Two months ago, BTCUSD “reversed” from 6k to 11,800. How do you analyze that? A big bounce with continued, runaway momentum? A right shoulder?
EOS reached a level of a lot of prior selling causing price to drop. Unless the bulls are strong on this one, price could easily drop from here back to the trough at 9.50.
Carnival Cruise lines has formed a diamond shape on the weekly chart. The pattern is slightly tilted downward The diamond followed an extended upward trend leading to the formation of this pattern. Plan to cover at about $60.40.
I don't know what the real name for this pattern is, but it looks like a vacuum cleaner and it is usually bearish, unless the tip of the vacuum is pointing up, in which case you will probably get some sort of bounce.
Long DWTI to short oil. Oil (CLK6) up 3.5% today, retesting 2016-03-22 level of 41.50 level today, and will probably bounce off it again.
Same reasons as my XLI — W short On this daily chart, we can see a clear level an Oct 2015 near $45.25.
Price bounced trom the right shoulder, at $48.18 to $54. Price turned back down today. Industrials are overbought. Price target: $45. (expect bounce at $45)
Oil price rising caused it to rise, Oil price dropping will help it to drop.
Abandoned baby, re-retesting September highs which were already retested in August. Down a whloe lot.
Based on oil thesis, no "price stabilization" deal on OPEC, Russia. The bounce was a short squeeze that drove short sellers out. That's passed. Now is the time to get in. Cover around $2.
Big bounce. Oil price increased due to new storage space — Railcars. finance.yahoo.com It is now at a good supply level. ALso consider shorting CHK and KMI.
The business model suffers. They have to pay license fees for them music, They make money from subscriptions and ads. Too many ads, and people leave. But there are other competing services, such as YouTube. I don't normally use Fib retracements. How do you explain the massive buying that drove price from $7.10 to $11.18 in three weeks? Price target: $7.
Head and Shoulders Top. Price was at one point $57, but this was very soon after IPO. Price target: $22.
Raced at full speed up to $40, all down from here. 50% short interest Price target: $25.
Shorting weight watchers * Poor earnings report * nearly bounced to original dropoff point * prior hype to dropoff point was drummed up by a study paid for by weight watchers international.
Enough steam to fill that wide gap? I don't think so. YELP should go back down around $20.
GOOGL sharply backed off all-time highs from being overbought. Price might come back down as far as $670. However, price previously bounced off the nice, round $700, level, chances are fair that will do so again. Price target: $730
* Overbought * Reached supply level, where price dropped from 2015 Q4 earnings report Shorting at where it dropped off from prior earnings report. Expect a fairly quick decline to 30's.