I believe that a pull back base has already been formed. It might try to reach 1.60 support line before going down a bit again.
I am in for long and will sell in two different phases. First will be on 1.20 and if it shows no signal of breaking down I will buy again at 1.30 and sell at 1.60 support line.
If it reaches the 1.60 without any pullback, I believe it...
I believe a double Bottom has already been formed and it is almost reaching the end of it's pattern. But I believe the cup pattern has still a bit more to go. After the entry at 120, I will sell 50% of the stocks at 128 or close to it.
If a pull back starts at 128 I will wait for the pattern to complete and to rise above 124 on Buy Area 2. Once again I will sell...
I have been following TeamViewer for a while with the Falling Wedge Pattern. After a while I noticed a form of a Cup pattern and now one Inverse Head and Shoulders that for me shows that the cup pattern will proceed. Another indicator to be at the look out is if it breaks the Falling Wedge Pattern, that for me will also indicate a strong buy.
If it pulls back on...
EDP is a Portuguese Electricity Provider Company. Following some previous patterns of previous years I show here two of the possibilities I believe it will happen and how I will play them. Even though this weekend there were some news regarding China Three Georges increasing their share on EDP the market still shown a down trend. I am already on short position...
