MACD cross over and oversold RSI at strong support level at 1300-1310. along with inverse head and shoulder pattern forming. Expecting a move to 1380 minimum if pattern is completed, especially with uncertainty in risky assets.
While holding the horizontal level the oversold Momentum Peak (2nd panel) is showing a nice spot for an entry around this price level. Given the Candle Structure Oil might be looking quite good for some more upwards Movement. - The deviation of the lower Band is showing a strong deviation and good "bottom" given the avg Dailyrange (14) of $1,63 the TP area...
MYGN took a beating after it's guidance underwhelm last quarter. I do believe that the reaction was overdone. MYGN has healthy revenue streams and growing drug and generics demand. TA confirms a re-entering into trading range of: PT 1: $25.00 for a ~20%+ return. PT 2: $30.00 for a 50% return.
Good long opportunity - Bullish kicker on the rising trendline - rsi hitting oversold with some divergence nice simple trade with tight stop
DIS on oversold stochastics and on support trendline. I've started a position of 20 shares after market close. Will be looking to add to position if price drops to 93. Stop-loss will be set at 92. As always, Limit will be set at stochastic oversold levels or top of channel.
Oversold indicators, bullish divergence and strong support at this level. Also expecting US dollar to consolidate which will help drive up gold higher and possibly even oil. Entry 1305 TP 1335 SL 1297
LONG SETUP - ATO - ATMOS ENERGY IS IN STRONG UPTREND RSI OVERSOLD DIV WITH BULLISH KICKER ON RISING TRENDLINE
EURGBP falling down towards 0.837 area, monthly Fibonacci retracement and support area. Waiting for a re bounce towards 0.843
First off let me start by saying I am hardly a technician . My interest here to publish this idea is more for my own learning. Since buying some of Bulkowski's books, I have recently begun to delve into the technical realm. In other words, don't put any great amount of faith in my work, and certainly don't use any real money based on my prediction. I just hope...
Autozone stock is one of the most oversold in the S&P500 and yielded a textbook doji candle today. Tuesday's supports were successfully tested. I'm looking for a bounce into moving averages at 770 and/or 790.
- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement. - RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart - Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything - Buy stop...
Golden Dawn Minerals is showing a lot of bullish signs that it is ready for a potential new high. Support has been found at the 50MA as it has before, and the StochRSI is showing an oversold signal with the MACD about to cross to a bullish signal. Also I like this trade because volume has been continuing to increase and it is showing strength with a large bullish candle.
Improving technicals, Good support found. YEN likely to decline from deliberate government intervention (to protect exporting companies). Also possible inverse head and shoulders.
I will be long GBPCAD on a break of the Trend line, possibly up to the weekly or monthly pivot point. It is becoming Oversold on the 28 level RSI which means it should pullback soon. So at the very least I am expecting a pullback to the trend line so there is an opportunity to make some pips. Remember to keep your trade sizes small and manage losses so they...
Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready...
Long on Wave 4 completion verified by Minor 5 completion, oversell & near trendline.
GBPAUD buy @ .236 retracement level up AB Swing StochRSI Over Sold
Crude oil for me is likely to move yet closer to $40 per barrel. However, this strong RSI divergence and high level of structure indicates an imminent pullback. Buy now and short later.