Price is on support area , long view till the triangle resistance.
From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good...
Daily chart chows – Falling trend line has been breached, however, RSI is close to being overbought, while money flow index is going nowhere Hence, failure to take out 175.45 (March 8 high) could yield a pull back to falling trend line level of 165 and 160 (23.6% of July 2015 high – June 2016 low). On a larger scheme of things, the stock appears on track...
The chart speaks for itself, we have a very clear downtrend here, after breaking below the key earning levels above after the 'Brexit' induced volatility spike. We can enter shorts for continuation here, and look for prices around the 70 handle, without being overly optimistic (or pessimistic on European banks). Price has to stay under today's high for this setup...
Broke support, below the 2011 low now... Possible rebound between 117.45 and 104.56. Beyond that we have the next abvious support at the 2008-2009 level...
This little fella was one of the plays on my lengthy post-Brexit list ... . Here, due to the cheapness of the underlying and my not wanting to be married to the trade longer than necessary (it might have further downside), I'm going covered call and tight in with the short call (also, if you go further up with the short call, you can't get squat in premium to...
We have to keep instruments like this under a close eye over the coming week. Although a lot of indicators and paterns pointing to a breakout, it is clear that Brexit worries are keeping it down for now. I expect it to be a flat week until Thursday evening/Friday Morning of the 24th. Neautral But I like the repeating Head & Shoulders bottoming patterns!
I have had BARC in my sights for a few months now and it is starting to pick-up. Will continue to see what happens from next week but we could see a bottom here.
Pattern – Falling trend line intact, possible inverse head and shoulder formation ahead Support – 159.35, 152.70, 148.25 Resistance – 162.63 (50-DMA) 177.55 (10-DMA + falling trend line), 183-185 (possible inverse H&S neckline Again, failure to take out falling trend line resistance if followed by a daily close below 50-DMA would add credence to the...
Short - Following the Multi-year Trendline support Break ..... in November 2015. I am short from 233,00 as called live in our Trading Pit with Assad Tannous... Adding the 'Analysis' to my Profile now as I am at the desk, with a few spare minutes..... Since Shorting @ 233. I have taken 1/2 of my initial position off of the table and tightened stop.... remaining 1/2...
Barclays and other world banks are currently battling a probe regarding their manipulation in the forex markets. Unlike other banks, Barclays has refused to settle and wishes to battle it out. This could have long term negative implications for Barclays. The loss of a license would be a painful disaster. Technical: Barclays has been stuck in a long established...
Looks really good on the weekly. Bodes well for $FEZ in general
There are oportunities to be made with this triangle pattern. I will buy some stock right now until the stock hits $19.00 and sell it again. I expect the stock to break i don't trust Aroon as the stock is more close to it's 52wk high than low. Wait and see. I wil edit this one again in the future to see what was the response.