This major cap biotech company borke its major support at $150. Now it acts like resistance. ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET) IBB (biotech ETF) looks very weak.
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86. That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55. BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
On daily chart it approached previous lows which could act like support. On 15m timeframe it showed some strength, broke up resistance in the morning which became like support. I am watching for buying opportunities close to support and will add through down trend line and intraday high.
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down. There is no well defined level of support confirmed by price action, so...
Apple (AAPL) was down yeasterday 1% . In the morning it went through prev high of the day and gave another $3 up move but reversed and get back below our pivot point at $601 with engulfing bear move right to $597.29. I started to trade it for Short on retest of failure point at $601 and when it confirmed resistance there from another side it built some...
This retailer broke down t-line that was intact since April 2013 with powerfull gap with pivot resistance at $70.51. It signaled about change of sentiment. THere was nice bounce play from that resistance on 4th of April and from there formed intermidiate downtrend form one side and higher lows from another (indecision, wedge). Overall market is sitting on...
Selling from highs of flag, added when it broke down $1.09550. Holding my stops above recent swing highs.
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind. Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...
Despite a strong jobs number on Friday the USD wasn't able to move higher huge. The Trade Idea: Usd/Cad Put Entry price: $1.09800 then $1.09550 then $1.09400 Target price: $1.09200 Stop level (don't want to see price higher than): $1.09900 Why I like Usd/Cad Put here: 1) Weakness after break down of $1.10160 with further powerfull move means that sellers...
Pair found bottom after downtrend and sentiment changed to the upside. Now it is flagging/consolidating. Need some catalyst to attract more active buyers and investors. Interest rate decision tomorrow could be one of them. I will put feeler here with STOP below support zone at $0.92500 and will ADD more through $0.93000 on break up of "handle". Potential TARGET...
USD/JPY gapped down on Monday after very squeezy friday on US job report. If sellers want to keep control thay don't want to give up 102.97-102.174 area (gap zone). That break down of intermidiate support looks powerful and we can see pric etesting bigger support at 101.350.