Jezza323

Jezza323

We have been in overbought territory for some time. What goes up must come down at some point. I expect it to go to the trendline below. See how it turns out.

Jezza323

Retracement is way overdue. I expect we will retest the major support at 4800 before we move upwards.

Jezza323

This is my setup for SPX. Overall, I am long on SPX because the long term trend is up and it doesn't help when you go against the trend, atleast in the trading. So I am looking to reenter the market. My idea is that SPX will probably break the black trendline. Afterwards, we will probably see a move towards the first dotted line (4800). This is the first major...

Jezza323

Oil peaked and now is way down forming H & S setup. Lets see how this turns out

Jezza323

Lets see how this pans out, but in my view we will see some bullish days.

Jezza323

Verdict: Long Reasons: Trendline + Support line + Candlestick pattern + RSI oversold Alternatively we are headed down to next level.

Jezza323

Baba has had its smashing for some time now. It is on critical support and RSI shows positive momentum. I expect it to break the dotted trendline in coming weeks. The first TP is there in red as well based on Monthly resistance. Alternatively, we can head down to another support (green).

Jezza323

Verdict: Bull Reasons: 1) Trendline suggests strong monthly support 2) Candlestick pattern suggest loss of momentum

Jezza323

It looks like CBA is about to pullback. Evidence: Divergence in Weekly, Monthly candlestick pattern has long upper shadows, trendline break?

Jezza323

Verdict: Long Evidence: Divergence Certainty: Low Long Term Trend: Long

Jezza323

Verdict: Bearish Evidence: Support broken Target: Next Support Level

Jezza323

Scenario: Bearish Evidence: Divergence + H and S Short Term: Bearish

Jezza323

NST is showing a bearish head and shoulders pattern which often appears before the big moves. I wont be putting a penny in this business until we are clear.

Jezza323

REA is headed down after poor earning report. Lets see how this turns out!

Jezza323

NCM has been in oversold territory. I expect it to gain momentum once we find out where its headed.

Jezza323

I think its about time for BHP to pullback. Both trendlines and Divergence leads to that conclusion. Might afford a good opportunity to buy.

Jezza323

I am short on FMG due to the double top as well as divergence signal. Lets see how this plays out

Jezza323 Updated 

EURUSD looks oversold according to RSI and its at key support level. Lets see what happens next