The target price range is somewhere between the two arrow points. Sell somewhere up there, depending on how everything looks later. Flags: thepatternsite.com Ascending Triangles: thepatternsite.com thepatternsite.com
UJ touched the channel boundary and pulled back on ABCD completion. The bearish flag might be a sign for UJ dropping lower completing the bullish butterfly.
Bullish flag set up to buy-in in AEG. Earnings were good. Dividend is coming.
It looks like the EURUSD has drawn a bearish Flag. If the price will break 1.3752 I expect a continuation of the down trend.
On Daily chart pair entered into consolidation after move up on QE form BoJ. On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down. Stop above 102.150, Target...
After stock bounced from resistance that is intact since May 2013 and broke down upper level support @ $76 with strong follow through to November lows. Now, it is flagging near lows in front of support. With weak Biotechnology sector and market sitting on resistance it could be start of another down leg. Enter short @ $63.80 Stop above 21 MA @ $66.83 Target...
I like Short idea in Goldman Sachs (GS) here: 1) while the Dow and S&P have been trading nea rhighs I have seen a lot of divergences in the market. Weakness not only in tech but the banks also been an area of major concern. New regulation seems to have affected aspects of their business, and the future isn't looking as bright for the industry. 2) Bear flag. The...
Curreny pair is in motion after Tuesday's RBA statement and yeasterday's good unemployment data. Cup and handle pattern worked out nicely after if found bottom at 0.92300 -0.92600 area broke up consolidation resistance at 0.92900 and had big move right to 0.93600 previous resistance level. Took one day of rest with controlled pullback to moving averages zone....
ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance. Today ACAD triggered ENTRY short below consolidation support at $19.00ish area. TARGET is April's low at $15.58 STOPs above 21 moving average
This major cap biotech company borke its major support at $150. Now it acts like resistance. ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET) IBB (biotech ETF) looks very weak.
Possible bullish flag set-up in AEG. Earnings are coming out soon and dividend will be issued for this month.
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down. There is no well defined level of support confirmed by price action, so...
Energy and oil stocks act better than broad market. Money rotates in this sector. $WFT $BHI $HAL $XOM and others are on their highs. Nice flagging near highs in this ETF and it looks poised to make a move higher with well defined stop below $93.
Selling from highs of flag, added when it broke down $1.09550. Holding my stops above recent swing highs.
Despite a strong jobs number on Friday the USD wasn't able to move higher huge. The Trade Idea: Usd/Cad Put Entry price: $1.09800 then $1.09550 then $1.09400 Target price: $1.09200 Stop level (don't want to see price higher than): $1.09900 Why I like Usd/Cad Put here: 1) Weakness after break down of $1.10160 with further powerfull move means that sellers...
I think if the stock starts up tomorrow. Perhaps, we can buy and target the top channel. We can also look for a break over the top channel for a break out play. We should also be careful that earnings is coming up.
Reasons are posted inside chart.