MMM has periods where it trends really well. But this year there have been two deep pullbacks which would've stopped most trend traders out of their buy positions.
Since price broke above the September pivot high the candles have not been overly convincing. There was a gap up on 31st October but it was a doji, followed by a gravestone doji, which did not inspire...
CVA has just printed a bullish flag in an uptrend (on Thursday's bar). This gives a good indication that price will continue to rise (no chart pattern has 100% accuracy).
However, there is not so much room for this stock to uptrend before hitting resistance at around $30 (the 2008 high was $30.37). Some breakout traders prefer to only buy those stocks which are...
LM reached a high of $140 in 2006 before plummeting to almost $10. Since then we have seen price bottom out (forming a cup and handle on the weekly chart) and begin a bullish wave up. During August and October a double bottom formation occurred - confirmed in November with a break of the neckline.
The weekly double bottom presented itself on the daily chart as a...
Now JLL has broken and retested the 2007 high ($124.99) there is room for price to move further to the upside.
There was a cluster of support at around $125 but it dipped just below this during the October pullback (which affected most stocks). It found support at the 50ma on the weekly chart but popped below the 200ma on the daily chart.
Since then price has...
A month ago I published an idea called Bitcoin Bubble Retracement: The Most Probable Scenario. Have a look at related ideas. Everything has already become true, but a bit sooner than I expected.
Another two succesful ideas were called Update #1 on Bitcoin's Reversal: BITCOIN BULL FLAG and Bats + Bad News + RSI + Support => Reversal?
What can I say about this one...
Two weeks ago I predicted the reversal following bad news from Russia (check the related idea).
In this chart I have implemented the green bull flag. We are very close to the end of the flag, which is a strong signal for next high.
I am short in the short term:
Target: 300 USD
Bullish flag.. retracement to 61.8% Fib (reverse of TV's Fibs). Buy on retest of 1.61671 targeting 1.68956.. Right now this is on the watch list as nothing is confirmed yet.
5 weeks of uptrend, I am going to play dumb and follow the weekly trend.
Last week did not seem to have any bearish impulse move for me, and I have found d1 line chart support at 9597.
There is a 8 day bull flag channel. A pity i do not have h1 access, as there is also macd price divergence which convinces me this channel is meant for future upthrust.
i will also...
Amazon was in down trend most part of the time this year but caught some buying after it broke up from $320-$340 consolidation with strong two days continuation to $359.32. Now, it holds nicely near highs. Buyers probably should not gave back more than 1/4-1/3 of this recent move if they want to see quick continuation. I expect to see bull flag and continuation...
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...
