Possible long position- could trail SL, SL could initially be placed 10 pips below the 200EMA
Momentum trade- possible long using trailing SL once/if resistance line is broken
Momentum trade- can use trailing SL and start with stop at 200EMA
Momentum trade- use trailing SL- could start with SL at 200EMA point. Peace & Love
See chart for momentum position on short side- using trailing SL
This stock (WBA) offers a very nice entry opportunity. It has been falling over the last days, mainly due to earnings report. Despite earnings beating the consensus , the stock dropped 12 percent in the pre-market. Nevertheless this company is still doing well and there is a potential for a long -term trade or maybe even for an investment. WBA is currently...
Abercrombie & Fitch ANF american Stock short opportunity at weekly supply level. Abercrombie weekly supply level around $27 per share has taken control, the imbalance is very strong with lot of room for price to keep on dropping much lower to lower weekly demand level. There is a great daily supply level around $27 that also gained control. Nothing to stop price...
Netflix is reaching the upper resistance level of the rising wedge (usually bearish) 380 level. Be aware of the potential reversal here or at least a short-term pullback.
It is been noticed on a Ergodic oscillator that we have an extreme negative divergence on $SPX ahead of the FED meeting. Watch out and pay attention. Take some profit here.
Almost everyone has noticed the bad news about the KHC, which is owned by the legendary investor Warren Buffet. The fundamental analysis could still point to further weakness, but the technical analysis might be a bit more optimistic. We can see some nice patterns on the shorter timeframes (1H-4H). After the big drop, a consolidation triangle had formed, which...
Everyone has been asking in recent days how far the crash in the Boeing stock will come, In terms of technical analysis (Without entering into the grounding incident of plane 737) the BA price has touched strong support at 369 called kijun sen (Ichimoku indicator) which can stop the declines and cause further gains (10 % or more potential) Buy BA: Entry Price:...
Price is currently at strong resistance, we can only see a bearish move possible to our red resistance zone in the next few weeks. This is due to the state of the US economy and the weakening strength of the stock market, the stock markets are in a bearish mood this week and this is because people are starting too get scared and realise what a mess Trump is...
TRADE IDEA Entry = 51 (if it hits before breaking out) Target 1 = 52.09 Target 2 = 52.88 Stop = Daily close below 51 Trade is invalid if it drops to support based on bad news.
The resistance zone identified with red is a stubborn area. SPY will have to push hard to get through it. If it falls, it will likely catch support at the daily support line of 277.45 and it almost lines up with the bottom trend line of the channel as well further strengthening the support. If it breaks the channel, it will likely catch support in the support zone...
$AAPL didn’t do much throughout the week and stayed in a range. It gapped up at the start of the week, hit the breakout/resistance level and sold off from there. Weekly Outlook chart is in the related ideas.
I want to increase the number of post for Stock markets, and add big companies in my list too. It will be interesting to compare how different TA tools and strategies work in Stocks markets with different capitalization. Today, I think, Tesla company looks interesting for buying. The price dropped from highs, and now it stays below 300.00 - the 1st support level....
$AAPL hasn't done much in the last 10 day trading days and has stayed tightly range bound. Upcoming resistance area is 175.57 - 176.94. Once this resistance is cleared, its most likely headed to 181.50 and then 184.70. If there is a sell off next week, it will most likely bounce from 168.39 - 167.19, and will also find support at the up trending line. AAPL is a...
Visa is breaking above the strong upside resistance 145.50 level which is opening a further upside continuation into the 147 level and further upside.