As the fear factor receded (gold down, news due to news about COVID vaccine), the worldwide economic relaunch is underway. Buying oil on a pull back to 43.60$ level or a break of 46.20$ level. Minimum target 49.50$. Risking 2% of my capital
it's been a while now that oil is ranging between 35.60$ - 43.10$. As you can see on the chart it hit 43.10 (upper boundary) coinciding with a shooting star. Selling at market, 1st target 39.20$, stop @ 41.02$. Remember not to risk more than 2% of your capital.
With Euro still bound range 1.1928 -1.1628 and having touched the upper bound, coinciding with a bearish divergence ( black arrows). Going short at market stop 1.1840, target 1.1628 ( lower range bound)
General Motors posted stronger-than-expected earnings in the third quarter, there is a positive reversal on RSI ( Vertical doted lines) indicating that stock might reach 38.29$ as primary target(pre market (36.6$)) coinciding with resistance level ( red horizontal line).
On another note, the recent trend is up ( black doted line), and a lot of news are...
AMD has been ranging between 73.70$ - 88.33$. Today Goldman Sachs added it to it’s conviction buy list. Buying at market, targeting upper end of the range at 88.33$. Remember not to risk more than 2% of your capital
The euro has been ranging between 1.1620 and 1.1875 for the past month. Yesterday the 1.1620 level was touched coinciding with a bullish divergence on the RSI ( black dotted arrow). Buying at market price, remember not to risk more than 2% of your capital and the it's US elections day.
Although the up trend is on hold, seems that the pair is finding solid support at 0.7030 level (horizontal green line).
The RSI is moving up , forming a bullish divergence with the price(see below black doted line).
Buying at current market price(0.7034), stop loss 38 pips from entry. Target price 0.7200
The USD/CHF bounced of the support dating back to late August and just made a new 5 Bar high. More confirmation comes from a the bullish divergence.
Buying at market, Target Price 0.9150, Stop Loss: 0.9060
Marathon Oil (MRO), has broken down trend lines ( 2 black dotted lines), and the average options trading volume is 10X above average, most active option contracts are :
30 October 2020 strike 4.5$
15 January 2021 strike 6$.
The stock could reach 6.19$, but have to clear the 4.35$ , 4.86$ hurdles before that.
Buying at market price with a 10% stop from entry level.
GE just broke out of it's consolidation area ( 5.96 -7.16), looks like it's heading for a minimum target of 8.40$. This chart pattern is the result of a newly announced deal between PIMCO and GE to create a leasing investment platform.
Element Solutions Inc produces and sells specialty chemical products the United States, China, and internationally. The company operates in two segments, Electronics and Industrial & Specialty.
After a Prolonged rally from Mid March till Mid June, the stock entered a consolidation area (highlighted in gray), that has...
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;
Buy at market open (last close: 114.61);
Target (s): 123.30 – 126.25 – 134.25;
Stop on a 2 days close...
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;
Buy at market open;
Target (s): upper Channel with 85.90 to clear first;...