1) If price takes out resistance level @ 1.90523
2) longs to 1.95176 which is in confluence with 61.8 fib and 50 MA
3) If 61.8 fib level (1.95176 ) fails to hold as resistance further longs to 2.000
4) If 61.8 fib level (1.95176 ) holds successfully as resistance shorts back into 1.90523
We completed a bearish Bat pattern on this pair @ 105.89
Price currently lies at around 106.17s
This provides a great opportunity to go short on this pair. This pair has been in a down trend. We have completed at an area of support turned resistance and have also put in some bearish divergence.
Target 1@ 103.21
Target 2 @ 101.54
SL @ 107.93
$REN I will be looking to short depending on Price action at the open. The stock is a previous runner where it managed to almost get to 9.00. However, following four days of solid volume with massive gains, the chart looks over extended and had fading volume.
I will look to enter on the open or possibly into the late afternoon to hold over the weekend depending...
$CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda.
However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short.
I anticipate that this will follow through to 0.50 (and...
Standard Chartered shares are flirting with inverse head and shoulder neckline and appear poised to close the day higher.
That would be confirm a bullish break and present a technical target of 831. However, as of now, that appears a big task given the banking concerns in Europe. Nevertheless, a bullish break on day end closing basis would open doors for...
Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level.
This pattern completes in an zone of support.
Furthermore, this pattern serves as a continuation of the recent uptrend.
Target 1: 1.4354
Target 2: 1.4510
Note that that we have CPI (inflation) figures...
We have a potential Cypher pattern completing at 1.2622 if price pulls in deeper.
R:R is skewed so some may decide to delay entry and take this at a better price.
However since this pattern has a good win expectancy some may take this trade more aggressively at completion.
We have some RSI divergence also. We can potentially also dip back into...
The price of the shares of National BankShares has formed the wedge down pattern, the price now break the pattern and looks like it will continue to rise. It may be a good oprotunidade to trade some shares of NKSH.
Entry point: 34.25
Stop loss: 31.39
Profit target: 39.93
The long zone starts at the 53.22 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 53.95, 54.90 and the 56.20 levels.
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SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30.
This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals.
Therefore, taking into account the...