Hi traders :) I'm Guario, and here are some thoughts about FCA possible future price action. Today FCA bought PSA becoming the fourth biggest automobile group in the world. Talking about its price analysis we can se that the italian title has broken a resistance level along with a Stochastic oscillator divergence. With the last candle, the price has also overtaked...
Amex Weekly Broke Out of From The Down Trend Line Taking Out Some Major Highs, Now The Market Has Retraced and Created A Bullish Engulfing Candle Stick Formation With A Counter Trend Line Break. On The Smaller Time Frame You Can See That The Market Have Retested The Weekly Candle Formation And Is Expected To Move Up Bullish, If the Market Decides to Fall More I...
The price reached a strong resistance zone formed by the uptrend line, the upper Bollinger Band, and 100.00 round number level. RSI reached the overbought zone, and it will be able to confirm the price reversal by a solid signal. If you have the opportunity to sell this share, it is possible to do with entry level below the low of the 1st bearish candle and...
Pressure is building and a breakout could be imminent. It's taken 6 years from May 2013 where the high was 1816 Needs substantive news to make the push over the 1750s
Chart is pretty clear with stop location and sellers are waiting above, so that is where you pull stops tighter etc. Happy trading!
So far the break of the stock seems confirmed, now at 30 level. A break of resistance is the next confirmation to add another long position. Next resistance expected at 32 level and 4 hour 200SMA. Good Luck!
We're in the week that traditionally Santa's rally begins. Sales of tax losses usually end after the 15th of this month, so the coast is clear. At the same time, no one has forgotten the slaughter in the stock markets, which began at the same time last year. Well, do you believe in Santa and his rally in 2019? Yes, I was an obedient child during the year and I...
Welcome to PrimeXBT’s technical analysis of the Uber, the ride-sharing company that recently launched the largest IPO of the year. News and Fundamental Analysis: This year was a year filled with many high-value IPOs buzzing around the investment industry. The company’s revenue is expected to grow by over 60%, helping it top the list of IPOs with a substantial...
Look at the chart where the price moved out of the Bollinger Bands. I marked two good bullish signals, and the market moved upward after that. The same pattern we have now, but it is bearish. The price is out of the Bollinger Bands, and it bounces from 126.00 resistance. RSI confirms the price reversal. This market gives us a sell opportunity, and we should be...
The DAX 30 index surged to the highest since January 2018 on Friday following the US-China trade deal. But the index has come-off sharply from there. DAX is likely to trade sideways after the German Manufacturing PMI missed the estimates. Services PMI rose to 52.0, up from 51.7, matched expectations. The nearest support bellow is H4 50 SMA and the middle line of...
Using our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Long 5th Wave Swing Trading Opportunity for PYPL on the Weekly time frame . The 5th wave move in an elliottwave sequence is the highest probability move. The wave 4 pull back has found support in the Amber zone of our probability pullback zones, which represents an...
Will BAB break out from its H&S pattern which started in Dec 2018 ?
The DAX30 index currently faces a challenging resistance area at 13,190. The index is holding the rebound from the 23.6% Fibonacci retracement of the October 4 low (13,879) to November 19 high (13,338.25) rally at 12,970. The 55-day moving average has risen to 12,827. Yet the positive slope in the 55-day SMA that increases distance above the 200-day EMA suggests...
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I would like to say - it is the perfect market for buying. The market has been falling for 1 year. It reached the bottom. We got a confirmed trend reversal signal. The market started a new uptrend. Now the price is at the uptrend line and it gives us a very interesting buy opportunity. Stop orders must be placed below the uptrend line. Profit targets should...
Brought to my attention in this article last week: Is Sprint Corporation (S) At Risk Of Becoming A Penny Stock? Several valid points on this front, namely how Sprint continues to "F" up and find something to blame it one but themselves. I'm surprised TMUS is still entertaining this at the bid price they said. I would think that it would probably be much less...
After a bad IPO and falling stock price, we might finally be seeing a bottom at the end of the year. Overall, UBER had a very disappointing year, not to mention license problems in London and cases of sexual assaults. As 2020 starts big investors will be looking to invest in cheaper stocks and hold for the year. After a big sell this year, UBER looks attractive as...
Recent spike in shares was due to the successful launch of the Disney streaming service. Now price forming a head and shoulders pattern with divergence. Waiting for a better formed right shoulder to form for earlier entry and better risk-reward. Good Luck!