Hudaco broke what looks like a bull flag. A possible target for this flag break is 11375. This share sometimes trade a with little liquidity, so keep that in mind when setting a stop loss.
TRU has been consolidating from February after a great move off the 3500 levels. Keep an eye on this consolidation pattern. A break and a move above the 5175 level could indicate another leg up for this company. No targets currently. Waiting.
Netcare seems to be building a potential head and shoulders formation. Watch the 1560 neckline for resistance. A break of that neckline could open 1700 and 1970 targets. Wait for a neckline break. Stop loss around the 1400 level.
Stocks broke out and hit our profit target exactly! After a few days of malaise before the FOMC, we had a breakout to 4214, a level of which you were alerted many days prior. Our next target is pretty conservative at 4227, then we have another at 4293. These are generated by Fibonacci extensions from Fibonacci levels anchored at the upper and lower bounds of...
Stocks ranged at highs yesterday. The S&P is forming a very narrow range with a point of control about 4188, one of the levels we have mentioned many times here. The Kovach OBV is very strong, suggesting that a breakout is imminent. Since we are at highs, there is a risk for a retracement, which could take us back to 4144 again. If we are able to breakout,...
Stocks managed to eek out new all time highs yesterday but just barely. There was quite a lot of resistance at this level, and it will take significant momentum to puncture through and maintain the rally. Entering a long here would be the height of fomo. Waiting for a deep seems much more reasonable and we could see the S&P cross a vacuum zone below to 4144 or...
Stocks are ranging nearly perfectly between 4122 and 4188. We are currently testing this highs again, which will provide resistance. Wait until the open and watch the momentum. We need to see increased momentum to determine if the S&P can break out from the upper bound of the range. If we don't see momentum come through it is likely to retrace to support at...
BTCUSD H4 Nicely green for the day so far, as well as majority of the other crypto currencies, not convinced the bearish market cycle is finished though. Still evidently in a downtrend, just seen some big moves since the start of this new trading week ahead of us, some very clear change of sequencing would be required for me to personally consider longs (on a...
The S&P is trending sideways, maintaining a fairly narrow range between 4122 and 4188. This is perfectly reasonable after such a rally last week. The Kovach OBV has been very strong but has leveled off to reflect the correction. Watch the boundaries of the range for momentum at open. Lack of momentum will suggest that the range will continue. If we break...
front ran gap support and found support around previous JAN ATH. would expect this to slowly make its way to new highs
Stocks have rejected our head and shoulders pattern from yesterday. This is why you wait until the second shoulder has fully formed to trade this pattern. The neckline, 4122, was the make-or-break point, and the S&P ended up getting a lift from this level to retrace almost to highs at 4188. We are seeing some resistance from a collection of relative highs at...
Stocks stumbled yesterday, and broke down from our level at 4144. The S&P seems to be forming a new level around 4122, which is providing support at the moment. Observe that we may have a head and shoulders pattern forming, with a right shoulder potentially bounded by 4144, if we can't break through resistance there. If we can, we should be able reach 4188. ...
Roblox looks like it hit support around the $68 level. This is maybe an opportunity to add in anticipation of a bounce to the top of the channel once again. Current market conditions seems a little weak, but maybe worth the risk. Stick to stop losses.
Stocks retraced to exactly the level we predicted yesterday: 4144. We have been warning that they were starting to get overbought, so hopefully no one got caught in a fomo trade. Although we do seem to be getting a fair amount of support at this level, the rally in stocks has left several vacuum zones below so the downside risk is significant. The more...
look for the gap to act as support for IWM from 209-213. ideally would want to see entire gap protected (left open) or at least 50% kept open. this area of support coincides with the rising pivot line shown. it is possible this area at 219 hold here, but I am looking for 213 to go enter calls 2-3 months out depending on the premium when we're there. strike would...
Missed the top entry as I've been too focussed on crypto markets today, however this circa 300 day trading range seems like it wants to see another range fill. 3425 down to 2950 could be witnessed again with a huge 1:11R potential if we push 3400 again, I'll look to grab an entry. ALERT SET!
After hitting our profit target at 4188, stocks are ranging just below this level at about 4173. The bull momentum is clear and the Kovach OBV is still very strong. Our next profit target is a bit closer at 4214. A breakout could easily take us there today. Watch for momentum to confirm this at open. If it does not muster the amount of momentum needed to for...
Just waiting for a while, I think equities are peak and it's time for me to start the Short term. No body know how low it would be right now. Wait and see. Good luck!