Hi, today we are going to talk about Amazon and its current landscape.
The situation at the Amazon it's not comfortable, after the breakout of that Downtrend Line of this chart pattern. The trigger of this trade would be the retest of the Downtrend Line and the first target would be the 61% Level of Fibonacci of the last Bullish movement.
Thank you for reading...
Almost becoming a standard for the stock market to bounce right back up again after some bad bearish news and price action. This time there is a chance things might be a bit different though. On the left it looks like there is a real resistance zone now inside this bear flag. I have not posted much about these markets, because the noise has been extreme past year....
OANDA:NAS100USD I Have checked my index and finally came to conclusion that I am going to sell, looking at the 1D chart a formation of a bearish movement seems to be continuing, though there is a possible retest to the 7773.00 area, my final confirmation to this pair is to sell it and hope for the best until my target at 7465.20
if you followed my previous NAS100 4h hour setup, you'll know it was a very clean and successful setup. still following that same setup, I now see a potential pullback all the way to 7577 or even 7522 before price pushes to maybe new highs, lets see.
Week Ending 16 August 2019
The week is neutral bullish, the daily is bearish.
Projected range for upcoming week: 7753 - 8053
In Bull Territory.
Price Projection: Daily Only
HMA: Neutral Bull
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 7662 - 8325
Price-Trend: .1x ATR
Daily Data for Wednesday 16 August 2019
Futures have clearly risen tonight from a false report that Trump said he would extend exemptions from banning Huawei. However, he later confirmed in the most recent update to reporters around 5PM EST today, that this report was completely false and that his staff will issue a final statement tomorrow with a likely ban coming (and possibly an indefinite ban all...
HI BIG PLAYERS,
this time I predict a bearish Wolfe Wave in NASDAQ.
The high peak on point 5 (the last wave of Wolfe Wave wedge) doesn't touch any typical fibonacci lines. But the in this case this system predict the rebounce time exactly, I really wonder myself.
I will testing this Autoprediction for Wolfe Waves in other publishing ideas in the future. If you...
KHC is not looking good from a technical point of view and it's fundamentals are also not as strong as perceived before. Still the company owns some well performing brands which might pick up again in retail. For now, the stock is mostly out of favor. Annual Report 2018 suggests a healthy financial position, but with tremendous losses last year. The losses...
After an 8% drop, is it time to buy again? If the fundamental analysis is ignored and we focus on technical analysis, we will draw some conclusions:
According to the Ichimoku indicator, there is no change and the bullish model is still strong and stable.
The last drop in May was about the same amount of decline and you know the sequel ...
The 7600 has strong...
Apple Inc has hunted the stops of the shorters and there has been a retracement since then. If it will also hunt the stops of the longers beneath the recent swing low, our entry will take place. This whole upward movement seems pretty decent since the beginning of 2019.
Please let me know if you have any suggestions or...