Avoid thinking too much and simply buy above the Blue Line.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade.
The Blue indicator line...
$SE Looking overbought after tagging upper channel resistance yesterday.
Target $10.00 by mid to late February
Note: Informational analysis, not investment advice.
$SE is a stock I have been watching very closely. We can see a primary and a possible secondary resistance trend forming. This company has exploded the past few weeks but will the upward trend continue? I want to hear what you guys think down below in the comments. In my opinion I think this company is a great long term buy with huge gain potential, with the...
After bottoming in December Spectra is pushing up against resistance at 36.50. Good volume and heavy uptrend indicate that it is only a matter of time before this stock continues to go up. This is a wonderful long term hold stock as it has a great dividend and is undervalued by most analyst estimates. The price crashed with oil as the energy sector tanked but,...
Spectra Energy:
A price channel has developed over the last two weeks. A double top on Dec 10 indicated an uptrend that should end tomorrow with the completion of an elliot 1-5 bull impulse. Conversely, an ABC corrective pattern may occur just above the resistance level of 26.
Next, SE will drop towards 21$/share following a drop in oil prices. A drop in oil...
The weekly chart shows that over the past three months Spectra Energy Corp. shares shaped up the support level at USD 34. RSI shows a strong bullish pattern. The stock price is again approaching USD 34 and we expect it to retrace next week to USD 35, the resistance level of the falling band
My forecast participates in the Market Forecaster contest. Follow the link...
