Ford - 30d expiry - We look to Buy at 11.63 (stop at 11.09) Short term momentum is bearish. The trend of higher lows is located at 11.60. We expect prices to stall close to our bespoke level (11.60). Trading has been mixed and volatile. The previous swing low is located at 11.13. We look for a temporary move lower. Our profit targets will be 12.97 and...
Novavax - 30d expiry - We look to Sell a break of 15.49 (stop at 17.01) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Prices are extending lower from the bearish flag/pennant formation. Posted a bearish Flag formation. A break of 15.50 is needed to confirm the outlook. The bias is to break to the...
AT&T - 30d expiry - We look to Sell at 20.68 (stop at 21.62) The previous swing high is located at 20.90. There is no clear indication that the upward move is coming to an end. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Resistance is located at 20.90 and should cap gains to this area. Expect trading to...
Air Liquide - 30d expiry - We look to Buy a break of 134.52 (stop at 129.88) Posted a Double Bottom formation. Prices have reacted from 114.44. Posted a bullish Flag formation. A break of 134.30 is needed to confirm the outlook. The bias is to break to the upside. Our outlook is bullish. The primary trend remains bullish. Our profit targets will be 145.88...
The Boeing Company - 30d expiry - We look to Sell a break of 168.38 (stop at 175.05) We are trading at overbought extremes. Trading within a Corrective Channel formation. A break of the recent low at 168.50 should result in a further move lower. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The bearish...
ASM International - Intraday - We look to Buy at 232.1 (stop at 219.8) Levels below 230 continue to attract buyers. Trading has been mixed and volatile. A lower correction is expected. Bespoke support is located at 230. Further upside is expected although we prefer to buy into dips close to the 230 level. The primary trend remains bullish. Our profit...
EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8) We are trading at oversold extremes. The trend of lower highs is located at 370. The previous swing high is located at 375. We look for a temporary move higher. There was little net movement as we continue to consolidate within the 280 - 310 range. Although the bears are in control, the...
Sanofi - Intraday - We look to Buy a break of 83.71 (stop at 79.98) We are trading at oversold extremes. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. 83.58 has been pivotal. A break of 83.60 is needed to confirm...
ST Micro Electrics - 30d expiry - We look to Sell at 38.14 (stop at 39.33) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.21 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Our profit targets will be 35.14 and 34.14 Resistance: 35.00 / 36.00 /...
This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also...
As I've finally started working full time again, I'm trying to develop an investing strategy that works for me moving forward. Because I've been fairly good with my own trades and finances over the last several years I decided to continue managing my own portfolio for now. Currently, here is my strategy for investing in companies. It's really just a 3-step...
With the latest US earnings season underway, plenty of investors are still wary of making investment decisions. They hope that the earnings results will serve as guidance as to how the next few months will look like before factoring in fresh monetary policies and inflationary measures. Earnings and the S&P 500 In the lead up to the earnings season, A...
ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59) Prices have reacted from 19.40. A break of the recent high at 22.40 should result in a further move higher. Short term bias has turned positive. The RSI is trending higher. This stock has seen good sales growth. Our profit targets will be 24.92 and 25.72 Resistance: 22.50 /...
META has sold off nearly 70% from its ALL TIME HIGH of $380. I'm looking at Bullish Divergence in the weekly RSI. If a base is starting to form around the $116-$126 range, we could see a higher low establish around this range. Likely a good price zone to Dollar Cost Average into a position. If a base establishes, this could be a range where you get some shares at...
MCPHY Energy - 30D expiry - We look to Buy a break of 11.61 (stop at 10.69) Prices have reacted from 7.550. There is no clear indication that the upward move is coming to an end. A break of 10.60 is needed to confirm follow through bullish momentum. The bullish engulfing candle on the weekly chart the positive for sentiment. Our profit targets will be 13.88...
Twitter - 30d expiry - We look to Sell at 51.88 (stop at 55.11) We are trading at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. This is curremtly an actively traded stock. In our opinion this stock is overvalued. The previous swing high is located at 54.50. A higher correction is...
FuelCell Energy - Intraday - We look to Sell at 4.33 (stop at 4.61) Price action continued to range between key support & resistance (3.15 - 4.40) and we expect this to continue. Daily signals are bearish. Preferred trade is to sell into rallies. Levels close to the 50% pullback level of 4.34 found sellers. 4.39 has been pivotal. Our profit targets will be...
ING Groep - Intraday - We look to Buy at 8.484 (stop at 8.169) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 8.500 continues to hold back the bears. 8.193 has been pivotal. We look to buy dips. Dip buying offers good risk/reward. Expect trading to remain mixed and volatile....