Could have a retracement to 298-308, but for now demand is remaining in power. I am aiming at 330 as next target. A break upside 324 would be a good sign that we are moving toward the area
Daily
Weekly
Signals
Position: short Entry price: 286
Target: 272 SL: 275
Indicators
RSI is reversing from a position of overbought: good time for a short
DMI - is reversing indicating a bearish trend
Both Keltner channel and Bollinger bands indicate a strong trend
Pattern
The price is bouncing between the support and the resistance lines and...
very slow mover! so like always shares are better than calls for the names, breaking downtrend channel here, looking for a test of TP 2 in short term. ticker can turn beairhs if we enter the downtrend channel again, be careful! :) good luck as always. like and follow if you enjoy my ideas <3
very strong uptrend here, look for a small dip on RSI before entering, use bottom trendline as entry/support zone. i would not enter unless i saw a dip to 260-265 here. goodluck, dont forget to like and follow <3
Long and short SHW
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
* Possible closing of a trade before reaching the take zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date...
either we bounce of the trendline an continue up towards 800. or we pull back a bit. if long use a tight stop. remember to take profits where you can ! gl :) leave a like if you found this helpful <3
NYSE:SHW is forming a symmetrical triangle. This is a name with lots of momentum as it has been going up consistently for the past few months. Look for long entries with more reward than risk. First target would be previous highs, 2nd target is all time highs. Refer to the stop loss level in the chart.
While many stocks are rapidly falling, large number of stocks in the Materials sector are not doing badly. Sherwin William (SHW) is a typical example. The stock price recently made higher-high and a pullback to value zone might worth waiting for before buying the stock...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
