First this have a double bottom in the pattern at a 5.60 price area Second This form is a triangle and the price is breaking the resistance line of this triangle and this is a mining company in the basic material industry and the gold, silver and cooper futures are very bullish now. what else do I need to know This trend line was broken today 01/02/2018 from my...
I am not predicting and anticipating the things since I expect for a clear breakout but the point here is that the price is showing me some intentions to breakout the resistance line for this reason I put this stock in my watch list to follow up I like this pattern based in the increasing volume the other thing I like is the wicks of two candles five weeks ago...
Big because it takes eleven months for take shape of a flag and breakout the resistance line, and the resistance line was broken from a weekly chart perspective for avoid false breakouts or whipsaws now I need to wait for some pullback or consolidation around 10.80 and 10.40 approximately By the way look the small gap five weeks ago and the price is showing that...
The trend resumes after a period without direction and breaks the counter trend line the trend has not been very clear or strong but now is a good time to entry the idea and the use of technical analysis is to buy and not have to wait six months or more so that position enters in a positive terrain. The other aspect here to share is that this is a low Avg. Volume...
This is not a Double bottom like textbooks but this is clear support from a Weekly point of view accompanied with a high a volume and a high volatility in the recent weeks. and if you look a daily chart you can appreciate the past price rally and its respective pullback and the most important here is a new Higher Low above the major support. To be more clearer:...
This is a very similar trend line breakout than my past idea, and the reason I publish this kind of example again is because they are a very reliable patterns this does not happen every 15 minutes the trend line was honored for more 2 years and 5 months an now 6 weeks ago exactly the trend bearish line was broken by a big weekly candlestick and is easy to...
This is one of the examples that I like most due to the whipsaw that took the price after breaking the support line at 11.00 and its strong comeback above the past support this was a nasty short squeeze and even the price now is breaking the bearish trend line and now is making a soft pullback because now the market is controlled for the bulls The chart speaks for...
This is a very clear example of a breakout of a very relevant resistance zone, why is this relevant? for the time and the magnitude of line. because I take it 3 years and 4 months approximately after the price fell below 21.00 and now it go above the 21.00 level, and the manner of who the price cross the resistance line now, imposing with property (Big weekly...
This idea is very different than other ideas I share in the past because this is not a double bottom in progress. This is a running trend that is making higher highs and higher lows in a very recognizable way. But as the stock goes up, the price too, and is becoming more expensive in tandem with the PE Ratio. In cases like this the idea or concept behind this is...
In several well-known websites some analysts called the stock of this company a "Top 10 dividend paying energy stock". This people use sentences like ENB shares displayed both attractive valuation metrics and strong profitability metrics. But I look the chart, and I think which person recommends buy this company stock and I wonder will they already bought some...
The Earnings of Devon Energy Corporation started to climb from December 2016 and between August and but only in September of 2017 the stock price started to show a recognizable trending behavior, All this added to a rising Crude Oil Futures is a good argument for add this stock to a portfolio. Another good quality of this stock is your high beta coefficient (2.65)...
I always share my ideas starting with technical analysis, with a weekly chart then I go to the daily chart. But behind of the idea there are a Fundamental point of view and if I identify who is the strong Industry in this case Energy Companies then I search for companies who are showing me recognizable price pattern accompanied with a unusual volume. Another...
In this occasion I want to start with some kind of fundamentals concepts about this bank because this is a regional bank and maybe you dear reader do not like but I'm not trying to force you to buy I only offered analysis and opinions First: The Avg. Volume is 99,221 this is not bad but it depends on how many shares you intend to buy and how wide it is the Bid–ask...
Another resistance breakout and again in the Financial Sector with the same fundamentals (Raising interest rates) Now we go to the technical aspects you can appreciate some weeks ago a clear resistance breakout with your respective pullback in the 25.00 area, accompanied by a red candle with a considerable bottom tail rejecting the new price level and testing the...
Another bank idea to share based in a chart pattern with a line breakout, the breakout was the past week and is very clear but now you need to wait for the pullback or some kind of price consolidation between 18.00 and 19.50 this foreign bank constantly make gaps but not too big. I recommend follow the daily chart with patience and if you like this bank is your...
It is a simple reason and the price pattern support this argument. Now go to the technical aspects Past support now become support (it's not a play on words) look the chart and is easy to understand. But this idea need some weeks to mature because after the last price rally from 10.2 to 17.60 I need to watch some kind of price consolidation and that the market...
You do not need to draw many lines this here. Key points here 1. Resistance becomes Support 2. Breakout of the resistance line at 40.00 (Round number) 3. Pullback and a bull hammer candle In today idea I do not want to write a complete book about this chart, because the chart speaks for itself. But there are a point here: The PE Ratio is: 49.37 looks high...
If you like Classic Technical Analysis this is a good example who combine several things you need to learn and identify in real time and then act consequently with the price. The first thing is the Big Support beaten several times and accompanied with a lot of bottom tails, then you need to go to the now where you can observe a triangle and in the triangle you can...