Weekly technicals on INTC looking bullish. Potentially a safe haven with good debt to FCF and a 2.6% safe dividend. I see this as a pre-anticipatory buildup for earnings bouncing off the weekly 200 EMA with a rising wedge into resistance. MACD histogram turning bullish, rising bullish volume and rising Stoch. Disclaimer: I am a long term holder of intel.
Ups Overbought in a big way, it's currently testing the ATH but we are seeing a drop in volume. MACD histogram at a peak and stoch is overbought. I am biased on the bearish side for the short term - Targets Listed
Watchlist PINS - Watching for an entry to close the gap. Note the small increase in bearish volume, small short interest at 5.3%, getting close to oversold in the Stoch and the MACD crossdown. This will hopefully be a nice play if we see a solid entry with confirmation.
Better fundamentals than I can find in Canada with a solid moat, payout ratio and good dividend payment. SHG is getting close to it's lower monthly range. This may still drop a bit lower but I will be averaging in on my position.
My take on a friends position, I'm not trading Tesla myself at this point. Failed test of $250 resistance level, dropping volume, Overall still bearish on weekly, MACD dropping with probable bear cross. RSI close to oversold. Lots of bad news today on Tesla as well with court decisions, and production issues. next run would be the 25th of October if they have...
High Yield stock with an extended deal with Air Canada. This will probably draw investers with fear of a drop in the markets over the next year. I expect some ranging between $6.85 and $8 but has potential to be a "Safe Haven" for yield seekers. 55% Payout Ratio with a steady dividend for the past 13 years. Calculation of the Graham Number shows it valued around...
Premier Gold is looking very promising at this point. With the rising gold prices and market volatility it still hasn't had a proper run. I expect a small drop then up too the $3.90 range over the next few months
My position on Inter Pipeline is still neutral on the short term. I personally closed with profit before the trading halt. I'm expecting a fair amount of volatility this week due to the takeover offer. Fib based extension Resistance / Support lines are listed on this chart. I don't see heading past $29 or below $23 on the bounce personally until more definitive...
Potential Bullish Gartley counter trend trade with mixed signals.
We have dropped below the Gartley on the daily chart but this could be a nice bounce. 1.57 to 1.59 heavy support line. I'll need a few more bullish signals before I commit to this one. My targets are listed on the chart. If this breaks down further we will be heading to the 1.52 / 1.53 heavy support line
Cypher Pattern forming on USDCAD - I'd suggest waiting for the trend reversal if playing - this is a counter Trend play so has some additional risk. Target 1 1.25107 // target 2 1.26368 // Target 3 1.29503 - I am not taking this trade - just tracking it. Probable bounce around 1.20181 off the weekly trend
good Luck trading :)