SolarCity poked its head off consolidation and looks ready to amke move higher. Overall, stock gained 400% since it became public. This has largely been driven by its attractive business model, which has allowed it to grow its customer base at a feverish pace. Unlike other installers who require customers to make upfront cash payments, SolarCity foots all the...
EURJPY finished from goes down. it can be clearly seen that EURJPY will reach the peak again at 139.01. I hope to make order as my illustrate. Make order when the market open. Have a nice weekend!
High-beta names feels a bit heavy at this point after a big run since mid of May. In Netflix, after it borke up bear chanel, it had a nice and clear move following the 8-day EMA from $350 to $475. It failed to hold above previous high $458. Right Shoulder was re-test of this resistance that is still in tact. Entry Short on break of neckline around $433-$434 could...
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock. It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention. Higher lows...
French index forming bear flag after bull channel was broken. comments on the chart. Check my previous idea in weekly chart for CAC40 and FTSE.
FTSE reached major level of resistance after Reversal Candle, then it regained moving averages and borke bear channel. That attracted many active buyers and we had nice follow through into major resistance 6875-94 that is in tact since May 2013. On Friday, it closed with doji, holding near top. At this point I think we need some kinf of rest or sideways action...
This healthcare company forming best opportunities and shlwing relative weakness on weekly and daily charts. Recent top was at $72, then it broke down and now if flagging near moving averages. I will be waiting for trigger. break down of this minor channel could give us good Risk/Reward entry with stop above $70.00. Add on break of $69.12. Partial take of profits...
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...
This strategy finishes the quarter with a + 14 % return , 3.8 % in April, 7.7 % in May, and 2.4% for June. For 2014 it is up 29 % . However the volatility is very high at 20.6 %. We are re-balancing the portfolio for the Q3 , 2014. Again , this system is for educational purposes only. Next update will be on 7/30/2014. Cheers Algo
European indexes ended the week lower first time for the last two months — something to take notice. French index CAC40 was the worst performer, broke its accelerated trend line and closed below 8 EMA. It will be healthy to see some type of consolidation after the big move up with a potential intermidiate target at 4,264 where 50 EMA is situated. But first it...
US indexes were up in early trading after New Home Sales data came out much better than expected. Consumer Confidence Index beats expectations as well. But later markets reversed, engulfed those gains and closed near lows. Lets see clues and points of adjustments (15 min timeframe analysis). After price reached resistance zone $195.50-.60 reversal candle appeared...
This airline company found strong resistance zone at $48-$49. Bounced off it very agressively with gap down zone from $44 to $45 which is powerful sign that sellers keep control on price. From fundamental point of view there is tension in Iraq - one of the biggest supplier of Oil in the worls. Break in supplies leads to higher prices and then higher costs for...
Stock came from $16 to almost $58 in year and a half but was sold off on bad earnings results almost 2/3 of it is initial move up. In such a strong tape I think it looks ready for move higher, as it found support at $33 and have built higher highs with consolidation support at $35-$36. It broke downtrend line to the upside with strong, green candle and building...
Pair formed its bottom around 1.35200 and broke up resistance at 1.35800. Above that traders accepted new prices and after break up of tight consolidation it accelerated to upside and topped at 1.36400. After such a big nove in short time it took some time to absorb this price action and it have built series of higher highs and lower lows - indecision pattern...
NPSP bounced off from $22 support that is in tact since November 2013. After consolidation it broke up $28 consolidation resistance with two ignited, green candles. Now it is wedging near highs and preparing to new move higher. It is not ready yet, but will be on my long list with trigger above $34.70 and stop below $31.50 makes this trade acceptable from...
Since the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at...
Intel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s. The PC market has been so mature that most analysts assumed that Intel’s future would be relatively...