ThanhhLong

ThanhhLong

As we can see from the chart, UNP had dumped from the 168 down to 149 recently. Then, these days, it seemed to retrace back to 157-158 zone - the old low of late August. Moreover, the 157-158 zone is the 0.382 retrace if we connect the 172 high to 149 low; and the 0.618 projection if we connect the prior 180 high to 158 low and project from 172 high. Now the...

ThanhhLong

As we can see from the chart, the price now is testing the bearish trendline which had stood for months. Besides, ABBV crossed the 70, the old resistance which can only be seen if switching to Weekly chart. Next, the price now is being supported by a bullish trendline. There are 2 strategies: 1. Wait for the price to test the up-ward trendline again, and start a...

ThanhhLong

As the last published idea, I recommended to Buy when price re-test the old bearish trendline. Besides, the price now is supported by a short-term bullish trendline. I believe the time has come for us to get a long position. However, we should consider the possibility that the price would continue to fall and return the bearish trend. There are 2 strategies: 1....

ThanhhLong

As we can see from the chart, the price had increased over the bearish trendline - which had stood for months, and reached the resistance of EMA 200-period. Besides, the price still created a long tail, although there was massive Sell Volume. => XLE would have a great chance of going up. There are two strategies for this: 1. Going long whenever the price close...