I really like this company ALSK. I've been checking out their fundamentals for awhile now. They have been sitting at 1.78 bottom for awhile now and I think 2014 might be there year for them to take off.
We are stuck between the prices $33 and $28 which is reminiscent of 2009. Long term cup has formed. Looking for break out or a handle.
Safe entry point in future will be around 33.34 where it broke a previous high. Looking to take profits in high 40s
It's still early, but the ratio chart I made () seems to be playing out, so I wanted to extend on it and do some more analysis. In this chart I cover some more of the similarities between these rallies and what to look for going forward which could give confirmation to this prediction.
Shipping stocks are hot for 2014 after settling and flat lining for the past few years. Potential profits are high
I used the fib tool and changed the ratios to match the swings in our first move - marked 1, 2, 3, 4, 5. I then laid those ratios over the next rally and was surprised at how similar they are. Starting at 1 we have hit 2, 3 and 4 spot on. Assuming we will continue this, our next swing 5 will bring us down to 700 area.
Longer term moving averages become important in finding bottoms before another move up
Lack of strength in this area of uncertainty. Making lower highs on less volume
Just making this chart to help learn how to forecast prices.
BTC looking like a nice downtrend. Some lines and areas of concern to watch for to make sure we are still trending down.
Using horizontal lines has many uses. Not only can it help us predict future tops and bottoms but it also can show us how interested people were at a certain price level. Look at the nice mirror image we have in price action. Hardly any time within 26.7 - 28.1 Some time within 24.8 -26.7 and quite a bit of interest between 22.9 and 24.8. It is very...