND CLOSE THE OTHER SIDE OF SUPPORT AT AROUND 211.30. TARGET WOULD BE THE LOWS OF JANUARY AT 168.87. STOPS WOULD BE THE OTHER SIDE OF THE SUPPORT TURNED...
WAITING FOR A BREAK OF THE SUPPORT AT THE 0.7166 AREA FOR A POTENTIAL SHORT TRADE DOWN TO THE LOWS OF 0.7039. WHICH WOULD CONTINUE THE OVER ALL BEAR TREND.
DAX is now for second day under the very important 8900 support zone area. If DAX in the next day not return to 8900 zone , we can confirm the bearish outlook. Summarized : bear: DAX break his long trendline 2011 DAX starting making lower lows The very strong 8900 supportzone turning in heavy resistance zone. negative for bear : oversold RSI If we have a false...
See notes on chart. 3 week price change is 1.89% PA could not form new highs all of AUG and PA is seeming to form a rounded top. Price broke through support and and the trendline, but was pushed up by buyers today. wait on confirmation. Buying DEC 130 Puts I think this gap will be filled before the end of the year.
After BCE draghi announcement and break structure of 1.30 and chanel. We might go down until new structure support at 1.2770
Keep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.
It started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to...
Since the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at...
Drug Manufacturer Brystol-Myers was trending up and topped at $57. At $54 it dropped below key moving averages - for me its point to make adjustments. Recently it has been hovering around 200 EMA and now broke down with conviction on volume above average. The last potential support was at $47.50 but buyers failed to hold it. I think if it will hold below for the...
This ETF was in bear channle as we saw rotation out of Fixed Income into Equities. Yesterday it broke down trend line ahead of tomorrow ECB meeting. The longer it will stay above $62 the higher probability it will continue higher. Target at 50/100/200 EMA. Higher rates could make banks more attractive.
Nice, strong breakout in Microsoft today. Intraday entry was at $40.50. You can trim&trail some in front of resistance if you manage this on daily basis and for investors nothing to worry about. New pivot resistance at $40.97, above that could trigger another entry/add. Next resistance at $41.30 then we have highs at...
Finally made it over trend resistance and into what I hope is a new bull session. The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June. I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what...
EBAY is on my short list. As it trades below all key moving averages including the most important one 200 EMA, means that bears in control despite storng market and technology sector as well. Earlier it failed to hold above $58 (breakout point) and definitely it is not a good sign for buyers. Ebay gapped down on earnings on 30th of April with pivot resistance at...
Curreny pair bounced off of major support level that is in tact since beginnig of April. Also, it was bottom of bull flag. As it broke up intermidiate resistance level it caught some follow through. I am bullish and will be watching for buying opportunities on 50% pullback close to 8/21 EMA or if it will go through 0.93118 it may attract more active swing...
The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here...
Gold bounced from lows where we have strong wedge support, built nice bull flag and resolved to upside. I see some buying signals here. My plan is to trade Long close to support lines at $1292.62 then $1290.65. Resistance at $1296.37, if buyers will manage to pull it through than we can expect some follow through to next resistance at $1302-05 area. Good numbers...
All metals are green 1%-2% and Gold is not exception. Tension in East of Ukraine add fuel. It held support and broke up wedge on short term time frames. It reached down trend line - doesn't mean it is a sell, just DON'T be TRAPPED buying here. I want to see small pullback/consolidation before continuation to next resistance at $1315.5. Check my Idea on Gold in...