Monday opened with a strong reversal candlestick pattern (bullish piercing pattern) ans Tuesday has one helluva candle. Looks strong....watch volume to see if we get another day of running out of this one; three days is typical in an uptrend before a small pullback. Good luck everybody!
ProShares UltraPro tracks the S&P 500 and uses leveraging techniques to triple the performance of the S&P 500. If tomorrow goes as expected this thing will move back above the 50 day MA. In the stock trading world crossing back above the 50 MA is called "finding support." We may as well take advantage of the expected across the market move upward; It's worth "at...
Given support and resistance, and the expected market conditions for Monday morning; I would say at least .52 (target for the pattern is actually 38.21)....and if it breaks through and keeps going! All indications spells the following: Profitable Day-Trade
This is not trading advice.
This stock closed on Friday just .07 away from Clear Blue Sky's. With the bullish news about Mexico and the US coming to agreement, and the fact that China has decided to talk to the US about the trade negotiations again, we could very likely see a blue sky breakout. What is blue sky breakout? - I'm glad you asked :) Blue Sky refers to new highs with no resistance...
Although Barchart has it as a 96% STRONG BUY, they caution as follows:
"The Barchart Technical Opinion rating is a 96% Buy with a weakening short term outlook on maintaining the current direction.
Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.
The market is approaching overbought territory. Be...
Mastercard crossed both the 50-day and 10-week moving average, and is today testing support of the 20 day moving average (center line of the Bollinger bands) after an overnight gap up. It is also among the top 10 in the buy zone on IBD's Leaderboard.