Goldman Sachs Group is moving within a steady rising trend on the daily chart. The gauge is trying to break out of the highs at USD 192 and is likely to succeed. After this, the index is likely to extend the climb with the minimum trend width of USD 5. The RSI has already broken through a falling trend line.
My forecast participates in the Market Forecaster...
Canon Inc has traded in the range of $30-34 for over a year. The share attempted to break through the $30 level in February-March, 2014. But this was a false breakout as a double bottom pattern shaped up and the price reached the upper boundary of the $34 range. The price tested the $30 mark and bounced off it in October. Now the price is likely to reverse to the...
In early 2014 Caterpillar broke up the triangle on a weekly chart and tested the upper boundary of a multi-year corridor of 112$. Thereafter, prices started to correct.
Prices fell below 100$ and tested the level of 90$ in October, then rebounded above 100$. Lower point of a correction pattern and an uptrend formed on the chart.
Closing below 102$ formed a...
Shares of Citigroup Inc are in the corridor 46-54$$ for two years on the weekly chart.
Breakup over 54$ was false, but the price didn’t form downtrend, but remained in the corridor. This show strong bull market.
The price twice returned to the upper boundary at 54$. After the first approach to the level of 54$ the price corrected to 48$ and rebounded sharply to...