Monday brought a bounce off of the 1.128 extension to form an Harmonic 'Alternate' Bat Pattern. I would look to get long the stock at the Monday close price with stop loss tightly below the lows of Monday with profit target just in front of the next resistance level. We also have a stochastic cross along with bullish momentum divergence on the mac-d histogram....
$GOOGL....Looks bearish as it has retraced much of its recent uptrend from 10/13'........that usually doesn't bode well for longs when a bullish uptrend is retraced quickly.....also it doesn't seem to have much bullish volume for a reversal to happen....if it breaks support around 525 then it could test the 501 level which is the .618% Fib from the uptrend.....if...
Pin bar bounce at support came Thursday with above average volume along with major momentum divergence; also, Friday brought a price close above Thursday's high price. Look for price to hold above Thursday's low of 60.54 and retest the highs from last Monday around 70.50 which also coincides with the first noticeable resistance/support level. Entry: 64.16...
No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
Small stops for high probability counter bounce towards top channel. HOWEVER, good chance it'll drop to bottom channel for a W3 down. In that case, look for RESISTANCE at the marked GREEN S/R zone....Use shorter time frame entry with confirmation entry a la moving avg crossover, a break out or 79 pullback buy. To each his/her own. PEACE.
Friday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking...
USD/SGD is approaching the 1.2400 level which is an extremely viable support level as shown on this daily chart. To go with it is a new bat pattern with the .886 landing harmonically at this 1.2400 level. I would get in front of it ever so slightly and look for a retest of the 'B' point at 2560s or so. We also are seeing some bullish momentum divergence which...
Specific Details on Indicators, Thought Process, and Rules are in 1st Post.
I can't make much of a case for either direction at the moment. But the StochRSI on the 2-Hour chart is showing that we are overbought at this point. MACD oscillators are close to the center line as well as the moving averages themselves. Bollinger Bands are showing some decreased volatility overall, but we're still looking volatile with this movement. Volume...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...
Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...
ADX is still below 20 though MACD/ROC denote reversal. More good news awaiter.
Will take some profit off the table after the price will break down swing low at $0.93030 from where it established intraday high at $0.93115. And will keep my core with stops below support zone from $0.92839-0.92901
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...
The 100MA has provided a strong support and resistance line since the beginning of the year. coinciding with the 0.764 fib line and move upwards on the CCI, I am favouring a long position with $102 my target which is in line with the .382 retracement
Bullish Harmonic Bat Pattern with bullish momentum divergences on both stochastic and macd histogram with solid support level. Enter Long @ 31.00 Stop Loss below X point around 30.35 Profit Target is below 'B' point 32.30\ R/R Ratio of 1:2
The fibonacci retracement is in place in order to show the price levels that this has followed on it's way back up from the initial dump and the overall downtrend. MACD Oscillators show that we're in the same position as the last big leg down. Stoch RSI confirms that, as well as the positioning of candles and the 50 SMA, and 10 EMA. The 50 SMA aligns with the...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...