D1 : As expected and mentioned in my yesterday's post, a recovery took place, triggering an upside move towards an intraday high of 33'869 which roughly filled my first target of 33'915 (Kijun-Sen). No change in my view, BEARISH STRATEGIC VIEW, and only a move above : 1) Kijun-Sen (KS) @ 33915 2) Tenkan-Sen (TS) @ 34247 (34407 being...
D1 : Yesterday's price action , a long black candle with an intraday low @ 28800 ! and a closing price # 30818 confirmed a clear breakout of the triangle pattern, calling for a technical target @ 23'590... Nevertheless, after this sharp decline, it is likely to see some technical recovery which is expected to be relatively limited and which...
D1 : Yesterday^s closing below both TS and MBB with an intraday low @ 33400, close to my technical target of 33250 mentioned yesterday morning in my previous post. On going price action is showing a POTENTIAL downside triangle breakout which should be confirmed on closing basis this evening. A closing outside of the triangle would be the first signal...
D1 : Recent price action triggered an intraday move towards a low so far@ 34'800 Currently traded below both Tenkan-Sen (TS) and Mid Bollinger Band (MBB) ! Uptrend triangle support line currently under attack... Watch closely today's closing for clues A failure to stay and hold inside the triangle pattern would give a warning of...
H1 : Trigger level of the double top @ 35430. Targe @ 33410 3rd consecutive failure to hold above support trend line MBB currently under attack a failure to hold above it and above KS @ 36113 which is also the current intraday uptrend line support would give a bearish signal, calling for lower levels.(with clouds support zone,slighlty...
H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the...
H4 : On one hand a falling wedge formation is in progress with an attempt to upside breakout (not confirmed yet !) In addition, the breakout area coincides with the clouds resistance zone and also, slightly higher with the MBB Watch 36500-37000 trading range for clue An upside breakout of that area would directly put the focus on the...
D1 : Still holding above MBB which remains one of the trend leading indicator with Tenkan-Sen. Yesterday's price action triggered a "Doji" pattern which confirm indecision and uncertainty. As long as we hold above MBB, that should be seen as a constructive and consolidation price action calling for higher levels with renewed focus on recent...
H4 : Currently traded below both Tenkan-Sen and MBB. Moreover, the uptrend support line is under attack !ü Clouds support zone looks quite fragile. A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800 which is the clouds support area ahead of the congestion zone support @ 33800. ...
D1 : Yesterday's price action triggered a Bearish engulfing pattern. Intraday recovery failed to upside breakout the downtrend line resistance which remains an important area to clearly break which if done, would confirm further upside. 36130 (Tenkan-Sen) remains, as already mentioned several times in my post one the main leading indicator. 34400 ( MBB ) is the...
D1 : Watch carefully at the Tenkan-Sen; BULLISH above and BEARISH below H4 : Same comment than on D1 As long as we stay and hold above Tenkan-Sen, currently @ 39309, it is OK for further upside. A failure to do it would put the focus on MBB currently @ 38357 ahead of Kijun-Sen Global picture remains broadly bullish ,as for the time being any...
D1 : As already mentioned several times in my previous analysis, Tenkan-Sen should be seen as a good barometer : BULLISH above and BEARISH below ! H4 : Holding very well above the clouds. First significant support @ 35574 ahead of 33552 (MBB) H1 : A downside move below MBB would probably trigger and confirm a short term reversal towards 33926 ahead of 32737 (50%...
D1 : Second consecutive failure to close above the pivot point @ 23840 ! H4 : Currently below the MBB H1 : Double top in progress ! Trigger level @ 22800. Target @ 21504 M15 :Currently below the clouds in a downside move price action
Malayan Banking Berhad share at the moment looking bearish. Break upward target: Approx. 7.92 Break downward target: Approx. 6.06 Let's wait till next Monday market open.
The #RealEstate sector is looking very strong. If you're bullish bonds, keep a close eye on the MBS ETF, which has broken out & is a fairly good proxy for mortgage rates (rising bond, falling rates). I don't see a lot of people talking about this. Great for homebuyers $MBB
Mortgage Backed Securities ETF $MBB broke above its falling trend line a few weeks ago, now breaking out above horizontal resistance from last summer's high at 78.6 Fib retracement. $XLRE #realestate
$MBB Mortgage Backed Securities starting to break out of its bull flag and longer term downtrend line. RSI already broken out.
I like this setup, because i like this stock fundamentally, and the chart is also showing a nice buy setup. Now could it fail and fall ? Of course, in this markets there is nothing sure, thats why there is a stop loss below the last swing low. In case it cant break the 100€ there is a defined risk i am taking, this is all i can do. Target is 115-120€ Blessings..