OMU likely to outperform SLM? A price action below 4.9240 supports the idea that SLM is likely to underperform OMU. Increase the short exposure for a break below 4.8725, The target price is set at 4.6680. The stop-loss price is set at 5.1285 (upper range of the linear regression channel pattern. Notice how the linear regression channel pattern is sloping downwards...
A price action below 4.15 supports a bearish trend direction. Increase short exposure for a break below 4.05. The target price is set at 4.00. The stop-loss price is set at 4.15. Negate the bearish stance for a break above this level. Copper is often referred to as "Dr. Copper" because it has a reputation for being a good indicator of global economic growth...
A price action below 4190 supports a bearish trend direction. Increase short exposure for a break below 4120. The target price is set at 3970. The stop-loss price is set at 4310. Negate also the bearish stance for a break above this level. Corrected from overbought territory recently. If the angle of the trend is too steep, it means that the price is increasing or...
A typical A B C price pattern is busy developing. The ideal entry price is below and as close to 190.00 as possible. The first target price is set at 231.00. The second target price is set at 270.00. The stop-loss price is set at 165.00. Expect the price action to unfold over the next couple of months. The price action seems to be busy with wave C: The third and...
The share is testing its 200-day simple moving average and a potential breakout up out of the falling wedge pattern. A price action above 14100 supports a bullish trend direction. Increase long exposure for a break above 14600. The target price is set at 15200. The stop-loss price is set at 13600. Negate the bullish stance for a break below this level.
Stability in the price action makes the share attractive as a speculative long position. A bullish trend is applicable above 1280. Increase long exposure for a break above 1310. This is also its 200-dau simple moving average. The target price is set at 1350 (almost the upper range of the Bollinger Bands). Stop loss is set at 1240. Negate the bullish bias for a...
Notice how the stock remains above its 200-day, -week and -month simple moving averages, acting as major support. Above 27.00 supports a bullish trend direction. Increase long exposure for a break above 28.00. The upside target is set at 31.00 (upper range of the Bollinger bands). Stop-loss set at 25.00. Negate the trade for a break below this level. Time horizon...
A price action above 202.00 supports a bullish trend direction. Increase long exposure for a break above 215.00. The upside target is set at 240.00. Stop-loss at 195.00. Negtat the trade foir a break below this level. The MACD gave a bullish crossover recently, supporting a change in trend direction. Furthermore, the price action is at the lower range of the...
A price action above 10700 supports a bullish trend direction. Increase the long exposure for a break above 11200. Upside target is set at 11700. Stop-loss is set at 10300. When a share is said to be in "wave 5" of the Elliott Wave Analysis, it means that it has already completed four waves in the direction of the main trend and is currently in the fifth and final...
A price action above 102900 supports a bullish trend direction. Increase long exposure for a break above 108800. Target price at 117000. Stop-loss at 95200. Negate the long posiiton for a break below 102900. Based on implied volatility, it will take about 180 days to reach the profit target (which I doubt), but let us see if this might be true. Implied volatility...
A price action below 460 supports a bearish trend direction. The stock is testing its 200-day simple moving average. A confirmed cross below this level will change the sentiment to a full-blown bearish sentiment. Increase short exposure for a break below 450. The target price is set at 420. Stop-loss at 490. Negate the bearish stance for a break above 460. The...
A falling wedge pattern and double bottom pattern appear to be developing. Above 188 supports a bullish trend direction. Increase long exposure for a break above 193. Upside target at 198 (see the targets from the patterns). Stop-loss at 185. Negate the bullish stance for a break below this level. The MACD also close giving a bullish crossover.
A price action above 340 supports a bullish trend direction. Increase long exposure for a break above 355. The profit target is set at 400. Stop-loss is set at 325. Negate the bullish stance for a break below this level. The price action remains just above its 200-day simple moving average - supporting a bullish trend direction. Testing its 200-week simple moving average.
The chart is the 4-hourly chart. A price action above 5400 supports a bullish trend direction. Increase long exposure for a break above 5600. Target is set at 5700, which is the middle of the Bollinger Bands. Stop-loss at 5400 and will negate the bullish bias as well. The stock recently started rebounding from oversold territory (see the lower panel). The share is...
Long-term opportunuty that might unfold over the next couple of months. A price action above 30.00 supports a bullish trend direction. Negate the bullish bais for a break below 28.00. Increase exposure for a break above 31.00. The first profit target is at 32.00. The second profit target is at 34.00 (upper range of the linear regression channel pattern). The...
A price action above 1029 supports a bullish trend direction. Negate the bullish bias for a break below 996 (stop-loss). Increase long exposure for a break above 1069. Upside target is at 1165 (upper range of the linear regression channel pattern. When a stock is building a base just above its 200-day simple moving average, it can sugegst a potential bullish trend...
The current price action above 1.2105 suggests a bullish trend direction, with a stop-loss at 1.1975 to negate the bullish bias in case of a break below this level. If there is a break above 1.2275, it may be wise to increase long exposure. The first profit target is set at 1.2455, followed by a second target at 1.2850, which coincides with the 200-week simple...
A price action above 12300 supports a bullish trend direction. Notice how the 200-day and 200-week simple moving averages might have acted as major support. Also the price action is at the lower range of the linear regression channel pattern, supporting a mean reversion trade. Wave analysis also points to some upside price potential (see wave 5). A confluence...