Ambarella provides camera technology that powers a GoPro, when demand for selfie gadget is smeared with mud, AMBA will get the mud too as AMBA is the blood of GoPro Short triggered at 41
Yes, momentum trader sees that that are still a few puff left for GPRO to go higher e.g. 84.00 But as much as i cant bear to part with my favorite "Selfie stock", i am waiting for my Jan 16, 80 puts to be triggered. I felt terribly uncomfortable with that Hanging Man and RSI at oversold level although the day candle is not completely yet!!!!!! Bye Selfie
Since the "shooting star" delivered the lethal blow in 10 April, IBM has since consolidating in symmetrical triangle pattern. How it close tonight at the crucial point region will more or less set the pace for October.
DJIA, DJTA, SPX have all made a higher high with new record. Besides the small cap loser - Russell 2000, NYSE Composite is the only one that has yet to form a higher high of the previous 11104. If the price found support as shown, there is a chance for it to make record.
Hershey, the famous chocolate company with branches all over the world, has announced the end of their long term uptrend in late July. Again, breaking a long term uptrend line doesn't mean immediately bear market will take charge tomorrow. As the price may still move higher along the uptrend resistance line until exhaustion takes over. Thats how double top/triple...
Ultimate software group had decisively broke the long term daily trendline in late March 2014. After finding its support and rebounce from 110, it was met with huge resistance at 150. Hence, my first short target is 110, failing to hold could just mean that i have more profit.
Seldom i see a perfect "Hanging Man" in VIX at the top of an uptrend. With the indexes oversold, chances are high that VIX will go back to test that 200EMA which is 13.35. Lagging indicator MACD showing that uptrend just started....
AON has made the first lower high after peaking at around 91. The price approaching a channel junction where serious commitment is to be made. Were the price to close below the lower support of uptrend line, a sell signal is triggered. Were the price to find strong support, a long signal will be triggered while watching closely how it behave on resistance 91.
The formation of H&S consolidation seems like a top. After the uptrend line was broken, to make matter worst, it gap down and broke the neckline. There was an attempt to retest the neck line and break through, but the resistance at 22.18 was so strong that it repel the price below the neckline. Next support level is around 20.19. Failing to hold means more...
Whenever Bollinger Band shows a "squeeze", the next price movement is explosive. Right now, the band get squeezed again... Prepare for a fun ride very very soon
Just very recently, about a month ago, when Hong Kong Hang Seng Index broken its major resistance (traced back to Nov 2010 of 24874.96. There was a big huhhah because it "means" more upside for the fool according to Alexander Elder. Two weeks later, it couldn't maintain the momentum and worst another big marubozu green (bearish in disguise) attempted with...
I believe this heavy weight stock's movement does can cause earthquakes in the economy Ever since the double bottom in 2003 at lowest value of 6.73, the price has rocketed as high as 1378. Rounding off and taking into consideration that we cannot know the "Exact" top & bottom, the return from 7 to 1300 is a whopping 18471 % in 11 years! Since march 2014, the...
"Now that your first blood has been drawn, you have 6 more days to redeem yourself or be ready for bull wreckage" - the last stern warning from bull (before the bear takes over) The green uptrend channel was drawn all the way back to 1988 data using log scale while the uptrend line was drawn from the 2009 lowest bottom. Although the bull promised to take care of...
I ask myself this question, Do i really need iPhone 6? I need it because i want to be accepted by my peers, afraid of losing out or to fill my internal void of instant gratification? Be it the latest model in Samsung galaxy/iphone, lots of people sacrifice their sleep to queue up overnight just to make business richer. iPhone surely will have another record sales...
At the recent top, i saw two bearish engulfing candlestick pattern. The latter one is even more serious as it engulfed the first engulfing pattern with 15x the normal volume! Like a shark swallowing a small fish. With MACD & RSI showing bearish divergence and moving lower.. I will short URI at 116.7 with stop loss at 120
Sell signal triggered. 200ema rejection with 2x the volume.
SMH ETF has been on cloud 9 since 2012 Until recently on 8 Sept the emerging of Shooting Star. after ten days the high of the shooting star was tested twice but fail with a bearish engulfing pattern formed. MACD indicator support the fact that bearish engulfing complement the shooting star. My short order position and stop loss are shown.
Silver has a big red Marubozu day, breaking the support around 18.50. Technically, it is a golden chance to add on to short position given the downward momentum at least for a momentum short-term trade. Just be vary of the S/R zone from 17 - 18.50