Eliarich

Eliarich Updated 

The Dax has broken support area, as today price gaped down. Suggested you go short at market price next target 11,223. stop no more than 2% of capital

Eliarich Updated 

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.

Eliarich Updated 

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

Eliarich Updated 

Gold looks like holding on support level of 1,860 (horizontal green line), RSI is in a bullish divergence mode. Buying at market, stop = 15$ from entry, target 1,930 ( horizontal red line)

Eliarich Updated 

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

Eliarich Updated 

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.

Eliarich

German DAX is in a critical area a closing below 12,080 is not going to look good.

Eliarich Updated 

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.

Eliarich Updated 

Company Description: 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. Technically Speaking: After a Prolonged rally from Mid March till Mid June, the stock entered a consolidation area (highlighted in gray), that has...

Eliarich

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

Eliarich Updated 

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...

Eliarich Updated 

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;...

Eliarich

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.

Eliarich Updated 

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...

Eliarich Updated 

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

Eliarich Updated 

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...

Eliarich Updated 

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...

Eliarich Updated 

With the breaking of the dowtrend line, the bullish EMA cross, the stock looks ready to rally at to 71.25$ than 74$. Only a close below 68.95$ will invalidate the scenario.