This is a textbook divergence. Earnings are scheduled for 11/28 so we want to be out of the trade by then. Buy: 29.05 Target: 30.31 - 32.29 (4.34% - 11.15%) Stop: 28.30
Buy: 30.38 Target: 31.11 - 32.30 (2.42% - 6.33%)
VRX may, at first glance, look like the bloodshed is over and is moving to recovery. Not just yet. The daily MACD and StochRSI are inching toward sell indicators (see screenshot) and despite the markets upward movements today (Mon 12/14), VRX's recovery was pretty modest as more shareholders exit as they see the fall incoming. Bottom line: Put options are a...
Idea is based on Elliot wave theory. Stochastics are used for confirmation. Rationale and targets shown on the chart. Good luck
Idea is based on Elliott wave theory. According to my count, corrective wave nr 4 is on-going. Expect price to retrace into the 0.382 before wave nr 5 can initiate. Ratio confluence of waves nr 1 and 3 is used for the selection of the target. Good luck
Idea is based on Elliott wave theory. Stochastics are used to confirm the wave count. Rationale behind this setup is shown on the chart along with specific target. Good Luck
Idea is based on Elliot wave theory. The rationale behind this setup is shown on the chart. If you would like to know more about the way I am using the stochastics to confirm my wave count, please check my strategy idea. Good Luck
Home Depot has declined slightly in the bullish trend. It is sitting in a flaglike pattern while Stochastics is coiled as well. Volumes are sinking and thus not giving much info. We have a candlestick reversal-pattern, signaling 116$+ level is potential first target if we break through channel possibly on the coiled Stochastics breaking up. If we start to tumble...
Price action reveals signs of a possible reversal since AUD/NZD has reached the multi-year low zone (~1.0530-1.0428). Divergence on Stochastic and RSI is evident on the monthly, weekly and daily time frames combined with a possible low test in formation on the monthly chart, indecision engulfing bar at a potential end of cycle, and bullish behaviour also hinting...
Crude oil has shown a promising downtrend respecting key levels where it's seen to be giving beautiful entries on its visibly apparent journey south. Currently, a high test close rejecting 99.60 after a pullback presents another such entry with a target area aimed at 88.50. 99.60 is within close proximity to the 38.2% Fibonacci retracement level. Today's high test...