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...
This 3D printing stock was very hot during 2012 and 2013 but lost its luster in 2014 as investors are looking for major cap companies who pay high dividends. Even the leader 3D Systems pulled back 50% from its highs which tells us that price is very unstable and speculative in this revolutional sector. Stock broke up descending channel at $90-$92 with ignited...
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...
Last summer this pharmaceutical company was a single-digit stock but it has been on tear since. The stock did pull in sharply after topping out in the upper $80s in early March, but it has responded well and looks like it could be setting up for another leg higher. Trading Plan: Stop: below $68 Entry: break of wedge Target: $78 then $86
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...
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up. Check out my recent idea "cup and handle" to figure out my thoughts.
The S&P 500 just broke up consolidation that was theme of year 2014. Yeasterday, sectors that were recent laggards (high-beta, small-cap) showed relative strength. Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape. This solar company attract my attention. It was wedging...
On Daily chart it is is in uptrend since July 2013. After big, ignited, red candle on 20th of March it entered into range-bound market and bounced up well off major trend line. Till now it built series of lower high and higher lows (wedge) and gave opportunities to trade both sides (selling from wedge highs and buying support). On Friday when US job report was...
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind. Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
Gold had a nice action, acted well according to our plan from friday's morning note: "Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers." Now we have close above short term moving averages...