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After the head and shoulders pattern breakout it seems that the security is going for a 100% retrace after the previous uptrend. Possible support around 1,90 $ level. Good luck for your trading

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Looking at daily chart we can observe a strong buy signal when we dropped at 278 area, the buy crossover on MACD. We have to say that MACD gives the signals with some delay, but this is an analysis from a general point of view. Looking at MACD histogram we can see how it reached a peak and decreased arriving to zero line. Signal lines are now going to crossover,...

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Looking at 4h chart we can observe how the trend is taking the shape of a rising head and shoulders pattern. The right sholder is not very clear, but you can observe a similiar shape also on MACD signal line. The oversold crossover on MACD shows the bottom, the second crossover the right shoulder and in the same way the head and the right shoulder. In this uptrend...

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This is an update for a previous chart that i posted 4 months ago, predicting an head and shoulders pattern (link: ) . At this point the pattern seems completed and we are at neckline level. So i'm expecting a breakout with a measured move that can bring the security to the 0.764 fib line level. In the same level there is a possible support, otherwise if the...

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This run up from the 278 bottom is gone following strong steps followed by a little correction. If you clone every leg up you can observe that they have approximately the same lenght. I've cloned the last correction and it suggests the 380 area, that coincides with 0.236 fib retrace also. The first rising trendline is going to be touched, and in the previous...

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Analizing the daily chart on renko visualization i put a good indicator to find the possible bottoms. As you can see when the bars turn from grey into green we have a good chance to find the bottoms, in particular if combined with bars that reach a top and begin to retrace. Now we have the green phase that lasts from 2 bars and we need a confermation to find the...

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Huobi is in the middle of a downtrend channel at the moment. The candlesticks seems to show a rejection from the upper channel, so if the bulls don't do their move it's possible one more leg down or simply sideways. A first psicological level that i draw some days ago is the round number 2300 that we hit in this downtrend and that is acting as a support. Now i...

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Looking at weekly chart we can observe ESPR history, that can be summarized in 2 double tops and a rising channel. At the moment we have broken out the channel to the upside, gaining about 30% during the past weeks. A significant level for this stock could be the 20$ area, that is the higher hight and it wasn't touched from August 2013. If you have a look to...

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Chinanet shares reached an incredible evaluation this month, from 1$ up to 4$. There are some positive news that probably had catalized this strong uptrend. First of all the company is in discussions for a partnership with Alibaba's online shopping unit Taobao. On September 22 ChinaNet Online Holdings announced that the company won the Best Company in Chinese...

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During the last period JNS gained about 43%, going to touch the 16$ level.It's probably influenced by the news about Bill Gross joining Janus Capital Group. It's a key level because on 2010 on the same resistance occurred a triple top and the beginning of a downtrend phase that reached 5,70$ (2011). After that low we can observe a new uptrend phase contained in a...

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Looking at low timeframes we are in the middle of a descending wedge, that is the retrace of previous high (444 erea). I'm looking for a possible breakout to the upside. There is also an information on OBV indicator, that suggests a bullish divergence. Both a measured move and previous trendlines on the downtrend phase are pointing to the 450-460 area as a...

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Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum...

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During this month the general trend can be contained into a downward channel. In this moment we are in the lower side of it. The previous leg down has a 130 degree tilt and now it seems consolidating in the 450 area. So in my opinion there is the possibility to see some sideways in the lower channel. At the same time we are in a the middle of a bullish...

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Looking at daily chart it seems we are stuck in a limited price range from many months, and we are not seeing the 200$ swings of a time. Now we are bouncing around 460 area, that is acting as a support. If this support is broken i'm looking at 420 area as a possible target. A very dangerous zone could be the 340 level,and i think it could hold very well attracting...

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Looking at high timeframes, 4h, 2h, 1h there are only green candlesticks at the moment. Comparing them to previous runup i think 680 could be a good target for midterm. A measured move on 4h chart bring us exactly to 680 area. Good luck for your trading.

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Looking at previous moves on 2h chart the downtrend is taking the shape of a descending wedge. So it's still possible to look for one more leg down, but at some point i'm expecting a breakout to the upside, pointing around 4090 area. Good luck for your trading

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Looking at previous rising wedge breakout i've measured a retrace under 0.61 fib. The breakout occurred after 291 bars on weekly chart and happened with many gaps. Now we have a similiar pattern, time symmetry, a gap that's going to break lower trendline and volume increasing. Need to see a strong distance from lower trendline, possible gaps and more volume for...

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Looking at daily chart we can see the previous uptrend taking the shape of a rising wedge. It couldn't last forever, so follows a retrace around 0.5 - 0.61 Fib lines and a consolidation period. Probably we can test one more time the long period blue trendline around 560 then go for new highs; this could occur also in concomitance with SR auction. If you look at...