FORD, Daily chart: Mirror level + Side of Bollinger bands (20,2) + Bearish Engulfing candles pattern
Our Proprietary Trading System indicates the following: The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish The Short Term Trend (STT), given by...
This stock ticks all the boxes first target @290. Stop loss @220
Celgene (CELG), Monthly chart: 4 years long mirror level + 2 Pin bars/"Shooting Stars" candle patterns.
It looks like the german index is confirming a cup and handle set up at the moment. The goal would be at around 14500. Just my opinion so make your own research and like always May the markets be with you
The stock price is in its major bull channel's support area and it is forming a short term cup with handle pattern. If the stock price could cross above $180 with high volume, probably the price would go to channel's resistance at around $200 or even higher.
S&P 500, Monthly chart: Overbought & Triple divergence on RSI(14)
It just broke above its major resistance and bull channel's resistance with high volume. It could keep moving up straight or probably go back to its new support at $40 before continuing its upward move. But if today's closing price is same with the opening price (showing a strong rejection), probably it could be a strong sign that the stock price has failed to...
Although this seems to be a risky long trade. The reward is looking promising. Looking at the fundamentals, this company is well positioned with Cash. Debt is manageable even though the company is burning through cash (but that what most healthcare companies do until their products get FDA approval). Targets and Stops are in the graphic.
In this video update, we discuss the S&P500 in more details and what will happen to market sentiment if price bounces or breaks. We believe if price bounces we could return to a risk-off the sentiment with safe haven currencies benefitting. If price breaks above we could see a significant move higher again.
I have provided a complete breakdown on my members area of why I have taken this trade. Solid risk reward on this trade for a company providing very solid results year on year. Expecting the share price to hit 140 shortly hopefully followed by 160.
China Mobile (CHL), D1: Support zone + Convergence & Oversold on RSI(14) + Powerful mirror level on MN.
It made its’ 52 weeks high several days ago and now going back to both its new short term and long term support area. Probably the price would bounce and continue to make a new high.
Today it breaks it’s bullish channel’s resistance and makes it’s new high. Probably we could wait for a little pullback before looking for the right price to long the stock.
Two days ago we gave an analysis that AAT price would drop but it actually failed to cross below it’s bullish channel’s support at the closing time and today it makes a new 52 weeks high. If it could keep the price above it’s previous resistance at today’s closing, probability the price would keep going up.
AAT moved downward after it touched it’s multiple top and it’s now crossing below its bullish channel’s support. Probably a good setup to short the stock or just stay away from it.
What a bounce from the $SPY this week. The main reason I love the markets is how uncertain it is. We are testing a key level of resistance which is 289.00. I don't choose bear or bull I see that price domintates everything, so if SPY is uanble to break that level then we can fade back to the 200 or we will just continue the momentum up, maybe we will reach 300 by...
PCTY has also crossed below its bullish channel's support with high volume so it means the bull trend has ended. Probably it would go back to $98ish before continuing its move downward.