Because of the last gap, the stock is now retesting support and the last bearish move might only be another retest. If the price break below 25,06, this could be the beginning of a rally.
GBP/USD GARTLEY: Staying short on the pound, for obvious reasons. Here is a bearish Gartley parrtern likely to form on the 1H chart. Further consolidation on this pair is imminent considering recent happenings surrounding the EU negotiations and the upcoming US presidential election.
Gartley ratios:
AB: 0.618
BC: 0.382 - 0.886
CD: 1.272 - 1.618
XD: 0.786
Great stock,however it is showing great weakness, look to ride down and once builds new base look to buy as numbers are great on this eps and sales. New and could run a long way
The price action filled up the previous gap and now showing weakness at that point. It wise to take short positions and cover longs.
Target:19415
Stoploss: 20350
Trade with care,
I appreciate your support.
Regards
Starbucks has been gapping down lately due to last week's bears roaring in. This week, it's time for bulls to take back what's ours and fill the gaps that have been left in the market. SBUX is not the only one, we can also look at a few others like Google. My opinion, by end of week, prices should move higher around $56 area.
CYRE3 pode replicar movimento de alta do mês de Julho, visando topo superior do canal.
Sinais positivos:
* GAP deixado em aberto após queda no preço, em 10 de Agosto de 2016, com movimento interrompido por suporte, em R$9.96
* Topos e fundos ascendentes, no gráfico semanal
* Movimentação de preços dentro de canal, formado desde Março de 2016
* Aumento na média...
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.
Target: 3280
Stoploss: 3070
Check out mercuriusam.wordpress.com for more ideas
Last week Alliance California Municipal Income Fund Inc. let off some bullish steam when double top has been formed and the price declined to the lower boundary of the channel. Despite the channel violation down a bullish harami pattern came into existence and the stock returned back to the channel giving a...
CYRE3 deixou um gap aberto após um redução nos preços do papel, em 10 de Agosto-2016.
Desde então, os preços testaram duas vezes o suporte em R$ 9.94 e voltaram a subir, aproximando-se novamente do nível de R$10.80.
Espera-se uma retomada no curto prazo deste papel, com fechamento do gap em R$11.20, podendo atingir a resistência em R$11.25.
STOP: R$9.90
Target:...
Signals:
breakout of inclined support
gap
pennant
Sell 1) 12,40-12,30 (retest of top flag's level) 2) 12.10 (breakout of bottom flag's line)
Stop 12.56 (+1 tic of flag's high)
Target 10.50 (sizing+support level)
RR/ratio 1:3-7
Selective Insurance Group, Inc. SIGIis testing several technical factors at the moment.
Firstly, the stock finished yesterday’s session forming second bullish engulfing in five days which resulted in RSI(5) divergence.
Secondly, the share price has currently stopped its downward correction at its previous resistance level which was violated by a gap move...
Hey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge. A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong...
