That is the third confirmation of the ascending trendline. Third time's the charm?
Resistance has turned into support, increased volume yesterday wasn't enough for support to fail. WNS earnings today are beating estimates. Long?
I am long LLTC today. Stop loss below pullback's support level, 1st profit target recent resistance (daily chart).
goo.gl This is my trading strategy should I have traded Wells Fargo stock yesterday after the earnings announcement. > Wells Fargo stock is trending upwards. The stock price pulls back about 50% before it prints a new higher top during the past 4 months. I don’t normally draw such an obvious trendline, but I’m including it for illustration purposes here. > The...
goo.gl Does that constitute a valid breakout though? Is Breakout Trading so Simple as Finding new Highs at Charts? In breakout trading we are looking for breakouts that occur at key support or resistance levels. Yet, it’s not the breakout itself that is the decisive factor for initiating a trade. It is actually *the significance of the failing level that matters...
goo.gl You know how much I like Fibonacci extensions! Does SP 500 like them too? Today most of my US stocks in my portfolio are losing money. So I thought to check out the S&P 500 chart dated back to 1999, in case the index is approaching a dangerous resistance level. Given the uncharted waters SP 500 is trading in nowadays, I use Fibonacci extensions regularly...
goo.gl I just bought some GOGO shares one minute before the closing bell of US stock market. Here's why: 1. Long-term uptrend. Trend line is my guide for direction of trade. 2. Double bottom. 3. GOGO stock price retraced to 61.8% Fibonacci level. Double bottom formed on that specific level! 4. A couple of bullish candlestick patterns are printed on that...
goo.gl Simple technical analysis suggests PRAA stock price is resuming its uptrend. Here is what I've spotted at the daily chart: 1. Retracement back to the major trend line. Confirmation in December, 2013. 2. Confirmation occurred at another key support and resistance level at $50. Also a round number! 3. The trending channel of the pullback that began in...
goo.gl Bitcoin uptrend met resistance at $1,090. Will it hold? Will you trust the short-term uptrend or the twice-confirmed resistance level at the daily chart?
Hammer candlestick with volume spike exactly on trend line. Delayed long entry on FOSL.
goo.gl Will it break 1,840? Remember: US markets are open today but European and Asian exchanges aren't. S&P500 has risen 79% of the time since 1945 on Boxing Day according to Bespoke. Dec. 26 is the best day of the year to be in the market. blogs.marketwatch.com UK and Ireland are celebrating Boxing Day today. britishfood.about.com
Buy pullback to trendline. Sell higher. goo.gl Can't get any simpler than that.
The more you wait, the better your entry point. goo.gl
Not a single day's close below 16.74. goo.gl There's a support we can really trust!
goo.gl I'm betting NFX will gain 14% before it falls back 5.5%. That's a 2.5 risk/reward ratio trade.
goo.gl Stop loss set below last support and 61.8% Fibonacci retracement, profit target set at latest resistance. Risk/Reward ratio: 1.83 I need 35% success to break even in the long run.
goo.gl As Twitter stock price is moving up into uncharted territory, these are two likely profit targets to trade out; $66 and $73.50. Why these? I have used the 1-hour chart of Twitter stock, in order to: 1. Measure the range of last week’s pullback; and 2. Draw the 161.8% Fibonacci Extension level. Do you use Fibonacci extensions in your technical...
goo.gl The news comes as Apple's pullback is about to end. Apple stock has gained almost $200 since July’s low at $390. As the new Apple – China Mobile deal is expected to generate billions in revenue, all eyes will be set on Apple price action today. Shares are up $7 pre-market. But can we afford to make the trade? What’s your trading strategy on Apple? Are...