An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Again the same argument. The price is breaking a key resistance line from a weekly view, now we need to wait for the pullback around the 10.10 level so that the price consolidate this new earned ground and then the resistance line become a new support. The argument for all of this is a bullish Oil Futures. This time I am a supporter of a long term trade based on...
Move beyond year long base Breaking key psych. level at $10 Daily view shows 14-week double bottom Daily view shows strong volume Wait for completion of weekly bar.
If this stock follows the channel it's in, it should increase by 25% over the next month.
ERF has had a large run up relative to other companies in it's industry. There is a large wick with large volume, this is a sell signal to me. I'd pair this short off with some long XOP but either way I believe it should work.
Time to hold this for a week. He hit support and bons back.
see below first-use gap up stop loss
see notes below-all indicators good
Long > 7.75 Stop - 7.49 Target - 8.85 - 9 - 9.5
Just my thoughts on this one. This is coming from a request. :-)
I like this pattern is because the nice recovering this week, the breakout is going to be big, the volume concern a little be.