If GER30 follows JPN225 up, i'm expecting it to 'close' (17:30 CET) at the yellow circle.
Pivot points on chart and indicators. Possibly nice long position with a tight SL for the more risk appetite investors.
OI is looking like it's bottoming at the long term support. Technicals: - RSI/MACD positive divergence - RSI on Monthly in oversold area - Increasing volume in diamond area T1 May-Jul: 30.40 T2 May-Dec: 33.80
Yesterday the bulls regained a little strength after GER30 bounced off the bullish daily trend support. A small violation makes it a little weaker, but last time it violated this channel, the bullish daily trend was continued. As multiple persons on TV noted, there is a somewhat falling wedge inside the bearish channel. I'm expecting a small rally in the morning...
Yesterday was another new low for GER30, but it still managed to stay inside the daily bullish channel. With -1160 from the ATH this bearish move down can almost be called a correction of -10% or more. I did not have a look at the calendar for today, but if nothing interesting is happening i don't really see this go any lower today. Some sideways or bullish...
If GER30 manages to bottom today, i see a lower top to 12184 with a higher low of ~11600, forming a daily pennant, which in turn will result in another rally.
Yesterday's sell off, just after punching through the neckline resistance of the head and shoulders, was quite intense, but GER30 still remains bullish when closing above the bullish daily channel. RSI is becoming more compressed in the oversold region, which could mean we might see it bottoming this week, but i expect another sell off and a bounce before this happens.
On the 4th of May 2015 a total of 100k+ June call options were sold for Citigroup. These were split over JUN15 C 57.50 and 60.00. If a single buyer bought 50k each of these, this amounts to a 2.2million bet on Citigroup! XLF Looks bullish, BAC has taken off, JPM looks like it will go up: is somebody about to make a massive profit?
I'm expecting that GER30 will have a go at the resistance of the bearish channel nearing the end of the week. Support around 11400 should hold for a higher low, making the way to 11800 possible. If 11400 breaks today we might see a visit to ~11200.
What i'm looking for with HIMX on the week of 4th May 2015: Technicals: - Himax is currently at the bottom of a descending triangle. - MACD is showing positive divergence - RSI is also showing positive divergence. - HIMX initial rally to ~16.50 was about 19 degrees steep. - HIMX rallies inside the descending triangle were somewhere between 40-60 degrees. - Monday...
Observing to see how the week starts.
I'm closely watching the agri sector to see if there might be a bull run happening sector wide.
If C manages to break out of the inverted head and shoulders, i see the following possible long targets: T1 May-Jul: 60 T2 May-Dec: 80 A close on or above 54.80 is a confirmation of a break out. Price below 53.31 would require reevaluating the situation.
T1 for May-Jul: 60 T2 for 2015: 80 if T1 is a 55+ degrees rally
Amazon retirement play. Does a PE ratio of 900 need any TA? Don't think so. Time frame 2015-2017.
Update with long position and a less messed up chart. Initial chart in related ideas. T1 April/May 2015: 11.27 T2 May-September 2015: 12.30 - Strong double bottom forming on weekly/daily - Oversold on weekly with a positive divergence - Close above T1 11.27 would confirm double bottom - Price action will probably cool off a bit during T2 due to increasing...
T1 April/May 2015: 11.27 T2 May-September 2015: 12.30 - Strong double bottom forming on weekly/daily - Oversold on weekly with a positive divergence - Close above T1 11.27 would confirm double bottom - Price action will probably cool off a bit during T2 due to increasing resistance. - If price action doesn't cool down during T2, and the longer term downwards...
Building up tension around the mid of the bullish channel.