Long long term trend line that has been validated twice is liken to concrete wall. To break the wall, price and momentum both must move up in tandem. Recently, Nikkei 225 broke through the long term downtrend resistance line & 16000 psychological resistance level, Aber thought Japanese economics has seen a silver lining. But MACD is showing a warning of bearish...
RSI bearish divergence happening, the long term uptrend line is in jeopardy First support around 115-116 Breaking of trendline means price will most likely look for 100-105 It's expensive, so i buy put options
The price of AMGN has gone too wild, With RSI divergence, there will be a correction. Minor correction might find support around 116, Major correction will retest the upper uptrend channel line
From 2000 - 2006, AET had about 6 years of uptrend, had a correction and made another higher high about 1.5 years later before the monthly RSI divergence materialized Almost identically, from 2008 - 2014, AET had about 6 years of uptrend, and its about to made some correction. I am making a hypothesis that another 1.5 years (around March 2016 we might see another...
When i was introduce to technical analysis a year ago, the first indicator that caught my attention is the Moving Averages. Simple and easy to use but many a time fail me badly. They always said when all moving averages are curled or curved up, the stock/etf/index/currency pair are in uptrend. The stronger the curl the stronger the uptrend. "One thing they NEVER...
This insurance company is about to join the bear party, given the RSI bearish divergence as a warning
This drug wholesaler has it's fair share of uptrend thanks to the booming pharma industry. For the last quarter since June, the price has been "consolidating" but RSI & Klinger Oscillator has been giving a bearish divergence warning. As we know often that 1st bearish divergence might not materialize, i took my put option short entry at 78.04 without waiting for...
TSX Composite Index is an index of the stock (equity) prices of the largest companies on the Toronto Stock Exchange (TSX) as measured by market capitalization. The Toronto Stock Exchange listed companies in this index account for about 70% of market capitalization for all Canadian-based companies listed on the TSX Although this index are not on the priority list...
Biotech sector has been on the boom since 2012, the uptrend seems continuing Quarterly chart wise, it has shown some euphoric state. We have a serious bearish RSI divergence shown, breaking of the uptrend line in RSI has serious long-term consequence and detrimental to further uptrend.
Yesterday, upon rejection by 200ema, my short was triggered immediately at 87.79
Linkedin, a great idea of matchmaking website between potential employer and employee I received emails from recruitment agency with plenty of job offers, i also manage to connect with some of my friends whom i have lost touched. Upon breaking the long term uptrend support on end March, the price managed to drive itself back to the support but was rejected...
Good investment stock back in 2009 After a five years bull trend, finally it gave 1st RSI divergence warning... When CCI drop below 100, the selling pressure might increase.
After breaking the long term trendline extended all the way from 2004, the price attempted to penetrate back into the trendline but was rejected. As it found some support at 2460, there is a possibility of another high just below the support trendline
The most expensive asset management stock is in downtrend
A monthly look starting from late 1993 tells me that the uptrend (green channel) was long gone when it hit 2.10000 Right now, the price is moving in downtrend (red channel), immediate resistance are colored blue, failure to break out means, in years to come, THE ABYSS (black hole) will suck the price further down most probably!
After browsing through daily candles from 1st Jan, i just realised that the first ever proper textbook shooting star was formed on 19-Sept with 4x the normal volume. (I don know why no volume shown on index). The shooting start is also part of the evening star formation when DJIA momentarily broke the 17300 level Now that, the price was rejected by 8ema, 20ema...
After yesterday's rejection close, next level of support 1960, follow by the major support of 1900-1910