Very strong Weekly MACD bullish crossover and RSI reversal at oversold conditions.
See image for inverted H&S. Buy point was 10.3. Biotech is next in sector rotation
This uptrend will continue until 50 MA, / orange downtrend line. I can't turn bullish on this until it consolidates above 95, and to the right of the orange trend line.
Forming Descending Wedge w/ Hidden Bullish Divergence in MFI
And earnings season slogs on ... . Next week there are bunch of biggies, but not all of them are worthwhile options setup plays, primarily due to liquidity. GOOG's option liquidity has never been the greatest, and CMG and LNKD have always been horrid, so right off the bat I would pass on those for options plays. GILD -- announces earnings on 2/2 (Tues) after...
H&S on Monthly. Broke under neckline of $86 on 385% vol. Red long body. Indicators are Bearish.
Broke down from symmetrical triangle. This is unfortunate. Keep a tight stop longs
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
As posted, entry when 107.5 was taken. Nice recovery today, but could use some rest before breaking over recent highs.
I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...