At the end of last month, CMI broke the long resistance level in the downtrend channel located at $211 and the local resistance of $215. The next price resistance Is located between $234-$244 or a possible return of 7.5% to %12.5. in the next couple of weeks
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level...
Hello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont...
Silver has also broken an important support.
(For monthly levels refer to the related ideas below)
Very weak outlook.
Trading levels marked.
Happy Trading........
I'm really proud of my trade and position on NYSE:CMI not just for the profit but the beauty of clear price structure which I wanted to share. This is clearly a BULLISH stock on a run but within it are some positive teachable moments. Multiple times it has held CLEAR price high/log inflections along with 50% retracement levels.
Trades like this are why I love...
AMAT - Applied Materials
The domestic TSM, almost sounds like Tiamat. Eastern Asian spies? In my processor? It's more likely than you think.
www.nasdaq.com
CMI - Cummins
Lol, produces stuff for different industries, natgas. Should monitor PPI for April.
www.nasdaq.com
www.bls.gov
www.bloomberg.com
BBVA - Banco Bilbao Vizcaya Argentaria
This one doesn't look too...
Could we close any better right at the 20 day. The AO is moving down. The long term trend is bullish. Short term maybe try and reach the lower Bollinger bands.
I'm bullish CMI however I think wave 3 extended now wave 4? needs to take a lot of time to get AO near 0. Still inside the channel but the best guess I have is somewhere in the 95 area. CMI did not close the gap from November at 111.88.
IT LOOKS LIKE A MONTHLY CYPHER PATTERN IS FORMING WITH CUMMINS STOCK. CURRENT RISK OFF SENTIMENT SUPPORTS FURTHER DECLINE (ESPECIALLY INDUSTRIALS) AND SOMETIME IN 2016 LOOK FOR BUY OPPORTUNITY AROUND ~$49
LONG WAYS TO GO AND LOTS OF CHANCES TO FAIL ON THE WAY, BUT LOOK FOR IT REGARDLESS
