I think hog could slingshot back here earnings beat posted nr7 on expanding lower bb at support level previous gaps heighten my interest as it gapped up making new 52 week highs testing historical monthly resistance before the 50ma gap break down before earnings. swing points don't look messy we could make new highs again above $64 with buy signal on oversold...
took a small position in hbi as like to get in early if i can, Share prices have almost halved since the 4 for 1 split and i think some dividend investors could find interest at this level expecting 50% gains if goes well. will be looking to add after break of the downtrend. will update
So i have had my eye on amazon which has been consolidating very nicely creating an almost perfect elliot wave triangle with 33333 formation we are now in the last 3 formation move d-e and could be ready to break i have took a long position here as these triangles can gap up also secured myself by edging in a short position below A in case happens to break lower. good luck
Running my usual moneyflow analysis i don't find any downside confirmation, long continuation looks good though unless OBV drops and holds below current support accumulation line. Price is climbing back up and could find support here so will be watching to enter long soon with good signal or breakout of the current wedge pattern.
If we can break resistance in...
Bullish crab setup short and long - I can see a slight change in structure on CADCHF after price holding higher than the downsloping channel so i'm expecting more up soon but we are hitting resistance, On the hour there is more buying pressure but momentum is weakening so i think we will have a corrective pullback before another rally to break the top.
Still watching USDCHF for some reversal - Buying pressure looks to have peaked and selling pressure is building up with high volume interest we could see a change in trend soon although it suggests to me another wave of buying first