After the pop, now is the place to take advantage of the resumption of the up trend. Volume is low indeed, but on key points of some of the prcices on the chart (Like $15.50) , players are willing to get in, so for now the risk is reasonable.
Although we're building a nice pennant here, the volume is extremely low. In case the stock decides to roll back, we will be in a bad position trying to dispose of the stock. Sometimes a good Bullish pattern is just not enough!
It's obvious that FB has a hard time snapping out of the recent bad sessions. What aggravates the situation is the false breakouts - when a resistance level is penetrated, just to come back below it, this is a clear sign of weakness. Trading below $54 will probably incur further downside action.
KO just seems to make noises of green bars but that doesn't impress much. The chart looks awful. There's multiple resistance levels to break through, and there's no enthusiasm signs on the buyers side. If price doesn't go through the DIG PivotBreak yellow line, the price is going to make another U turn, downward.
Indeed, BIDU did pierce the previous resistance level to make a Bullish statement, but now, regarding the last week's price action we can obviously notice the weakness of the stock, especially when comparing the the overall market performance. For now, if I were Long I would definitely lower my exposure to BIDU, ...
The SPY has been rallying the last few hours of the session. This is due to the FED announcement regarding the so called Tapering.
The weird thing is that previously, every time there was a Taper talk, the markets would panic and slide down. Now, when the FED announced an actual date where the Taper will initiate, ...
Great action on GM. I love the upward momentum with high volume. The price that "sits" firmly on the yellow SmartPoint band is also a sign of strong support.
Now I would prefer the stock to consolidate a little and form a firm base. Then a resume of the rally will have more sustainability.
Sometime one gets lucky, but there's times that one gets extremely lucky. Well, the good news is that my prediction last week on the downfall of the Bitcoin was right. As I stated on the previous post, this move was quit obvious, but the real question was the timing, when will it happen?
I mentioned that it will ...
Did you catch it on 39.20? Cheers, The call from last weak turn to be profitable, the price made a little dance around our Bullish trigger letting us get in with the original position size with no special drama. As for now, price action looks just great. If your in, raise the stop to entry level approximately.
As the Short call for Bitcoin since the last week is still active, we see a continuation of the weakness of that asset. 925 is a mid term resistance, any reflection from that level will incur further downside action. So yea, it's still a Short!
GM and BIDU have surprisingly the same looking chart, which leads to the conclusion that the same analysis applies here. Accumulating buying power that waits to be unleashed. Overall it's a bullish looking charts unless prices start to drift below the SmartPoints middle band and through the near PivotBreak purple line.
Today the price was quite close to the $170 level I mentioned yesterday (Yellow PivotBreak line). We can see thatthe buying energy is accumulating quite fast. I'm afraid from one thing though - that tomorrow the stock will already open on a gap up...That's why I considered loading up a little at the session end, bu ...