The NASDAQ hit today the 4500 points resistance which corresponds to the resistance of the current downtrend canal. The 4500 points is also an historical strong horizontal resistance and corresponds also to the EMA 50.
With all these blockers, it will be a big challenge for buyers to go upside. In addition tomorrow, the Philadelphy manufacturing index will be...
Thanks to the commercial war USA/China, Gold has broken the resistance of the 1D descending canal.
In addition, Gold has drawn a double bottom before the resistance break.
The buy signal is strong and a new ascending canal in 4H is born.
Pullback on the neckline of the double bottom is possible before the uptrend.
Target is 1330.
Results of IFN Kinoide on Lupus research are very significant (95% efficacy observed). Volume increase strongly on the biotech and strong breakout of the 0.25 resistance has been observed. Pullback on the 0.25 level is resolved and the stock is now in perfect conditions for a bullish rally. First target is 0.5
In daily, Mondelez is in cup and handle pattern ( C H on chart) , the neckline N has been broken and the pullback (PB already occured). The pullback has drawn a double bottom pattern in hourly (B1 B2) with a breakout confirming the incoming uptrend.
Goldman Sachs is in head and shoulders (s1 h s2) validated configuration in weekly. The break ok the neckline has confirmed the configuration and the bearish signal. From now, a pullback over the neckline is expected before the start of the strong bearish phase. Objective is 160$.
Oil is currently drawing a cup (c) with 2 handles (h1 and h2), the break of the neckline will probably occurs soon. Objective 1 is 59$. After this objective is reached lets observe any new pattern for a new uptrend
Intel has broken the resistance of its descending channel. This event ends the bearish phase initiated in june. The break of the resistance R will increase the probability of success of the uptrend scenario. First objective o1 is 52$, second objective is 56$.
Vinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
S&P500 was evolving in an ascending canal (delimited by S and R) since 2 years. The support of the canal was broken significantly the 25 octobre. In the meantime, the support S1 of the 2700 points has been broken. After that, the S&P500 did a pullback into the resistance S1. The probability of a bearish trend is the prefered scenario.
The arguments in favor of...
Danone is evolving in an ascending canal delimited by resistance R and support S since years.
The price seems to rebound on the support S (point s). For end of year prince will probably increase to the resistance o t which is in triangle configuration with support S.
Our opinion is that price will increase to obj 1 (67€). Afterthat we will observe if a break of...
Sanofi has developped a head (h) and shoulders (s1 and S2) pattern from 2013 to 2018. During 2018 a strong pullback has been observed to the resistance R. If the pattern is confirmed, price will begin to decrease in the coming weeks.
Objective 1: 68€ (the neckline)
Engie is currently drawing a double top (T1 - T2) confirmed by the break of the neckline. The stock is currently doing a pullback on the neckline (classical behavior of double top pattern) before to go down again.
Objective 1: 10,5€
Objective 2: 10€