Plenty of bullish signals on the ABEV charts.
Now well clear of the descending wedge, the first impulse wave looks to be complete.
Sticking with the Elliot Wave pattern, we should expect to see it retrace slightly to test the 50 day and 100 day EMA, before starting the next impulse wave.
Also important the impending crossover of the 50/100 EMA (a very bullish signal).
Confirmation of a sustained uptrend is getting close.
Firstly, the MACD divergence was a key indicator that momentum was changing. Now above the zero line, early traders might have used that to get in at a lower point.
Those like me that are a bit more cautious might be better off waiting for the two key resistance levels to be broken. Currently testing the...
Looking at the weekly chart, Reece could be hitting the bottom of an Elliot correction wave.
MACD is leveling off, but still below the zero, so it could still get a little lower.
A quality stock to watch.
A perfect set-up showing on the Huazhu charts.
The Coppock Curve crossing over the zero line is a great long signal. Although using this on the daily charts doesn't provide the best signals, it's useful when paired with the weekly charts (I'll attach that below). In short, a long position crossover on the daily charts should match the trend on the weekly charts....
Unlike like an Aus vs India test match, the bulls and the bears are evenly matched looking at the CGF charts. It really could go either way.
The nine dollar mark has acted as support twice recently, and prices are looking to test this again. There isn't much support after that, so things could drop further if it breaks through.
On the other hand, prices are...
Broke through a major support level, but the MACD divergence suggests this might be bottoming out.
Will look for the lower supports level to hold up and then breaking through upper levels and the 50 day EMA would be a good indicator. Would like to see the volume pick-up as well before entering this trade.
This one can still go either way, just depends which side of the flag it breaks through.
However, adding the Bollinger Bands shows there's more frequent testing of the lower limits. It will be interesting to see how long this can act as support.
MACD recording higher lows whilst prices are trending down. Strong volume could help this one turn around again soon.
The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
Just playing around with this one on a search for a defensive stock to add to the portfolio. It's giving mixed signals at the moment.
There's a small head and shoulders pattern, but over such a short period of time, I'm more inclined to look at the break-out of the descending wedge. If this is the dominant pattern, then I'd expect it to reverse and start an...
Not a perfect Elliot Wave pattern, but it's pretty darn close.
Three clear peaks suggest the growth of a super cell. Final step to complete the third cycle will need prices to drop a little lower before continuing upwards.
This suggests a good time to enter.
Plus it's gold. If the equities market were to drop, then it's not a bad one to hold onto, despite the...