Nice resistance for the index, if not up, watch-out for heavy selling.
Looking at a monthly chart for the past major 2 corrections, one can see that there were some indicators on a macro level already. The ones who took precautions made it out the best On a monthly chart all, RSI, CCI, and MACD had a correction looming - RSI and CCI had a trend line squeezing it to the top, and once close to be broken + being on high levels, some...
Either it picks up, or look down below! Barely room for a give in from bulls.
What can i say, even a blind man can see the similarity. Cation ahead!
Contrary to the weekly and major outlook for Nikkei, there is a possibility of a run after a break of the triangle. Drew some possible trajectories, but use on own risk. Strong resistance ahead from the long term tops
Made this chart today but decided to post after Technician confirmed the idea. It does resemble the previous price action at the resistance, and some indicators, though not that indicative on an index and weekly show there is some room to go below
Sorry for the mistake, check the chart in Day grain, mistakenly forgot to revert back from Weekly JCP has been licking the recent ceiling for quite some time, and ER is 20 days ahead. So far it looks like a major bearish pennant as it s formed on a/after a down trend. Yet still it is kind of out the major down trend. I guess either positive news, and most...
In regards to the identified trends, don't know where it will go - but look how it changed direction and bounced off the support and resistance
Republishing the last chart again - seems that the price indeed likes to bounce and stop from the identified trend ranges. Earnings come in 2 days and as in previous multiple ERs, being at the 4.5+ area the price went down. This year they provided that PC shipments went up this year, but how well this is going for AMD is yet to be disclosed. ER is as risky as it...
While trading within a well defined trend, touching the resistance of the trend the stock rushed down and currently consolidates with a low change (compared to the previous 2 day selloff) at a strong resistance point. Should resistance hold, it is possible to break up to 19. As Vince noted, once it broke off the 14 range, it went straight up to 18. Yet still, the...
An update to an idea of LEONES . Can't deny the trend is there. And CCI seem to diverge from the price action again. But as timwest notes - when it becomes too obvious, it may start to do the opposite? RSI follows the price and has room to make another run up - enough to break the trend.
Was looking on old charts of people from here and found this great idea from littleriver. His observation was superb, pity i was not trading at that time, but it was so obvious, the forming of the bullish falling wedge was aking to be a success and right after that it goes straight up in a, yet again, well defined channel. Alcoa shows many occurrences of well...
Although there is a gap to fill, on a weekly looks like a cup and handle. With this, the long term lows are higher than the previous ones, and the cups handle closed the same range as the cups edges. A slight higher high on the handle side, but a lower high on the intraday trading was made on the handle's end. Volume is within the normal range on the handle what...
Price is trading within a specific range recently, and is in a good set up to turn up towards 20. This is an old resistance and i would see a lot of profit taking at that point, and if breached, a runup Currently the price is making higher highs and higher lows, so the bullish trend is in tact....but as TimWest noted once, if something gets too obvious, it gets...
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time. Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
As pointed out by JXMFinancial, MTZ recently bounced off on a nice volume. I have expanded the idea provided with some more observations that made me take a bullish stance on the stock: - There is a long term uptrend and the price neatly bounced off the low of it. But wait, there's more - Technicals are all on the lows, *MACD in a nice setup to turn up for...
If we disregard that it is a weekly, that there is a story that "money makers manipulate the price after earnings", i would buy on the dip to 4, and hold through earnings - the bet may bring a double digit potential profit in case the price follows all the supports set up - RSI, MACD, RMI, CCI all have some sort of a support from a year ago. Although short-term,...
Soon after the previous idea AMD went up for the dreaded 4.50 mark. Again it did not breach higher, not even trading there, went straight down after it. Although there is my bad in missing one parallel line from the recent top to the whole predicted channel - it shows how much of a resistance was at that exact place. At this moment we have a good setup for...