Traders , today i just realised that we broke the trend line wich shows us the end of the bump phase in my opinion . we should see a re=test of the trend line. The trend line throwback (without breaking it) would be my bying point ( beetween 0.00039 and 0.00044 ) for a maximum return .
Please, let me know what you think in the comments section . Trade SAFE . Ben.
PFE is a large pharmaceutical company that specialises in biopharmaceuticals. As you can see there has been a large bump and run from the upward trend in the past, which led to a death-cross. Gaussian channel shows a clear upward trend. Green fractal indicates a follow up bump and run.
RHHBY has seen two previous bump and run formations and is looking for a continuation with a third bump and run, indicated by the green fractal. These bumps form above the natural trend and a bearish reversal slowly follows. Again I recommend ‘Encyclopedia of Chart patterns’ By TN Bulkowski for anyone interested in learning some patterns.
A strong support line has stayed intact for 24 days, recent bounce off support signals strong upward trend. Additionally during the most recent down trend, each level of my fib retracement has met bears with bullish resistance. Will an upward trend coupled with bullish buy ins along Fib Levels lead the market to a LTC above 100$?
Let me know your thoughts on this!
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...