NZDCAD is proving to be in a big corrective pattern. However, we are viewing current price action as a brief short opportunity till about 0.93004. Daily close below 093004/0.92531 confluence zone will open up 0.91823 black line support. We hope and look out for real bearish consolidation at 0.91823
AUDCAD has what looks like a bearish bias. However, further movement is structured to be choppy and we await break of 1.00745/1.00576 support confluence zone to confirm short positions till 0.99188/0.98880 confluence target. Further penetration of later support zone and black upward sloping trend-line support @ 0.98074 will open up targets to 0.96482 support zone .
$AFOM is looking to change the landscape with a movie set to debut new musicians and launch their carriers. Targeting the 'tween' market, AFOM could really see some major revenues and success with this movie. Research report is out on them, not a big fan of those, but I think there's some good stuff with this company. www.otcmarkets.com Worth a read for sure....
GBPUSD is proving equity is currently flowing into UK against major currency pair as this pair is tracing out a bullish structure. Current price action is well below key resistance zone of 1.31899/1.32922 and may have been overbought. Our view is that there is strong case for price retracement going into the week. However significant retracement is expected to...
Generally speaking it appears equity seems to be flowing into the Aussie crosses against minor pairs as AUDNZD traces out a bullish bias. However current price at 1.08999 is near critical resistance zone of 1.9307/1.9738 and hence further upside movement may experience some disappointment in this pair going into the week. Nevertheless, we expect price to...
Further to the earlier view that the AUDJPY pair was neutral, we have now adopted a bullish bias for the pair. AUDJPY pair appears to have traced out a bullish structure with current price action having acted like a bounce off 81.696/81.386 critical support zone. Next move appears to be shaping up for what looks like final wave 5 of a possible initial impulse....
USDJPY appears to be in what can only be said to be a rather complex corrective pattern in the bigger picture. However it does present some substantial trading opportunities. Current price is viewed as preparation for a bounce towards 115 area first. Close above there will target the 120 area as next realistic resistance. However we expect to see some price...
Further to our earlier view that EURGBP is bullish in the long term, we have adopted a near term view of the pair. Our view is that this pair has most likely adopted a bearish pattern, at least for the coming weeks, and our near term outlook is now bearish. Overall price structure seems to have traced out what looks like a truncated fifth wave upwards as shown...
EURGBP seems to be tracing out what seems to be the end of a complex corrective pattern. Price has already bounced off orange critical support trendline so further downside is expected to have hit headwinds. A daily bullish engulfing candle close of current price should bring price to touch critical resistance trendline shown first. Daily close above that...
the price is in a clear demand zone with confirmation.
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks,...
Adding this stock to my tracklist: no position atm. AEGON NV operates as a holding company, which engages in the provision of insurance, pensions, and asset management services. It operates through the following segments: Americas, The Netherlands, United Kingdom (""UK""), New Markets, and Holding and Other Activities. Its products include life and non-life...
To me this is pretty simple, the Dow was provided with support by the 50 Moving Average and appreciating, but the Coppock curve is still negative so I would wait till the 20,700 make to buy. Also the ADX Green Line has finally crossed over representing a new trend change. So I would buy until the Trendline resistance.
Caterpillar Inc has been one of the best performance since the Trump ellection. It's obvious that if you are planing to build a huge wall across the southern border, you are going to need a ton of machinery. This month, the stock took a dive due to some accounting issues. after a few weeks of testing the support, the stocks seems ready for a new bullish ride. We...
Adding this stock to my tracklist: no position atm. Distribuidora Internacional de Alimentación SA engages in the wholesale and retail sale of food and other consumer products.It also has Private-label brands, Stores, Franchises, Logistic platforms.The company was founded on July 24, 1966 and is headquartered in Madrid, Spain Website: www.diacorporate.com -...
HURN is coming off a fresh 52 week low area and it made a $1.50 move on Friday on the back of a recent analyst upgrade if that amounts to anything as I don't find analyst upgrades or downgrades useful but it tends move the price. $40 seems to be a good support and we want to wait for price to form a solid base here if this stock were to make a comeback and take...
P closed above 200 SMA and looking at the Stoch the stock appears a bit oversold. No target, ride if it goes well. Close if it don't work out.
$ABX is a great buy at this level. Been bullish since the start of the year. Had a retrace so its a perfect buy. Stock is oversold. Also crossed the 200 SMA. Long!