People will take profit at the opening bell, and we will backtest the 11462.9 level. Afterward; we will break the resistance level at 11581.6 either this week or at the beginning of the following week. My price target in the mid-term is between 11802.1 and 11929.3 In sum: the whole chart looks bullish to me because we had a "Double Bottom" and a successful...
The title says it all. We had a nice backtest, and the play will be extremely bullish above 59.57. However, I would set a stop-loss around 54.92 just to make sure. Be careful and watch the divergence (MACD), and overbought level (RSI)
BA turned into bullish, in my opinion. We had a break of a lower support level (157.86), but the volume was low. Then quickly got back to its recent range, with high volume. It indicates that it was a false break-out. I would wait a bit to let some steam off, then buy some calls. My price target ( in case of a break-out above) is around: 190.02
I would wait for a backtest to get in. I used pivot points and fib levels to determine the support and resistance levels.
So, we had our nice backtest after the breakout. We just have to watch whether the signs are bullish or bearish. I would buy some calls above 18.94 and some puts below 14.5
One of my favorite formations is about to befall. Low volume is needed during the "Handle" part and high volume needed when breaking out. Watch out for these signs. And also set a stop-loss around 131
Double top or nice breakout Which one will occur?! Well, time will tell us, but we can look for the signs. If it gets above 26.87 with HUGE volume, it is a good indication for a longer rally. If the resistance will be strong enough than a double top will develop.
I know, this analysis seems a bit too extreme. The target is based on the official calculation of the "Head and Shoulder" Pattern. My personal target is above that, between 39.09-49.68 (based on Fibonacci retracements, and Pivot Points)
Purple is trading currently at its P-Pivot Point. There are good opportunities in both directions, we just have to wait for confirmation. IF the Pivot Point fails as a support level, shorts are the proper way to make money of the fluctuations. >Price targets: 1; 19.04 2; 16.85-15.87 If it holds, we could see a steady rise in the price even...
This stock is outperforming its market very strongly. It painted a beautiful "Ascending Triangle" pattern on the daily chart. If we break the 185.59 resistance level than we might reach the next price target very quickly. (212.4-219.5)
Well, this looks bearish to me. That's it. I play this game with vertical calls. I plan to sell 160.5 calls @9.90 and buy some 165 calls @165 (Nov20 Expiration). Next strong support zone: 150.12-147.10
Soo, I have searched for some Tickers that gives steady gains, despite the downturn of the major indexes. The first one is, Freeport Inc. As you can see it broke the "R1 Pivot Point" resistance with relatively high volume. If it manages to stay above it, then I will buy some calls. If it goes lower than R1, then I would wait a bit and then go long on it. Entry...
Looks like, we are about to see a longer correction than expected. The run-up was huge which started back in March, it seems the market needs to let off some steam. If you look at the daily chart, you will recognize 2 famous trading patterns. "Head and Shoulder" and "Parallel Channel" Both of them broke last Friday, we even had a backtest on the 4 hourly charts....
We are trading in a parallel channel. If the support holds at 10940, then a regular divergence may occur. It will be a good sign for going long. The first resistance will be: 11576, the next strong will be: 12477 (all-time high). If the support line breaks, then... we are fu@ked :D
We are approaching a very strong resistance level, and the stock is highly overbought. I don't see much upside potential right now. I would wait for the backtest and set a limit buy around: 44.47 If that support level holds, then we will be in a very good position.
We broke out last week, from a big correction phase. The volume was low, indicating it is a false break-out, but also it could be a back-test and might head higher. No one knows... That is why you should wait for the exact signal to go long/ short.
Well, unfortunately, the signs are looking more bearish than bullish. The trend-line broke on 04.09. which provided great support since March. We even had a backtest (10.09.), it failed to go back above the previous support line. If the 270.56 level breaks then loading up on puts could be profitable. The next great support levels are:...
The chart shows us a f#&cked-up " Cup and Handle" pattern. It might take off soon but wait for the confirmation. Hope, this analysis was helpful for you