EmpowerTrader

EmpowerTrader

Unlike most stocks, Apple held remarkably well amid a global market correction. Where, Apple's stock only fell by 3% this month. Now, price is trading at key resistance. In addition, Apple is expected to announce Q3 earning after market hours today. This could be a catalyst for a potential breakout from the current channel trend. Trade Step-ups: Bullish...

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The pair has been falling sharply against the USD since mid October amid risk aversion. Price eventually test the final support level of the bullish channel. Look closely to the recovery of risk assets like stocks & bonds for potential head for the British Pound due to similar risk appetite. On a final note, it is very important to follow up on news and new...

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Today, the Australian dollar saw bad news due out from China's economic data. Where, the Chinese economy saw Q3 Purchasing Managers Index and Consumer's Price Index cam out below market estimates. This essentially confirms what the market has been expecting, that the Chinese economy is slowing down. This is of course bearish for the Australian dollar, as the...

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Price essentially fell of a cliff since October 18th. Where, 25% of its market cap was whipped out in less than two weeks, amid a global market sell-off. Yesterday, price tested final support level of the trend. A potential bullish reversal will largely depend on the recovery of the overall market. Nevertheless, keep a close eye on ATVI's earning on November 8th....

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Price tested final key support back in September, where price rejected a breakout from the long term trend. Thus, price reverses to the upside, touching of the resistance level. However, price fell sharply last week amid risk aversions and corrections in the global equity market. Now price is heading to a support level. Trade Step-ups: Bullish Reversal: ...

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Lumentum Holding stock price fell sharply earlier this week as market sell-off resumes. Where, price fell to test key support level as seen in the chart. In which, price bounced quickly bounced from this level. Nevertheless, price could fall lower to test final support level, before we could see a bearish reversal. Trade Step-ups: Bullish Reversal: Price...

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Last week, price saw a strong pullback, in which pushed the price back to test the 50% support level of the channel trend. Despite that, price still rejected a move higher but instead headed even lower. Now price is testing the final support level of the bullish channel, which spans back to the first correction in February of this year. If the market rejects a...

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Oil price has falled sharply the past two weeks amid a global sell-off in risk oriented assets, aka stocks & commodities. Now price could be heading to the final support level of the bullish channel trend. In which, this current trend has been respected by price so far since the start of 2018. Nevertheless, look closely to for a potential recovery in the stock...

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Price has been trading in a bullish channel trend since September of this year. With global markets back in red, EUR fell sharply against the Swiss Frank at the opening of this week. Going forward, I would look closely to the price action of EURUSD & EURJPY for correlation. In addition, I would also look closely at the performance of global stock markets. The...

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Amazon's stock price fell sharply two weeks ago, where price saw a huge swing all the way to the final support level. In which price fell by as much as 17% in a week. Now price is consolidation above one of the key support level of the channel trend. Trade Step-ups: Bullish Reversal: Price rejects a breakout from the current trend. Profit levels to look for...

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Price tested key resistance last week. Today price fell sharply against the current resistance level, where price rejected a move to the final resistance level. Nevertheless, I could see price reverse back to the upside, potentially all the way to final resistance level. Trade Step-ups: Bearish Reversal: Price rejected a move higher to the final key...

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Price has been trading in the bullish channel since February of this year. Now price is testing a major support level of the bullish channel. Look for a potential bullish reversal to the topside as global stock markets recover. Trade Step-ups: Bullish Reversal: Price rejects a bearish breakout, look for a bullish reversal. Profit levels to look for are...

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Price has been trading in the bearish channel trend since May of this year. Now price is trading just under a key resistance level. In which, price spiked to touched the resistance level last week. Nevertheless, there is still a significant amount of room for price to run in the coming weeks. Trade Step-ups: Bullish Breakout: Price breaks current resistance...

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Price has been trading in the bearish channel since June of this year. Today, price move above the final resistance level of the channel trend. Nevertheless, price is still testing key resistance. Trade Step-ups: Bearish Reversal : Price rejects a bullish breakout. Look for a potential move all the way to final key support. Bullish Breakout : Price breaks...

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Price initially broke the bearish channel back in October 9th. Since then price has been trading above the previous trend structure, despite dropping as much as 1.5% last week. Now price is testing the support level or the neckline of the October 9th breakout. In addition, volatility and volume has been declining over the past few days, indicating that a big move...

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EURUSD price fell sharply this week, due to the recovery in the Dollar. This recent gain in strength of the dollar came after the FOMC minutes today. Where the FOMC re-confirmed the pace of the rate hikes. Trade Step-ups: Bullish Reversal : Price rejects a bearish breakout from the current trend channel. Profit levels to look for are 1.5800, 1.6200 & 1.6700...

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Price is heading to final support level of the bullish channel, which spans all the way back to the year 2000. Today price fell by as much as 5%, as IBM Q3 report shows slowdown in revenue growth. With dividend yield at 4.3% and PE below 12, IBM looks more and more attractive as a long term investment. Nevertheless, price could fall further to the final support...

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Price bounced from major support level in early October. In which over the weeks, price saw gains as high 1.60%. Now price is facing the first resistance level of the bearish channel, which spans back to the end of August. Look for a potential bearish reversal. Look closely to the Chinese markets and economic data for potential bearish catalyst. Trade Step-ups:...