If stock could speak, Visa Inc. would say, “Hello, I am a capricious girl, I adore retracing to historical highs non-stop, hate divergence and don’t care a damn about anything, even about the key Fibonacci retracement levels.” How can anyone analyze behavior of such a bad girl? You may say the shares are quite young. But you are wrong, young shares respond to any...
It dawned on me quite a long time ago that simple trend lines and Fibonacci retracement levels are the best tool for people who are afraid of elevated risks and are not looking for big profit. This is usually the case for calm speculative traders with a modest appetite and mid-term investors. As for today’s trends, just look what Fibonacci retracement levels...
I continue coverage of my old and recent investment ideas. In late January, I detected a diamond pattern on the FB chart. In my opinion, this is a pattern with the potential for a side trend. And as long as the upper (USD 85) and lower (USD 70) bounds of the diamond remain in place, there will be no strong movement in the stock. Should the upper bound be...
It is high time we look at 3M chart again. Last time I analysed it in November 2014. The gauge was caught in the middle between the support level of a rising trend of October 2011 and the 261.8% Fibonacci resistance level against a fall from October 2007 to April 2009. On the monthly chart, the situation is virtually unchanged, the risk/reward ratio is equal both...
Last December I recommended to open short positions for Chevron. If someone implemented this recommendation, good job! You can thank me by voting for me in the forecasters’ competition.
Now it is time to look at the company’s quotes again. Unfortunately, there are not plenty of opportunities. The gauge is between the USD 102-105 support level and the USD 120...
Why do we forget Charles Dow’s testaments even when looking at his offspring? Or at his benchmark index? Everybody is waiting for the Dow to enter a correction, a steep decline of sorts…but the monthly chart shows two strong rising trends. And the Fibonacci target is 19,000, so my advice is not to try and outrun the locomotive. The trend will most likely gain...
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A lot of users failed to log into their Facebook accounts last night. While the company is trying to apologize to users and advertisers, let’s look at its chart. It seems Facebook has stopped being the favorite of serious investors a long time before. If visually its stocks are showing positive performance, there are obvious problems...
It often happens that it make more sense to buy a visually expensive stock than a weak and visually cheap one. The main thing is to hone in on a high-quality signal. In most cases, I cannot see whether this stock is trading high or low. But there are some exceptions.
Of late, an acquaintance of mine told me that he picked up ABC. A nice company, and the chart...
Walt Disney has been growing for almost 4 years at a stretch and finally got stuck at the key USD 95 level. The gauge may start moving down toward USD 80, which means bearish operations may bring considerable yield. Mickey Mouse may be left without a job.
Vote for me at the link: s30707642478.whotrades.com I have a chance of winning in the competition of market...
Despite a large number of rising trends, Chevron is not strong enough to grow. If its equities do not top the USD 113 mark, they may descend to USD 69-100. This means that bear speculation may bring 10-15% yield, just enough to buy Christmas presents))
If you benefit from my forecasts, vote for me in the competition of best forecasters at the link...
Many traders have seen a rising band on the chart of AT&T since 2009, followed by consolidation since 2013, which looks like a pattern continuing the flag trend.
But in general, there is nothing interesting.
If we look at the weekly or monthly section of the chart, we will see a triangle, which rose up on the fifth classical wave. It is too early to think that...
This may sound somewhat unbelievable, but many of the things that make our daily life easier were invented at this company – 3M. For this reason, at Warren Buffett’s behest, every self-respecting trader should watch for and purchase 3M equities, whose goods and services we all use.
But what is the motivation for buying into 3M? Multiyear upside in these shares...
Shares of Chevron demonstrates an interesting technical picture. Currently downward correction is more likely. But it is too risky to downplay given the long-term uptrends. It is better to wait for resistance level near a 105$ mark above the support level at 117$ to long in the mid-term.
