MCPHY Energy - 30d expiry - We look to Sell a break of 12.45 (stop at 13.14)
Daily signals are bearish.
We are trading at overbought extremes.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of...
MCPHY Energy - 30D expiry - We look to Buy a break of 11.61 (stop at 10.69)
Prices have reacted from 7.550.
There is no clear indication that the upward move is coming to an end.
A break of 10.60 is needed to confirm follow through bullish momentum.
The bullish engulfing candle on the weekly chart the positive for sentiment.
Our profit targets will be 13.88...
MCPHY Energy
Short Term
We look to Buy at 12.58 (stop at 12.01)
We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.60. The primary trend remains bearish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit...
MCPHY Energy - Short Term - We look to Sell at 15.01 (stop at 16.66)
Previous support at 15.00 now becomes resistance. 20 1day EMA is at 16.00. Trading volume is increasing. The primary trend remains bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 9.54 and 7.15
Resistance: 15.00 / 18.00 /...
On a cassé le range par le haut hier, on observe aujourd'hui un pullback qui vient retester notre rectangle suite au rejet de la chiku par la Kijun, s'il on clotûre au dessus du rectangle ( et que la chiku nous confirme) on aura un fort signal haussier, avec une target clairement définie.
Sending a scout. Buying with little risk like J. Livermore recommended (mine 0.5%). And if BO at 28 add 0.5% more. There is a good momentum this year. Hopefully after the contraction the expansion.
