The former sees Celgene at $115 en route to filling the $109.25 gap. The latter sees Celgene test $121.70. Supporting the bear case: 1) Emerging broader market bearishness 2) Triple top on XBI daily + MACD bearish divergence 3) CELG weekly and daily charts turning lower + MACD bearish divergence + chinks in the quarterly fundamental story + persistent...
Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback.
- Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only)
- Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The past
Hey guys, we have a reversal pattern forming here on EURGBP also with some extra indications that are influencing an up move. On RSI there is an oversold condition and MACD we are seeing divergence. Good luck and safe trading to you all
MACD , short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
GBP JPY pair is in a falling wedge pattern so buying could be a very good option after breakout. Also MACD divergence supports it but keep in mind that it might consolidate a few more days so wait for price action to show the way.
GBPJPY has entered the PRZ of two bullish patterns on the daily chart. The PRZ aligns with both horizontal and trendline support which may add to the potential for reversal at this level. Multiple unhit monthly and weekly pivots sit above price and may help pull price toward target. To add to bullish bias, MACD has produced bullish divergence and RSI is...