Hello all, today I would like to share this analysis about the FTSE MIB index. A like would be appreciated; now, let me describe my strategy.
1. The horizontal line at the bottom seems to form a good support: it was touched several times in the last 20 years, but it hasn't been surpassed by any bar. Unfortunately, the "First resistance" line kept the index low...
Today I will trade short this stock at opening; as you can see from the chart, if there won't be a gap up at the opening bell, it's possible that the price will reach the support trend line. In case it will reach the resistance red line, I will close the position.
COST followed fibonacci levels in the recent past, reaching its minimum and then bouncing back up.
I draw its possible future path, that can go much over the highest price ever reached.
In my opinion, this is a great buy opportunity for a medium-long term holding.
In case the STOP LEVEL will be crossed down, I will close and reverse the position.
WallMart can be a good candidate for a long position. I suppose it will touch again 131.30$ before shooting up to 139.50$.
On the next trading day (Monday the 15th of March), I will try to buy some stocks @131.30$: Stochastic RSI is in overbought area and RSI is ha three falling highs. My target is 139.50$ in profit and 126.20$ in loss.
The expected Win/Loss ratio...
Here I drawn some trend lines of support and resistance; they form a bullish triangle, so I will go long on ILMN.
The target price is around the resistance line, but it can continue to reach the maximum price ever. I will close the long position if the support line will be crossed down.
As we can see from the graph, I drawn 3 possible future paths for the NASDAQ future: red one (decreasing), blue one (stable) and green (growing).
In my opinion, the red path is the most probable in the near future, so I'm expecting NASDAQ to fall. As we can see, the Stochastic RSI is UP, but the RSI doesn't: this divergence signals that the bearish path is the...
Yesterday TSLA passed through a cross, made of an horizontal line at 668$ and a resistance trend line (in red).
I drawn other possibile trend lines, horizontal lines and two possible future prices paths: a red one (DOWN) and a green one (UP).
Which is the most probable path?
In my opinion, TSLA will follow the...