PRICE MAKING HIGHER HIGHS AND HIGHER LOWS INDICATING THIS UPTREND IS WELL INTACT. TRENDLINE IS ACTING AS A GOOD SUPPORT SO IF WE GET A PULLBACK INTO THE TRENDLINE/189.000 THEN THAT WILL BE A GOOD LEVEL TO GO LONG. IF PRICE BREAKS RESISTANCE THEN THAT WILL ALSO BE A GOOD CHANCE TO GET LONG/ADD POSITION
Here on the Japanese index we got a Bat pattern setting up where we are going to buy it up from previous support / structure level, but we still needs to wait for it to come down a bit more and the RSI come more close to the 20ish oversold condition, but its not a must for taking the trade.
Comments good or bad are welcome
Kind regards
Thomas Jeff
Although looking a bit choppy, the bigger picture on Gold still shows an uptrend with higher highs and higher lows. Price has touched the floor at ~1180 and rejected the trend line for a third time giving a bullish engulfing and doji bar yesterday, together with rejecting the 0.786 Fibonacci level and closing above it. Stochastic and RSI are in convergence and are...
SPHS has been testing it's resistance points higher and higher over the past few months after the sudden gap-down in mid-December of last year. Sophiris Bio Inc., a bio-pharmaceutical company developing PRX302 (topsalysin) for the treatment of urological diseases, has shown a recent development of their PRX302 treatment and doctors say it could serve as a viable...
You are looking at a DAILY chart of CYBR. Although I like to use weekly charts in my posted ideas, CYBR recently ipo'd and therefor the daily chart will work just fine for this idea. Please remember that daily charts will give us buy & sell signals that may not last as long as the signals on weekly charts. So keep your eyes on your money...
Cyber Security. ...
You are looking at a WEEKLY chart of BBRY. Since my last published idea on this stock I made a couple slight adjustments to the chart.
1) I added "many false breakouts" to the Recent Resistance label
2) I added another uptrend line and adjusted the one that was originally there
3) I removed all the "mystery chart" stuff since the game was over as quickly as...
If you zoom out on this chart you will notice that the market has rallied out of a bat pattern and returned to previous structure. You will also notice i have highlighted a potential reversal zone in blue, and from which we can assume that the market, as usual, will respect structure, and return to structure lows. Here i have two patterns suggesting a reversal in...
Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern...
You are looking at a WEEKLY chart of SBUX. Starbucks recently split the stock 2 for 1. The stock ran up into that split and is now digesting all that action. It has been lower for the last 3 weeks. But I expect SBUX will soon resume its trek higher.
In late 2008 and early 2009, SBUX put it a Double Bottom. In early 2009, SBUX began going higher. It has...
You are looking at a WEEKLY chart of Macys. This stock has been in an uptrend for 6 years!
As you look through a bunch of stock charts each weekend, you should be looking for stocks like this one. There is no telling how long this uptrend will last but the trend is your friend until its not. My advice, wait for a pull back to the uptrend line (UT 3) or a break...
From my last post in BTCUSD where I highlighted an 11-day rally pattern, the time expired and during that rally a NEW 11-day rally pattern emerged.
At the end of today, May 11, 2015, yet another 11-day pattern will form but will only trigger once another daily range is entirely above current levels. Don't count that until it confirms, but just making you aware...
MagneGas (MNGA) has recently had a large order placed to place acetylene in plants for an unnamed cement company (Argos Cement is being named as the number one suspect for the company who placed the order). This caused the stock to gain 10.1% up to .95 a share from its previous .84 a share. There was also a volume spike due to the breaking news the company issued...
Happy Mothers Day!! To all of you who give birth to our children, you deserve so much more than just one day a year...
Now don't take this wrong but when I think of the women in my life they all have one thing in common - Shopping! In the best way possible, they all love to shop or have accepted the shopping "chore" as I refer to it. Shopping is a HUGE chore...
As described in my previous Bitcoin chart, we had the possibility of a weekly downtrend signal to fail, providing us with an important clue towards a resumption of the bullish long term trend.
As Tim West points out in his own analysis, there is accumulation going on in the background, and there hasn't been a new low in some time since we hit the 150 zone.
The...
Hi everybody !
USD has been the strongest currency since the end of 2014 summer. Does the speculation on the dollar is ending ? We are close to know it. After FOMC Yellen speech saying that FED won't be impatient to raise rates until economy recovered well could left the dollar uptrend out of breath. Moreover the stock market pressure could push Yellen in...
EFX has been in a pretty good trend since 2012. There have been a few pullbacks which would have been too deep to wait out. But more recently it looks like price has begun to trend again quite nicely.
As yet we are not seeing a good linear trend. After the fake breakout below the 200sma on the daily chart (October 2014), however, the daily 50sma has provided good...
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
