Technically Speaking Price is testing the 2013 low prints around $10. The first level of resistance is near the $30 level. The R/R favors the long side, in my view. I would exit on a move under $8.
Marijuana industry is bomb. High volume at a technical level. Level was breaches just before close on 10/24. Going to go wild in the next month up to Nov 8 voting for marijuana legalization in a handful of states.
Technically Speaking CVX is holding the $100ish pivot level. The longer it holds the more likely the next move will be to the upside. Fundamentals Here is a company summary. What to do? First, is this a trade or a long-term holding? What is YOUR time frame? You have to decide. The R/R favors the long side, in my opinion. A long position here, stopping...
Technically Speaking Euro has broken support at 1.0950ish level going back to July. The next level of support is down toward 1.08. The line of least resistance seems to be to the downside at the moment. What to do? If you are short, nothing to do but wait. Hold onto a winning trade for as long as possible. If you are long, I would be looking for a close back...
Technically Speaking Currently, price is trading near the 2015 low prints around 25ish. For now, the main levels to watch are the 25 level on the downside and the pivot area noted on the chart. As noted on the chart, if I were long or looking to get long, my get out price would be under 20.00 Fundamentals Summary of GameStop's business. Here is a good ...
Technically speaking A nice range forming b/w 6-11.50ish. Fundamentals When dealing individual stocks, I always encourage at least a basic understanding of what the company does. The company could be under investigation or have accounting irregularities. This stock apparently has both. Here is a quick rundown. seekingalpha.com What to do? Always try to...
Technically Speaking Acadia Healthcare Co is sitting at a support level that was last tested in 2014, roughly 40. Will it hold this level? Who knows. What to do? Looking at the chart it would seem the R/R favors being long at these levels. A stop somewhere under 36 makes sense. Just have a place that you will EXIT. The number one job of a trader is to protect...
Technically Speaking Demand at 320 has held going back to February of 2015. If that level fails to hold, the next level of support is at 260, 18% to the downside. Risk What is the probability of a permanent loss of capital? How much of my capital am I going to put at risk? 1%, 3%? You have to make this decision. Remember, deep drawdowns are hard to come...
Technically Speaking Price is approaching the support zone, say 72-76 level. The next support level I see on the chart is the 61ish level. For me, the better R/R might be waiting for the latter level to be tested, but it may never get there, that is the risk you run by waiting. Note, if you are a buyer at these levels, determine where you will get out. If you...
Great company, horrible stock, looks ready to dump more. Potential support at 63-64.
The EG seems to have formed a double top on the 4HR chart. I am looking for a break of the single line trend line, then a hook back up and then I will be in the trade. I will be using the fibs as a guide line and my two major previous S/R targets are 0.8545 and 0.84434 but I will be looking to trade this to the bottom of the sideways move. If you'll check my past...
Over the last few weeks we haven't really made much progress in the USD/JPY because there haven't been any significant touches to the trend line, besides the Hanging man that was formed a few weeks ago that gave us our initial bias on how the market will be moving in the net few weeks. Anticipating 400 pip move down into 97.500 fairly soon.
Short-term daily moving averages – 5-DMA & 10-DMA are still sloping downwards. Accordingly, the cross has failed twice 132.40 at a time when the hourly MACD has turned bearish while the price has formed bearish divergence with hourly RSI. This suggests the pair could test double top neckline level of 131.63 and may actually breach the same and retreat to 131.00...
FUNDAMENTALLY: COMPELLING GROWTH AND EARNINGS PROFILE LULU is a specialized sportswear company with superior growth (revenue CAGR +24%) and profitability (ROE >20%). The stock was recently hammered on earnings which were in line, probably due to a rich valuation. This provides an entry opportunity into the stock. TECHNICALLY: STILL SOLID AFTER THE DIP, AND...
Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
Indecision. Triangle. Range. Which direction you choose to trade ? Up/Down ? Right answer is no one !!! Market is indecisive. When that kind of conditions , stay away. It's best for your account , as to your mind. Wait for clear break in either side and then decide which direction market is likely to go.
Bearish bias on pair and price has formed a shooting star at Res zone. Stops above previous swing high. Target 1 127.00 Target 2 125.00