Eliarich

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.

Eliarich Updated 

Southern Co.(Reuters Code: SO.N) is a utility company that owns power plants. The chart (attached) shows that it has completed a wave 4 at 47.50 level which coincides with the 200 moving average level, and it's now heading to complete wave 5 toward 52.30$ or the upper end of the channel. Stop level at 47.49$. The down play on this stocks would be an interest rate...

Eliarich Updated 

Bank of America (BAC) broke the down trendline and a very strong resistance at 15.35$ level and now is heading for 16.50$ if broken 18$ is next.

Eliarich Updated 

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.

Eliarich Updated 

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$

Eliarich Updated 

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.

Eliarich Updated 

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$)

Eliarich

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

Eliarich

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

Eliarich Updated 

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)

Eliarich Updated 

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 $

Eliarich Updated 

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$

Eliarich Updated 

Looks like Macy's is ready to go up: 1) Price broke above 200 EMA, and holding above it; 2) Down trend line broken; 3) RSI finding support at 50% First Target 27$ - 27.80$ area, if broken next target 30.25 Stop Level 2 days close below 23.70$ or a 2% break below it ( 23.22$)

Eliarich Updated 

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)

Eliarich

Looks like wave 4 of a lesser degree is under way in the final 5th wave on the EUR-USD upside move(dating back to Jan 2017). The target price of this wave 4 is 1.2165, from there a probable rally will take place with a target of 1.2550 being the equality point between Wave 1 & Wave 5.

Eliarich Updated 

A bullish bet is placed on General Mills (GIS: 58.43$): 1) Bounced off support level at 57.75$; 2) EMA 50 crossed above EMA 200; 3) RSI correcting at lower levels while price at higher ones ( check Black arrows). Indicator that price is in a hurry to resume the uptrend. Target Price: 60.10$ then 61.30$ Stop level: a 2 days close below 57.75$ and or a 2% Intra...

Eliarich Updated 

Looks like Tailored brands is heading upward, first hurdle at 16.90$, ultimate target 19.40$. A 2 days close below 14.70$ level or a daily break of 2% below it would invalidate the scenario.

Eliarich Updated 

Looks like the stock has broken the resistance @ 30$ and now heading toward 33.50$, only a close below 30$ will invalidate the scenario.