I somehow missed this chart before due to its short history. My data goes back only to 2015 and there is no weekly 200SMA as yet. However, it looks strong.
From simple price action perspective, we've been in a decent uptrend since price broke above $50. Currently approaching major resistance at $100. I would stand aside until we see price above this level. I am...
This is one of our favourite stocks. Most Dynamic Traders have multiple positions, whic are in good profit. I have been buying into AMAT since summer last year and it paid off quite well, although I could have chosen a more aggressive compounding method. Nevertheless, price is currently dealing above $40 and triggered me into another position. I am looking to add...
targert 1 is 20500
then sshort it to 19000 * the second target ..
if the price go out that tringle exit the trade ,,,
see you at the next trade ..
check out all my ideas you will be more trust about my vision . see you at the targets :0)
The Dow Jones Industrial Average (DJIA) has made a quick and powerful bounce from 17883 to 18873 points (Thursday). It represents a 5.5% increase in only one week. The victory of Donald Trump has apparently raised the idea that the new policies might spark a stronger economic growth.
After that short term progression, we can clearly see that the underlying trend...
The S&P 500 has just broken its support area at 2119 points ; before that, we would have expected a bounce because that area prevented two bearish attemps.
On a break out of a support like that, we usually search an opportunity to enter short. But here is the problem :
- The previous peak (2154.80 points) seems too far to put a stop above it. The first obstacle...
Exxon Mobil, major oil company, has just published its quarterly results. Its profits went down (2.7b$ vs 4.2b$ the previous year). Its cost reduction has not compensated the lower margins due falling oil prices.
Due to this, the stock has opened today with a bearish gap and has drawn a shadow at 85.50$ which is the lower bound of the flag.
Technically, we can...
The VIX, also known as the fear index, is calculated from the price of options, in other words the cost of insurance against shifts in the market. When investors are willing to pay more to protect themselves, it means they are worried about the near future.
Currently, and since a few months now, the evolution of VIX can be described on the following two points...
Amazon is in a fast upside trend since early February (+72% in less than 9 months). The stock is making new historical highs frequently. On that situation, we are looking for short term regress in order to get long. Here is exactly what is happening :
- Beginning of a bounce at a 38.2% Fibonacci retracement
- Matches with neutrality area on the RSI (bounce at 50...
Hey Traders! Keep an eye out for the completion of this triangle and potential continuation of bearish movement on the S&P. May start looking for short opportunities if we see a bearish impulse after wave-E of the triangle completes. Updates to come as the tide rolls. Happy trading!
As I see it four possible levels with the use of moving averages, trend lines and fib levels.
First level is at ~17900, next level is between 17558 and 17460, next level is at ~16468 and next level is ~15476. It possibly might go lower if September rate hike is announced.
In any case, with the current strong momentum after a coiling of the price, I...