HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost...
TRUE has found support in 100DMA in the shape of a hammer LREP? Should wait for confirmation from breakout of pennant
God morning fellow traders! Last time it reached this level was 2014-01-24! Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls. Today we have a bullish move. This such a move that every body at the trading desk is waiting for! So i will do 3 trades today only on AUDUSD. I will buy either later...
Created a script for identifying Hammer, Hanging man, Shooting start, Inverted hammer.
The Fibb retrace shows support at 88,47, and the cycle line shows the pattern the bulls may be getting ready to rally. All that and a hammer yesterday, SNYT may be ready to move up.
I am long KNDI here after filling it's breakaway gap form mid-july. After a heavy two week sell-off, the stock is finally showing some strength after filling that gap. After trading down to a low of 14.79 today, KNDI rallied more than a full point to form a textbook bullish hammer reversal candle. I am long at 15.75 with a PT of 17.47 - Approximately at the...
Being in a daily uptrend, USD/CAD has strongly rejected a previous support level (1.0860), and the 0.5 and 0.618 Fibonacci level in its pullback and closing on Friday 29th August 2014 above the 50ema as both an outside bar and a low test giving well-founded signs of imminent bullish continuation. A drawback to this trade would be that the weekly chart is still in...
What a nice bullish setup. A Hammer was drawn at the intersection of the big down trend and the smaller up trend lines. This gives a better probability for the Euro to start a rally, targeting, 138.00 or even higher for 138.50. A break below the demand area would signal a fall back towards 136.50/136.00.
Simply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well: July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern....
Hammer off support is my favorite technical pattern, and one that always piques my interest. And so, I was pleased to see it form on the EURUSD daily chart. EURUSD is clearly in an uptrend, is now between the 50% and 61.8% Fibonacci retracement levels from a major swing low to swing high point, and is forming a hammer off support. The only cause for hesitation is...
USDCAD has been trending down of late, but has recently pulled back to a resistance level where it is forming an inverted hammer. I'll take this as a sign the downtrend is ready to resume, and so am entering at 0904 with my stop at 0966. My target profit is at 0703. I'm risking 62 pips to gain 201, so the reward/risk on this trade is about 3.24. www.informedtrades.com