Telecoms caught some weakness after earnings release. $51.50 was important resistance above which buyers failed to hold eventhough company released numbers higher than expectations.
Now, we have tight consolidation near lows with resistance at $49.15. Break below consolidation support $48.50 will trigger Short entry and will open doors to $46 major support.
If...
During this recent move up in S&P (100 handles from the last bottom) Oil&Gas ($XOP) stayed one of the weakest sectors and specifically shares of Slumberger.
After exhausted move up on the end of June, it entered into correction and broke down its 50 EMA that was in control since the beginning of 2014.
Now, sellers keep preassure and hold resistance at $110...
Keep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.
It is very interesting to see EURUSD consolidating on a daily level. Look for the square, this will help you decide the direction of the price. It is also very strange that the price is not able to make new lows. Price is going down or seems to be down but is not able to make new lows. Let's see what will be the result of this.
The enterprise software company's Q2 earnings met analyst estimates, and ServiceNow raised its revenue forecast.
But ServiceNow stock was down.
Technically we had wide wedge that gave good buying opportunities with reversal candles (check my long ideas in the links below). But fow now, stock resolved its indecision pattern to downside on increasing volume....
I don't regularly use Elliot wave theory in my ideas so I'm not 100% on this one, any advice is very welcome.
Things to note are that USDJPY is in a consolidation pattern on the daily. It tried to breakout a few days ago but failed. Going up for another test but is running into a lot of resistance.
Put in a long wick right along previous structure support,...
Price of Disney's stocks holds nicely during this corrective phase showing relative strength. S&P was up 1% on Friday and gain 6 handles on premarket showing some follow through. This stock could be a good candidate when market buying will resume. Entry ans Stop on chart. It is difficul to say what could be potential target as stock hovering near historical...
Fundamentals:
Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade.
The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter,...
Eurcad has made 3 equal pushes in an upwards channel followed by a breakout, and then a consolidation phase. If price reaches high point of consolidation I'm betting on a downwards breakout of equal degree to one of the breakout movement
AOL is curling down below all key moving averages, after it failed to hold above $40. Stock was hardly beaten on its previous earnings report and since then covered part of those losses on this strong market. Anyway, still under preassure consolidating in tight pattern. I will initiate small position here and will add on break of $38 with tight stop above $39.50....
Accenture looks ready to move higher, as it bounced off of trend line. Now, it is hovering around all key moving averages. Combine it withh strong market (yesterday it bounced again from active trend line) and that is how you get A+ trades. I am looking for potential move through $81 for additional gains. My mid-term target is $84.50. With stop below previous...
Kors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling.
Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with...
This cloud-service company looks ready for another leg higher.
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback to $46 which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal.
I was bullish on it since Reversal on 15 of May (check my thoughts in...
On a longer scale GBPUSD is in a consolidation top. Withing consolidation on an 1H chart a bearish gartley is forming. PRZ projected at 1.7153 mark. Placed a sell at 1.7150 stop just above X mark at 1.7168 target at 50% retracement of AD at 1.7130
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock.
It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention.
Higher lows...
Today Dax is down to it's first support zone 9880. Last 4 weeks Dax is consolidating in a 155 points zone.
For the 5th time we get in the 9880 zone. From here there are 2 options. Support maintain and DAX go futher upside again (10050 top). Other option is a break from the short trendline and 9880 supportline. This brings DAX to next support level 9800. There is...
Gold found supply level at $1331 - reversal point from 14th of April. from another side it is building nice upper level base with support at $1325. On daily, it feels a bit extended, so some kind of pullback makes sence.
$1326-28 is another resistance zone inside of that wide range. Looks like bears trying to take control and keep preassure on price.
Next...
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...
