Using the Fibonacci time zone from swing low to swing high, we can clearly see how it correlates to big pivots. I like using this at higher time frames.
NYSE:SQ is attempting to break out from consolidation pattern in symmetrical triangle. Strong volume pattern in recent days and strong relative strength vs S&P-500 since the start of the year (and esp. on recent down days), suggests ithat significant rally may follow
After breaking through inverse H&S and long term resistance in December and making nice rally afterwards, NYSE:AKS continues to correct in what appears to be bullish flag. However, now stock finally is approaching various support lines including IHS neckline and current market sell-off may be used as a nice opportunity to attempt low risk buy entry for another...
Since recommendation in November NYSE:JKS is +40%, and is now appraoching major resistance region. Therefore, it is wise to take some profits, with idea to reload after some period of consolidation. Overall, chart is very constructive and healthy pullback with potential inverted H&S should build strength for much higher levels in the years to come.
Trade Overview Profit Target = 50% fib retrace (around $142) Exit signal = Close trade if price closes above $155 Rationale: - VMW in triangle consolidation pattern (possible continuation pattern) - Price resistance at $155 (hence using a close above this point as the exit signal) - Failure to breakout of 1 ATR channel - Moving averages clearly indicating a...
Zeder is consolidating in a channel in anticipation of the Pepsico - Pioneer buyout. Zeder owns 30% of Pioneer Foods. Upside target 540 if the channel breaks to the upside.
We have what appears to be a reversal pattern here with the Russell 2000. You can call it a head and shoulders although not textbook. Again it shows a shift in trend from higher lows to now lower highs. The neckline has been broken, and I am using the 1575.80 area as my lower high swing. Lot of debate on what leads, the mid caps or large caps. In my experience,...
Our Dax and ESP 35 trades are continuing as mentioned in previous posts. It seems cheap money and easing will keep stocks propped as there will be nowhere to go for yield. Of course, a geopolitical issue or black swan event can nullify this...and I believe there will be a confidence crisis approaching. However, we will deal with that when it appears and the bond...
I am bullish on this small-cap stocks .. We believe in buying small cap stock with great potential.. This one call for a bullish position trading strategy.
TCS again rallying up to its high to test May 19 and Sep 18. Expect high volume on that level which might give a dip. Enter with confirmations. Might prove it to be a good intraday trade or can be a long term with good reward if HOLD.
Hello, This post is for me primarily. Here is a relatively undervalued equity paying 4% dividends and a PE of 5. Just another stock that I have decided to chart in my search for undervalued Japanese stocks. If you think US, EU etc treasury bond yields are low try a negative yield in Japan. A 10 year bond returns -0.05% (yes negative) and a 2 year -0.156 as at...
HIS is approaching its support at 28788.6 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 29422.9 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
SPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can...
Momentum trade- can use trailing SL and start with stop at 200EMA
SPX is approaching its support at 2767(100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support) where price is expected to bounce up to its resistance at 2814 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce...
CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...