AS we can see, we may be getting a third wave rise after the retracement which would result in a price range between the 2 green horizontal lines- this could result in a +/- 20% ROI in a relatively short amount of time. OF COURSE, this setup can *easily* be invalided because the company only recently IPO'd and wave analysis is hard, but this one is turning out to...
Potential bearish outlook for the US30. Momentum slowing down, resistance at 25500. On the other hand, price strongly respected the 25000 mark, so let's see if that holds.
MSFT Monthly chart New highest peaks coming! It continues to move in the bollinger upper band for five years on monthly indicators, will continue to rise and will form new peaks Indicators and oscillator averages are positive, there is not any reason for to rise. Hourly charts may have ups and downs What matters is the general trend and general trend is rising ...
Fibonacci and formations worked very well. On the monthly chart I also pointed to the returns from the Fibo supports and resistance. 17.73 (0.618) - Even if it turns, it can continue to move up 20.65 (0.5) - Important and equilibrium point 23.56 (0.382) - Most likely to return The first target is 20.65 but 17.73 is important too. You can sell at here and...
This is the scenario we are currently looking at (EXPLAINED BELOW): As you know, we recently had the WORST Dow Jones single-day drop in history. (That's the last I'll speak of the DOW, now lets analyze a true index). The S&P has shown us signs that maybe it's ready to correct too. We see the weakly chart giving us a STRONG bearish engulfing candle at a top with...
I couldn't have asked for a better setup. We are in a GREAT buy zone (between 2 green dashes) and WITH A BREAK of orange trend line, my oh my. We are going to be flying. A fundamentally sound growth company like this... what more could you ask for!? QUESTIONS WELCOMED BELOW. I WILL KEEP UPDATING THIS TRADE AS IT PLAYS OUT!
This is NOT a buy signal. We are not there yet. FB may have more down time to go, and in my opinion, it still has a ways. HOWEVER, from these buys levels, FB looks like an impressive opportunity for some growth. THIS WILL BE UPDATED: As the trade opens up, the idea will be updated as we evaluate an entry point and then ride up to a take profit. STAY TUNED