INTC gapped and ran up on earnings. Professional Traders are setting up ahead of the test of the previous highs.
Boosted by Buybacks, CAT recently ran upward to break out of its long-term Trading Range.
Very promising pattern here, if it's able to maintain 22 and show consistent gains it will head towards 28. It would be a great goal to get to around 32, longer term trade on this one still waiting for a small pullback and confirmation of this new high.
BIDU has been in a bear business cycle since early 2018. This downtrend remains intact as the slope of the highs remains downward. High Frequency Traders gapped the stock down recently.
Although many Dow 30 components had a severe sell-down in December 2018, most have not gone up further than the previous highs. UTX is such a stock. It has now officially been range-bound for over a year, as it was range-bound before the December collapse.
NKE shows price has compressed into a tighter candlestick pattern formation near the highs of its long-term trading range pattern. The compression has minor Dark Pool Quiet Rotation™.
PEP has breached the resistance highs to move slightly up to a new all-time high. PEP is one of the few Index Components that has a new high at the end of August. PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.
If this backtest holds then it should create the foundation for a larger move to highs
Watch for increasing volume and a breakout. 20ma supporting.
This could be a key area for Bitcoin and it's dominance. Last time we had it this high was before the alt-season rally of 2017. If that was to repeat. The amount of gains in the alt-coins would be pretty large as a lot of alt-coins are at pre-2017 levels.
Last post: July 3rd 2019. See chart . Review: Price had created new highs but could have moved back below support. Update: Price has since continued to move even higher. Conclusion: Price is making new all-time highs and we may see the start of the next bull trend. We will now look for long opportunities in stocks. Any comments or questions, do not hesitate...
If I die, I die... lol Prices has come to the illusive 0.9000 region, multiple rejection wicks on the 4hr and daily. Market made a drive to 0.90 and rejected, we are looking for a daily close to confirm a false break and the potential to reverse to the downside. This is going to be a long (How ironic) one, prepare your swaps and commission. Remember your risk...
Here we see a lot of equal highs and quite obviously retail traders got in seeing a resistance, putting their SLs right above the equal highs. Smart Money knows about Retail Mentality and they know where their SLs would be. They need these SLs to grab liquidity, the latest upwards movement cleared all the SLs, now I'm considering EU to go down as the banks have...
AXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.
PYPL has risen out of a short-term bottom that completed in February to reach new highs. The stock may shift sideways soon to pattern out speculative price action.