We all know from recent news that ENGINERSIN is oversubscribed by more than twice with Government's recent disinvestment plan. This is Fundamental News,Lets see how we are going to convert this fundamental news into a Valid Buying Opportunity with Technical Analysis. Article Here : www.thehindubusinessline.com 1) Bullish Cypher Pattern completion 2) Double...
A very good opportunity for buying ACC which also offers a very good risk:reward of morethan 1:2 Also note that it has formed a double bottom very recently around the fib extensions of 1.618 along with Bullish Divergence in RSI. As these gives out enough reasons for going long I will be looking forward to Buy these in coming days. Check your trade plan and...
Second bottom undercut. $150.69 would be the buy point if right side forms. Watching.
The double bottom pattern on H4 chart of AUDUSD offers an opportunity for a bullish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown). More information, chart template, and free expert advisor to...
Due to the bat that is forming the double bottom i think chances are high we will form a very symethrical pattern here. good oppurtunity to go long if we do. tho i will probably also look for shorts at the bat pattern completion point.
Just take a look at the chart, we are in a good position to go Long on NYSE:GE General electric, if you look out for valid reasons - Below are few : 1) In 4hr chart, we have Double Bottom & RSI Bullish Divergence 2) In Hourly chart, its a Triple Bottom with RSI moving upwards 3) Check the Support area marked in Green, its along previous Resistance formed in 4hr...
Pretty selfexplanatory. double bottom setting up at the bottom of a range. buy right away or wait for a retest. no point of having multiple targets here i think. just set stop to breakeven when the price starts to move in your favor and u should be good to go.
We are currently at support again. 15 min timeframe is printing a double bottom. look for a confirmation of this above th highs of this candle to go long or wait for retracement to the doublebottom after the break (on a lower timeframe) TG1: retest of triangle trendline TG2: retest of the highs of the range. Stoploss: wait for double bottom confirmation and...
Looking at the chart, one can see a wedge formation and a double bottom at .11. Although recent dilution may cause a problem, for the short-term, this stock can reach the yellow yield box, and the red warning box. You want to sell within those periods. NASDAQ:ASTI
FX:CADJPY Safe Trades;
WTI oil is in strong strong down trend as fundamental from OPEC and others pump oil into over supply. Companies fight for the market share and survive and battle conditions seems to be the same for a while. This fundamental view is supported by Elliott wave impulse pattern unfolding down into the last wave 5 (brown). This impulse pattern is the last wave C (blue)...
FX:EURUSD Wait the breakouts ;) Safe trades;
Reasons to buy Strong Earnings in last quarter Strong Earnings in past 3 years Strong volume indicating buys buy institutional investors Strong compared to S&P500 Confirmed Double Bottom (see chart for details) Within 5% of buy point Reasons to tread with caution Not necessarily a game changing company (opinion) Not in a leading industry Market...
FX:EURUSD Safe Trades; open.spotify.com
We broke this same setup down in the Live Trading Room yesterday, yet never got the pullback necessary to get involved. We've since pushed down a little further and have double bottomed but the same opportunity exists. We just had to adjust our analysis slightly. As we look to start today's trading day this pair will offer a long opportunity to some with price...
As expected in this pair continues to head south. Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside. On lower timeframe (4h) a double bottom already completed with bullish RSI divergence. This could trigger a nice countertrend long trade before looking to a continuation downside (to the...