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...
This pair weakened recently, bigger H&S developped which resolved to downside with strong follow through. Daily chart is bullish above all key moving averages, but on my intermidiate timeframe I identified some weakness and want to make quick trade. Trigger entry short: 1.68665 Stop above recent swing high: 1.68750 Target is bigger trend line which could be our...
First signal to reduce your expousure if you are long. Broke down and close below 8 MA first time after break up of flag. Some consolidation after big 2 days move could develop. Minor short vs intraday's high at $1314.79 makes sence. Next buyable area (and targets for those who want to be shorters from here) is at $1308 then $1304
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.
Gold had a nice action, acted well according to our plan from friday's morning note: "Some buying interest resumes in Gold . It found some support at $1281.50ish, broke up intermidiate resistance and we can see $1290 soon. A break bigger down trend line could set it back in motion and attract more active buyers." Now we have close above short term moving averages...
Still above major trend line, building a nice upper level base, pretty wide from $64.30 to $70.40. It means that we have room for potential trade. There was Red Dog Reversal on 24th of April with nice 2 days continuation. Stopped in front of support with one day rest and another nice bullish candle which could be enough to open position. Stop loss below pivot...
ADBE entered in a nice uptrend since the beginning of October. Then after it built a nice upper level base that resolved to downside move then we had another point to make adjustments when it broke down trend line that was intact since previous year. After that stock enetered into range bound type of market and found some support at $60. It showed some commitment...
ZU was beaten to downside from $73.3 right to low $40ish. After two green days with nice close near highs it looks poised to make a move higher to next resistance at $44ish then we have down trend line resistance at $46.80, stop below $40.70ish low of the day makes sence. Short float 38% could add fuel to potential upside move.
Put in bottoming tails and then went through pivot high at $301.84 for additional gains and closed near highs. New point of reference is $304.58 above that i want to be a buyer till the next resistance at $311.5. Just quick trade here for another potential move up next day and a half.