MCD is showing signs of an overall long-term uptrend pattern, & is currently trading above the SMA200, signaling a possible long entry. On the daily chart, possible cup and handle also forming after a significant pullback occured early/mid September. Also, last session the price opened above, and closed above the EMA21, signaling a potential intermediate uptrend...
breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.
I was messing around with my charts and noticed that SPY and XLY (Consumer Discretionary) are diverging. Looking back in time - with the exception of one littler divergence a couple years ago - I can't find anywhere else this has happened. Is this maybe a sign that the consumer is getting overly confident? When fear is turned off, things eventually get out of...
Fundamentals Analysts are pricing BUD @$118 (24% above current price!) New products and hype. Technicals OBV has been increasing steadily. But on a longer term, you can see the average volume is now lower than previous years. BUD is breaking above a weekly resistance 50SMA.
Target has been in a consolidation pattern since June 5th. Bollinger bandwidth confirms consolidation. OBV trend suggests the breakout might be upwards. I would love to see RSI pick up some strength though.
This time we have strong fundamental analysis that supports an upcoming bull run. KR's earnings report came out a couple days ago and were 31.72% greater than expected! However, stronger evidence on the technical side is needed to convince me of a good buy. I'll wait on bullish confirmation from the 12 period EMA and evidence of a turnaround from the MACD.
J537 - The index that tracks the general retails on our market is busy respecting and reversing off this downtrend and channel resistance which has been in place since the index topped in March 2018. Of course the election outcome could be a catalyst for a further reversal or break, but nevertheless, an important level to monitor in this chart to determine the...
Lets go on a short trip with camping world - Very basic analysis. Please criticize. Would be careful with this one and play it short term ; not confirmed for entry.
Same idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall...
Short based of channels and fibs My Entry: 1600.00 (any entry above this is fine) Stop Loss: 1650.00 PT: 1440.00 area Risk/Reward: 1:3.4
Long based of channels and fibs My Entry: 29.00 Stop Loss: 27.50 PT: 40.23 Risk/Reward: 1:9
The stock price broke out from a range, made what looks like a head-n-shoulders pattern, and can mirror the channel pattern it made before the head-n-shoulders. Volatility is high and this is a neutral directional bet on the price action. 47.5/50/77.5/80 JAN19 IRON CONDOR @ 0.45 CREDIT General plan: Roll if necessary & if possible to reduce risk. Target maximum...
Due to challenges of the entire technology sector, directly affecting manufacturing and indirectly influencing other sectors, DJI may see 24K in this quarter, and bounce back afterwards, subject to probable and required catalysts.
Up over 10% on the month - Time to take some of the table, this will pull back.
Establish long position now and accumulate strongly if shares break above 143.75. DEO shares rose 1.33% on 11/8 and closed near the top their range, forming a bullish pin candlestick. This comes after having opened significantly higher (>$3) than the previous close, leaving a gap around $140 that may enact some gravitational pull on share prices in the...
XLY ended the cycle from 08/02 low (109.99) at the peak of 09/20 at 118.23 in blue wave (3). Below from there, the ETF has been correcting that cycle in the sequences of 3-7 or 11 swings. From 09/20 peak XLY has reached the equal legs area towards 115.55-114.95. The internals of that pullback has been unfolding as an Elliott Wave A-B-C correction. The first...
STAF is what I would call break out prone. I base this mainly on Wave analysis and indicators for confirmation. This is an update to the related idea. Primary wave 1 complete. Correction wave 2 looks to be ending. Wave 2 has retraced over .786. The price action and volume were strong in today's trade. 1HR: 3HR: D: W: