Juliac

Juliac

Broke above neckline on strong volume on yesterday. Expect furthe upside in the coming days with target of around 80. Initial Stop loss @ 47.95 and trail stops up when trade goes our way. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is...

Juliac

Broke above neckline on strong volume on 31 May and has been consolidating for the past week. Expect furthe upside in the coming days with target of around 50.00 (trail stops up) Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!...

Juliac

On 4th March this year, ChinaA50 broke a long term horizontal support zone @ F and proceeded to head lower until it came very near to the long term trendline support @ G (on 15th March) For the past 2 months since it was in small monthly range consolidation and this month we start to see a break above last month's high (optimism!). Expect some resistance and...

Juliac

Zooming out to the monthly chart, we can see that ADBE has respected a long term trendline support @ 370. I would be a bull and accumulate on it's dip (unless this trendline is breached). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is...

Juliac

SPX is now hitting into near term resistance (4100 - 4200) which is the neckline of the Head and Shoulders pattern and it is now at the 38.2% fib retracement level of the CD down swing. RSI is showing strength at above 50 hence there is a reasonably good chance of it continuing this rally towards the 50% fib retracement of the CD swing (@ 4240), although we...

Juliac

SPX appears to be finding support around 3800 with last Friday closed way off its intraday low, forming a pin bar of sorts. This is an intermediate support (which is the 38.2% fib retracement of the major AB (covid crash recovery swing) swing up. A short rebound from oversold position will not be unexpected. However there are a number of near term resistances...

Juliac Updated 

As the weeks progress, it became clearer that the markets are slowly rolling over. We have seen Bearish Head and Shoulders Patterns evolving over the last 6 months or so, with a strong attempt at rally in March which failed. Intermediate supports along fib retracement levels are possible. However, any future rallies below the 50 day MA is likely to be short...

Juliac

Financial stocks have been pretty weak a while now with a few exceptions, AXP being one of the more resilient ones. It has been testing a trendline support for the 4th time in the past 4.5 months and looking like a breakdown is near (in line with the overall bearish sentiment in financial stocks). Should a close below 158 occur (ie breakdown), then the longer...

Juliac

FB hit a low of 169.589 on 27 Apr on high volume and then gapped up strongly the next day on even higher volume (due to positive earnings). There is a chance that it could have capitulated after having dropped about 56% from it's peak in Sept 2021. It could stall around near term resistence (239 to 248) on the way up and I will not be too surprised if it starts...

Juliac

Bear Flag is a continuation pattern. The current trend is down and is now consolidating in a bear flag. Short if and as it breaks at least $0.50 below the bear flag. trail stops down diligently as bear markets are prone to sharp bear rallies. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own...

Juliac

AMZN has now joined several other FAANG stocks in missing earning expectations, adding salt to the wound is that it has also given a weaker outlook for the next quarter. When more and more heavy weights start to roll over, then it is likely that Nasdaq will not bottom out so soon. Medium outlook is bearish with possible next zone of supports between 2030-2180...

Juliac Updated 

Since breaking below a rising trendline on 18 Jan around 15400, the Nasdaq had plunged a fair bit lower to almost 13000 before attemtping a strong rebound that brought just above the 200 day moving average again. But alas, this turned out to be short-lived only served to proof that the 200 day moving average is now a resistence. NQ is now right at a minor...

Juliac

Some warnings of that things are probably not all well: 1. attempts to trade back above the 200 day Moving average had failed again (twice) 2. a previous support around 2500 that were tested several times since 24 Jan had broken down quite spectacularly last Friday on strong volume With GOOG reporting earnings after market close tomorrow (26 April), how it...

Juliac

NKE has been displaying strong momentum for the past few days ago, beginning with a large candle gap up on 14th Apr on strong volume. Expecting this moment to retest it's recent high @ 140 (also 38.2% fib retracement here) this week and could consolidate here a little before breaking higher eventually. Scale out along the way up and trails stops up at...

Juliac

After trading up strongly in late February, OXY went into consolidation for the past 6 weeks, forming a right angle wedge. It is now looking like a breakout to the upside is near. If and when it does start closing above 62.50, i will be looking at targets of around 72 (wedge breakup target) to 77 (a prior high way back in June 2018). Disclaimer: Just my 2 cents...

Juliac

CAT consolidated for 10 months forming a cup like pattern. There was a minor handle before we see a strong break up last Thurs on strong volume. The odds are good that it has some room to go , though we are likely to face resistence and some consolidation @ 243. If it can clear this level, then the next targt is 260. Disclaimer: Just my 2 cents and not a trade...

Juliac Updated 

HD formed a mini double bottom with bullish divergence seen between price and RSI. THere is a fair chance of it rebound back towards it's recent high of 339. Whether it can break higher remains to be seen Initial stop just below the recent low of 293. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to...

Juliac

Despite the recent strong sucker's rally BLK is still in a downtrend. It is likely to retest a longer term support at 660 soon. However any bounce from here is likely short term at the moment A near term rebound back to the 50 day moving average around 750 could be an opportunity go short (however, short with caution as strong sucker rallies are...