Grabbing a pilot position into MSI (telco) RS rating is lower 84/100 Industry group is lower 125/197
Cup and Handle pattern on the side on this daily timeframe The neckline can be seen to be acting diagonally against the cup and handle, which to me satisfies the rules of a cup and handle
Similar positions in Green circles Potential for a rise that was seen in the earlier green circle, pushing price above the Major Trend line by a lot There is a sneaky double bottom in both cases (dotted line) The big Chart pattern is a Descending Broadening Wedge
22 Year Long Base Stock is in decent uptrend
In the news plan, the year began extremely unsuccessfully. The elimination of Iranian general Kassem Suleymani (he was the second most important in Iran after the main ayatollah) was headline news. We wrote about in our weekend reviews “Escape to safe-haven Assets Activated: $ 1800 Gold” and “Will the Suleyman Killing Become a Black Swan for the US Stock...
Price forming a H&S pattern with divergence on RSI. If the right shoulder starts falling soon, then we can enter now with great risk-reward. Adding another short on the break of the neckline. Weekly level shows resistance right on the 78.6% fib level from the all-time highs (see below). Price targets of banks and investment funds are below $120 at least, so...
Today the GBPUSD pair gives excellent shots to make money in trend. You can buy from the current, that is, around 1,3100. As for profits, since the work is in trend, it is necessary to keep buying until the appearance of reversal signals. But partial fixation can be carried out at about 1.3250. Since the recommendation is intraday, the “Ranger” indicator can be...
The best option of trading, in our view, is work on trend. In order to evaluate current price movements in terms of availability of trend there, it direction and force, our specialists developed set of unique incomparable indicators. You can find its description below. Today we will talk about USDJPY pair. We simultaneously have a number of signals on the...
Strong resistance level on Monthly chart combined with a 88.60% Fibo retracement suggest a short from current position. Will open a short position with SL at 107 and targeting a 50% retracement of a current movement, approximately 55 USD per share
Anticipating rally back up to $74 to put short on.
Looking Good To Go Short With TAke PRofits @ 73$ mark let us Se!!!!
it started to form descending triangle after weekly resistance breakout, so I am expecting more bullish action.
MSI expected to open at 69.25 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com