The divergence on both MACD and RSI strengthen the Double Bottom setup. Looking for a bounce.
Support and resistance levels have been defined and market is holding slightly higher lows and higher highs. For now, however, it's just sideways action. I'm already long at $266 with stops just below at $264, so this is a good R/R trade. If and when that resistance breaks, I believe it will just be a matter of catching the pullbacks, but the overall trend will...
Possible double bottom forming. If it goes above $274, buy and don't look back.
With the long-term support trendline below, I believe a break above $320 signifies the beginning of a long-term bull market, as per my recent ideas. I was expecting a drop to the mid-$200s area, but the market may just skip that, seeing as how it seemed to be such a common sentiment. Instead, we may be seeing a double bottom here in the $310 area. The market...
Since breaking above the June pivot high, at the end of October, LNT has continued it's bull run. The June high was tested in November first with a double bottom chart pattern followed, in December, by a deep flag. However, both of these were within acceptable parameters for a linear trend so a longer-term buy position could be considered. Despite this I would...
$SODA is holding the bottom it has created near the 20$ zone. The marked trendline has been broken and if that breakout is real, a close above 22$ could lead to a huge rally in $SODA
We have nice structure trade - price formed Double Bottom in the kill zone with a nice RSI Divergence.
Buying @ bat c leg which i don't trade, But this time price falling into strong support level.
CTAS has been in good uptrend for some time but had a fair bit of resistance to tackle before being considered for a long-term buy candidate. At the end of 2013 price finally broke through the 2002 pivot high ($56.62) and the weekly chart shows the subsequent retest (as a double bottom) converting previous resistance into support. Since the confirmation of this...
Possible bullish setup in $AUDNZD as the pair double bottomed on a major support zone. Last time it lead to 1000 pips rally.. Can it bounce again?
Above average volume led a bounce off of previous low's for GG as well as a bounce from the Bollinger band extreme. We are seeing very noticeable momentum divergence off of the mac-d histogram and signal lines. The RSI has also given us the green light as it has failed to make lower lows, and the mac-d histogram has put in its first higher low today signaling our...
Double bottom at 316. Could be a reversal to 350.
CNC gapped up on Friday, despite the overall bearish move on the US Indices. This was a quite significant move as there are a number of reasons to support a continuation of the uptrend - in the near-term at least. Firstly, price gapped up above 3rd December high of $101.83 and the $100 figure. Second, this also confirmed a bull flag formation or, if you prefer,...
$BVN dropped from Nov. 2010. top @57.20 to 2014 low @9. 4 weeks provided support at this low price still struggling to break the $10 mark. Fundamentally seen, a reasonable potential for growth in 2015 as PMs are expected to rise. Getting in cheap for a climb into $25.30 :)
PA marked the fork, reached the 78.6 - 141.4 confluence zone making a Double bottom. This support is very vulnerable and possible touch of TL is very likely. If PA reverses up, daily close above 1.0857 will confirm the Double bottom.
SBAC has been on a strong bull run since the beginning of 2012 and began to be of interest when it broke above $60 later that year. However, trading it from the daily would have required quite wide stops to accommodate the frequent, fairly prolonged and deep pullbacks. The set-up in the last few days looks promising but I would want to wait and see a more linear...
For just over a year XRAY has been trying to break through the 2007 resistance of $47.84. During this time a double bottom chart pattern formed on the weekly chart - which can be a strong indication of a continuation of the previous up trend. Since breaking through the $50 resistance zone in early November, price has retraced to test this line (with resistance...
GMCR broke through the 2011 high earlier this year, retested it in August and has since been in a reasonably linear trend. Since breaking through the more recent July high, price formed a double bottom on the resistance-turned-support line and is now in an established bull trend. This is not an opportunity for today, however, as earnings are due to be released...