The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend. Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed...
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980. You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays. When the EUR/CHF peg was removed,...
CRL is a stock which has recently appeared on my watchlist after comfortably clearing the double top formation from 2008. It had begun to trend well prior to this (since the golden cross in September 2014 - although price did retrace to retest the 200ma a few weeks later). The gap up on 11th February saw price convincingly clear the $70 round number and recent...
Expect this stock to move upwards. SYN, is displaying a descending triangle off of a big move and has support at 2.30. As highlighted on Bulkwoski's site (thepatternsite.com): "If price rises into the pattern it breaks out upward 73% of the time." This company 4 drugs ... one which has shown to improve MS patients, and another which address C Diff. C Diff has...
SYN is nicely trading within a pennant right around the time that it is also forming a golden cross. Good time to get in before the cross and pennant fully forms and the price breaks out.
FSL gapped up for a second time on Friday and has now comfortably cleared the 2014 high. As this stock has not been trading for long it is more difficult to gauge how relevant the recent gaps have been. Certainly they both exhibited higher volume. But neither bar was bullish, which is preferred for a gap up. So saying, the current uptrend (established in early...