Eliarich

The Head & Shoulder on the chart is indicating more downward potential for the gold

Overview: Down Trend is broken; 50 days moving average crossed above 200 days moving average; Oscillator bottoming around 40% on dips (bullish sign); Resistance (s): 116.90 – 119.7 – 123.3 – 126.25; Support(s) : 112.5 – 110; Trading implications: Buy at market open (last close: 114.61); Target (s): 123.30 – 126.25 – 134.25; Stop on a 2 days close below 112.5...

Rational: 1) Trend is up; 2) Prices bounced of support at 82.70 ; 3) EMA 50 crossed above EMA 200; 4) RSI bottoming at around 45%, with a positive reversal in place ( See Vertical gray lines); 5) Resistance(s): 84.10 - 85.90; 6) Support(s): 82.70 - 81.25; Trading Implications: Buy at market open; Target (s): upper Channel with 85.90 to clear first; Stop:...

Looks like a Head & shoulder formation is in place on the German index, but the pattern is still not confirmed, a break of the neckline is needed.

Rational: The vertical gray lines on the charts indicates a negative reversal on the Euro (in a down swing, prices going lower than previous high while RSI goes higher). Trading Implications: Sell at 1.1740; Stop 2 days close above 1.1790 or 0.5% break above it being at 1.1850. Target(s): 1.1525, 1.1350

Century Link has reversed its downtrend and is heading up: Rational: 1) Down trend line broken; 2) Resistance at 22.40$ broken: 3) 50 day EMA crossed above 200 day EMA (see green arrow on chart); Trading Implications: Buy at market ( now 23.19$); Target (s): 26.50$ - 27.50$ ; Stop: A 2 days close Below 22.40$ or an 2% break of 22.40$ = 21.95$; In The...

looks like Kellog (RIC: K) is on the verge of trend change: Rational: 1) Down trend Line broken with price validating this break ( see green eclipse); 2) Resistance now turned support at 70.80$ was broken; 3) RSI bottoming at around 45% ( sign of a bullish break); although a bearish divergence ( see Black arrows) is there it looks like it has a minor effect on...

Looks like Facebook is going to resume the uptrend: 1) Stock Finding support at 194.50$ (horizontal green line); 2) Yesterday's candle having long tail on support, equivalent of buying pressure (see green eclipse); 3) Positive reversal, indicating a corrective price move ( see vertical dotted lines); 4) RSI finding support at 55% level, sign of market...

Oil Looks like it hit a major buying zone: 1) Major support; 2) Touched Up trend line; 3) Still holding above 200 EMA; 4) RSI performing positive reversal is in place ( vertical gray line on chart), signaling a correction in the up trend; Target(s) 67.50$, 69.25$ Stop: 65.55$

Looks like under armor is ready to move up: Down trend line broken Prices broke above 200 EMA RSI bottoming at 40% (bullish sign) Yesterday's close was above resistance level of 18.40$ Target(s): 20.9$, 22.50$ Stop Level: Close below EMA50 (currently 16.88$)

Although it has been all bearish news for GE. There seems to be a sign of a trend change. An inverted head and shoulders is in the making, with a minimum target of 17.30$. A break above the neckline is still needed to confirm the pattern.

Point & figure chart has a story to tell on crude oil : inverted head & shoulders. The neckline is broken so the trend change is underway with an ultimate target being around 100$. With the first hurdle at 67.95$ cleared, others lie ahead at 75.30$, 84.50$ and 92 respectively. A close below 63$ will invalidate the scenario

With the down trend broken now, all we need is a closing above 9,510 to head to 11,700 level.

The stock reached buying level at 35.80$, touched the 200 EMA, the trend line and a bullish divergence was in place. Currently at 39.08$ the ultimate target is 44.50$, with a hurdle at 40$ level. a close below the 200 EMA which seems to be tracking the last price swing well, will invalidate the scenario.

Oil is forming a double top, with the RSI being in a bearish divergence state. Good selling opportunity. 1st Target price 63.90$ than 61.40$, Stop 66.70 $

A Medium term buy is initiated on the GBP/USD: 1) Price Broke above EMA 200, and EMA 50 broke above EMA 200; 2) Broken resistance at 1.3780, now turned support; 3) Down trend Line Broken; Target Price(s): 1.4320 than 1.4680 Stop Loss: Close below 1.3780 P/L Ratio: 2.29 (on first target)

The stock Guess looks ready to take off: * Down trendline broken; * EMA 50 crossed above EMA 200; * Resistance broken now turned support; * Price snapped back to support and bounced off it, confirming it's strength; Target Price: 19.50$ then 23.30$ Stop price: a close below 14.25$

A bullish scenario could start in Kellog. The rationale behind this is due to the price breaking above the down trendline, and holding its ground above it on closing basis. Target price is at 70.25$, stop level a close below 67.80$ (today's low)