Looks pretty bullish to me. support is holding with a bullish RSI divergence (remember that if support is tested three times without breaking, its pretty bullish... but if it then breaks, a larger fall usually follows).
The trend is up, with an up sloping 200 day moving average. its also at the moving average, which can spike a larger move to the upside.
Really like the way SCCO is looking here. holding up above a flat/rising 200-sma, the number one spot for large institutions to nibble on shares. Momentum is nowhere to be seen thus far, but when this thing goes, it goes. "the longer the base, the larger the space". keep on watch
The german market is sporting a beaut of a wedge right now! This chart is so pretty, I kinda feel bad for drawing on it. There are many ways to take a potential profit due to the clean air on the left side of break out. One way is to use a simple median line. The great thing here is that the longer price uses to reach it, the higher the profit. With regards to the...
The momentum in solar has been nowhere to be found lately, but because the pullback looks very clean and has done zero technical damage on the longer term picture, I am highly bullish on this one. (a breach of the support @36 would change things). Will look for entries if it takes out the swing high at 42. As far as targets goes, a natural one would be the prior...
classical break out momentum continuation play. not really happy with the stop placement, but there should be some support below the break out candle, due to the prefect bullish separation. considering the recent market action, there is a real chance that this turns out to be a bull trap. that being said, a setup is a setup.
emerging markets have been under-performing the US since mid 2011 (at least until January this year). what is interesting is that the base for EEM is getting increasingly tight. The implication is that if they break to the upside, the profit potential is substantial. Specifically, watch for one out of two scenarios, 1) a break out with authority and 2) failed...
the gold miners have been wearing out a lot of investors over the last couple of months, but to me the chart still looks to be in a bottoming process. in the shorter term, it needs to break above 24.8 with authority in order to confirm the bullish thesis. Since a pretty tight stop can be fitted below the lows @22, i will put in an entry order on a touch on the...
The market is getting overextended but using the box system, it seems that we could see another 16% upside before the end of the cycle. The most likely scenario is having some zig zaging action within the box for a couple of years before the target is met. Point being that we should reach 220 before the bull cycle ends.
you never know with bitcoin, but the charts suggests the start of a larger rally.
the beauty lies in the fact that price put in a new swing high for first time since it topped in December last year, suggesting that a change in behavior has occured.
the trade: keep a tight stop, so you have the r/r in your favor.
technically it looks pretty appealing with a classic smiley-bottoming pattern.
it is also fairly cheap (P/E below 5) which reflects a pretty low sentiment.
key to this setup is the r/r, not necessarily if it works out or not.
and off course, with a lofty target, it doesn't hurt to use a trailing stop system
Has been selling off for quite some time now, but starting to gain composure.
The negative momentum has slowed and if you look closely, the whole thing has a nice symmetry to it. Kinda looks like it wants to form a large U-shape
Unless it closes above 11, this is a no go!!
clean price action pointing to further upside potential
Broke out of the box and closed with decent separation, after having a false break down (false moves often result in larger moves in the opposite direction)
Using the boxing system to get the target $82.37