EURCHF H4 - Still holding onto support here. Lets see where this H4 closes seeing as we are so close to support and also not too long to wait. Quite a nice structure here, horizonal support zone held for many weeks now. High R setup. which is why we have been following so profusely, just haven't had the execution opportunity yet.
EOH had a good run lately and is looking good to test pervious highs. 800 could come up sometime in the future once again. The market likes to test previously tested areas like the 800 level.
The breakout in the S&P looks really meager. It broke through highs, but what was supposed to be a big burst of momentum in a bull wedge breakout was just a sputter. It looks like now we are seeing a bull channel. The lack of conviction here is a bit concerning. Bull channels tend to break to the downside and can easily retrace 50% of their height. If that is...
Stocks keep teasing us with this bull wedge breakout. They are testing the upper bound 3677 at the time of this writing. If they do manage to breakout, we can expect 3700 (a psychological level) and 3750 (a fibonacci extension) to provide resistance. The S&P is really drawing out this breakout, so we may anticipate another dip before it finally goes. It is not...
SET: BEC Long thesis. Wyckoff Bottoming + Breakout on volume over 200day EMA. Possibly wait for retest or enter feeler trade
Stocks keep ranging. Our analysis remains the same. The strategy here is to wait for some momentum to break out of this bull wedge pattern we have been holding for weeks. Patience will pay off. If you are holding positions, it is wise to keep them, but entering right now may be entering out of fomo, unless you expect an imminent breakout and have tight stops. ...
Looks like a downtrend break and up against some resistance at 6130 levels. If that levels break we could see some upside on this beaten down share.
Following the 2-year bull market in Precious Metals, Gold made it's way from 1200$ to new ATH at 2075$ per oz on spot in 2020, with pretty much clear print of HH and HL structure. If we look at the 1W XAUUSD chart there is nothing bearish about it, even with the resent month's sell-off, which in my opinion, due to be over. In market conditions like this, it's...
Stocks are just 5 points away from all time highs. The S&P is hugging the upper bound of the bull wedge pattern we have been following for the second week now. The Kovach OBV appears to be building up pressure for a breakout. Additionally, we have a huge steepening in the yield curve, between the 3 year and the 10 year in particular. Stocks are due for a...
Nedbank appears to be consolidating in a very narrow flag formation after a very good run in November. Watch for a flag breakout in the coming weeks. No position. Targets will become clearer when we break this flag pattern to the upside.
Nice cup and handle breakout on the 3630 neckline. That breakout was also tested and held. Targets 4800 and 5300 on this one as it currently stands. If we break below 3600 on a daily chart, consider implementing a stop loss.
The S&P is facing resistance at highs. It looks we called the bull wedge pattern from last week prematurely. we are continuing to see it form, rather than witnessing the break out. Currently, we are seeing support from the level 3617, which intersects with the lower bound of the trendline that intersects here. Be careful, because bull wedge patterns are not...
Watch for a break of 1350 on volume for a 1670 and 1870 target. Wait for the break.
One of stock that need to put on watchlist. Hearing some rumour say RTO at 50sen. Not sure the truth, but from observation. This price is hardly to break 230sen since few days.. Showing someone is controlling the price and don't want it to touch below 0.230sen. So i say,27 November 2020 can start to monitor this stock. It's time already to fly..
Bullish cup and handle formation on MTN. Wait for a neckline break for targets 7800 and 8800 to open up.
The SP500 manages to break the 2 important resistance lines at 3550 and 3588 points. The way for higher quotations is now paved and we expect prices to rise to 3800 points. Another imminent hurdle the bulls are facing is however the current all time high at 3674. Still the bulls reamin strong and as long as market stays above 3550, we expect the SP500 to rise....
Stocks finally broke out form our bull wedge pattern. The S&P made new relative highs, breaking our Fibonacci extension level at 3632. It does look like we are seeing some weakness creep in as the markets do not seem to be able to hold current levels. We are not seeing the follow through that we usually do in momentum breakouts. Additionally, we will face...