Price action has formed a consolidation triangle or bear flag on DE. Wait for confirmation of a break out of the triangle with large volume to short. Price should fall to at least $73 on next move.
Price on CG has formed a Head and Shoulders and is facing tremendous bear divergence. Good opportunity to short.
Price on SBUX since the beginning of the year has formed an almost text book ascending triangle. Normally this is a continuation pattern. However, for SBUX this would be a reversal after price sunk from the ATH of $64 to $54. If this triangle plays out like it should look for a 14% pop or price to go to around $67. Of course watch for the resistance at the...
price action has formed a cup and handle on AAPL. Watch for a break out above 107 with heavy volume to confirm pattern. Next upswing should go as high as 120.
MACD about to cross. RSI is oversold. Recent failed break out through bottom support. All bullish indicators. I see the blue arrows playing out
The weekly US30 chart shows price is at critical resistance from the most recent highs. There is some Bullish MACD and RSI divergence, also plenty of room for both indicators to go higher. So I am leaning more bullish. However, the volatility in the equities market for the past 2 years has me somewhat skeptical. Blue arrows on the chart indicate possible price...
Similar to CRI, after beating the most resent earnings estimates price action on Elil has formed a clear bull flag. Decrease in volume since the run up also confirms this. Wait for a break out above 87 on high volume to confirm trade.
After beatings earnings estimates on 2/25, price action has formed a clear bull flag. Volume is also constant with a bull flag. Wait for a jump up with high volume to confirm trade. Price should move up to at least the previous resistance at all time high around 109-110.
Possible double top and large divergence of MACD, RSI, and Strock RSI, indicate that NVDA is likely going down in the next few weeks. Look for support (or profit taking) around the 50 MA, as it has provided strong support in the past .
Double or possibly triple top off resistance at 195 makes this a great shorting opportunity. I put a stop at previous high of 197.3. Not the bearish divergence on three indicators as well..
After the fed meeting on Wednesday announced they would not continue to raise rates, PSA zoomed to new highs. Ignoring the MACD and RSI divergence. This is a rare signal named Hound of the Baskervilles signal after the Sherlock Holmes novel. It is an incredibly strong signal that indicates something fundamentally is changing in the market. In this case it seems...
Since hitting a high around $65 in late 2014 REZ has been somewhat range bound between 64-55. As the residential real estate market is highly effected by federal interest rates, the upcoming Fed meeting will likely have an impact on price. If the fed decided to continue raising rates I can see REZ puling back to the bottom of the range. Even if the Fed decides to...
after a bullish run since September AMK seems to be stalling around $69. Bear divergence shown in MACD, RSI, and StockRSI, indicate that this run could be ending soon, and could be the beginning of a tend reversal.