Copper prices breaks resistance level after over a decade. Reason for this is Copper has responded to China’s industrial growth and global manufactured goods demand. Idea originated from CME and Goldman Sachs Exchange podcast - Copper is the new oil.
F+S Stoch in overbought territory. MACD overbought without cross-over. No MA cross in MACD but past patterns have shown F+S Stoch as good readings. Bearish candle increasing probability for short position.
MACD bearish cross. Putting a short sell order on AMD at 76.47 with stop loss at 79.24. Fib showing 50% reversal with 50% chance the stock goes either way. I have a bearish bias due to Moving Average convergence.
USOIL is on its way to complete the head-and-shoulders reversal pattern. Evening doji star signals a bearish trend but the upward move denies confirmation. Wait for price to breakout resistance level at 77 to establish a Buy Signal. Profit target of 108.80. MACD higher than signal and on the upside showing bullish sentiment.
Head and shoulders pattern shown reversal in the trend. Starts with a bearish engulfing candle with subsequent confirmation candles of the downtrend. Consolidates and gravestone doji signals another bearish move to the downside. Price has broken the support level to confirm the head-and-shoulder pattern for a further downside move.
Ranging downward in the long-term trend. Consolidation in the short-term. Wait for breakout at the lower price levels.
Long-Term = bearish. Short-Mid Term = Neutral
Wait for a break-out between the range to enter into the trade.
Price breakout level 374810.19
12-day MA > 26-Day MA = bullish signal
MACD Upward trend with higher volume in last last 2 weeks
Bullish engulfing candle on April 26 signals bullish trend
Apr 26 - May 4 => price ranged 52% to the upside
Price is higher than both short-term and long-term SMAs. MACD line higher than signal line and higher convergence over time. Both of these signal bullish trend with confirmation of a bullish engulfing candle.
ADVM is following it's previous bearish sentiment pattern as it has also gapped down. MACD shows bearish sentiment and both in long-term and short-term trend this stock isn't showing sign of recovery anytime soon.