CAT is approaching our first resistance at 141.46 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 132.10 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in ...
BMY is approaching our first resistance at 52.39(horizontal swing high resistance, 100% fiboancci extension, 76.4%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we ...
Since Christmas Eve 2018 we've seen a vicious rally from the lows. On December 27th, I called for a rally to 2625 before I would try getting short again. Unfortunately, the pain trade has been on as nearly every technician called for resistance in the 2620-2630 S&P levels and my subsequent short call was stopped out.
Now that we've seen overall market ...
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW
==> OTHER THOUGHTS?: COMMENT SO WE DISCUSS
==> PLEASE TAKE NOTE!! DONOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION.
NETFLIX Sell Idea @Weekly Supply Zone (359.66 - 386.36)
Sell Limit: 357.15
Stop Loss: 403.00
Take Profit: 267.91
Risk Management = 0.01/$100, With Stop Loss
Risk Management = 0.01/$200, No Stop Loss (Recommended)
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:2
Close partially the contract once it reaches 50% of profit, Move stop loss ...
Already at the top of the Bollinger Band with fake news as support and divergence seen on both MFI and ROC... Notice how the current rally can fall under either red or purple channel... Regardless, both are steeper than the Jan 2018 melt-up (green arrow) which obviously did not end well. I'm bearish, but I may start to take profits at 260 support on short ...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Short and sweet comments here. The stock market has rallied so hard. It's actually pretty remarkable. The government is shut down, China has a showing of weakening economic growth, Big tech companies are preparing investors for ...