This is the benefits of watching weekly charts with a ten year perspective, this is called top down analysis from left to right and when the eyes are in the today days then I use a daily chart with different moving averages parameters. I can observe a Flag Pattern between a big channel and the price is breaking the resistance line of this flag, this allow me...
Intention to break the resistance The same argument as in the last publication, but what is the issue here. When I publish an idea it is usually based on a confirmed resistance breakout from the weekly chart perspective it has to be a fact but in this idea that has not happened yet because I'm speculating. But on the other hand I'm not getting too far ahead in...
I do not make predictions beyond the stars, I do not draw arrows indicating that the price will reach the sky, because this is not about being right. I only work with the information of the now, and I have the humility to accept that I am always one step behind the price and also wrong. But here I have a situation and is that based in the price action, without...
Also known like unusual volume is a traditional way to pick stocks because something is happening here, somebody have a big interest here and he or they bought a big quantity of shares the same day and this generally drives the price up. Other aspect to take into account is Shares Outstanding: 11.05 Mil Float: 8.22 Mil Mean Volume: 84,972 This info is relevant...
Let's leave the Oil Futures Behind. Because this is a Clothing, Shoe and Accessory Store company listed in the Consumer Services Industry And here the idea is based in Technical Analysis only, and the simplicity of my analysis. First look the major support in the 14.00 level (Red Arrows) then go to the now and look how the price, did an aggressive rally and...
The same concept again: If the price of Oil is bullish then Energy Companies react to this in the expectations of better earnings in the future and this is reflected in the behavior of the share price and in the process they raise up other sectors, like Oil & Gas Equipment Companies because they need more equipment to increase the production. if I understand this...
This is one of the more basic principles in the correlation between industries and is very easy to understand, in this case the theory suggests the following: If the price of Oil 2.20% is bullish then Energy Companies react to this in the expectations of better earnings in the future and this is reflected in the behavior of the share price and in the process they...
This if it is a Double Bottom. To affirm that this a (W) I need three things: *First I need distance between the first floor and the second rebound around the same price level, distance means months or years, let me explain the first floor in the 3.00 area was in February 2016 and the second rebound in this same area of support was in July 2017 there are one...
First we catch up on, the price has tested three times a support in the 39.00 area, and then the price broke a resistance level around 45.00, now this resistance is working like a support. This action happened between august 2017 and December 2017 (The support) and now in our days the price is above 45.00, the new support, that is all. Now I propose two targets...
This is a pullback and very deep and this reduce the risk to be shocked for a whipsaw some people doubt, but you can wait for some green candlesticks or a swing low, for feel more sure about the idea follow the daily chart like a hawk in the wait of a swing. www.tradingview.com Again this idea work for swing trading and position trading too. In this case I...
Look first I identify a strong sector then I share several ideas, why several? because my job is to put ideas in the desk of investors and traders, not just one but several and why. From my point of view there are three reasons: The First is a trader or investor have more options for choose which one is better for him based in your risk profile, budget, and other...
First of all look the support area around 10.00 that was resistance in several occasions in different years (2011 and 2015) Then this resistance was the support of the price in the 2017 and now the price leave this level and is breaking another level of resistance around 12.00 level. and here is where we are now with a pullback in progress. This idea work for...
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...
Like in a stairway the price is making Higher Highs and Higher Lows (Trending) now we have to wait for a retracement for entry at a better price and avoid a whipsaw. The other aspect here is the intentions of the investor or trader. Here I leave the two options Let's suppose that we buy at 7.80 then there are two possible targets here: The first is a swing...
For the moment I only have a resistance line breakout and this idea need to wait for a pullback around the 3.80 area, apart of that this is a low volatility stock the last movement was 0.60 from the beginning of December to today but is appropriate to wait. The other aspect here is what are the intentions of the investor, buy and hold or do quick swing trade....
Keeping it simply this is a key resistance breakout in the 50.00 level with a pullback in progress, nothing more to say. But this is a Big Bank, trading at a relative low price with a P/E Ratio of 17.84 From a trading perspective you can buy now and sell more high,(Swing Trade) but this is the kind of stocks that the big investors like because you are buying Value...
Gaps are very relevant in stock charts and technical analysis in general, this is called runaway gap and it is accompanied with a high volume. And this happen in a resistance area. because of that the price broke a key resistance level around 6.00 and now is making a pullback testing the past resistance area that now is a new support. Other important things here...
I have understood than Americans investors do not like foreign companies because the financial statements are different and the way the the directors handle foreign companies, and this is right for people with a too long term perspective like ten years or more who are thinking about their retirement. But this kind of ideas are for speculators with a investing...