Oh, nice cyclical pattern I am gonna eat some MCD next week to boost the sales abit based on the short-term rebound and possible upper resistance channel or 97.56 where the GAP down did the damage. Klinger Oscillator is showing a bullish divergence. Weekly wise, it was a "Hammer"!
This index has at least two possibility after 18 Sept Either path 1 or 2
Bear flag in the making.. For downtrend continuation, another red bar with 1.5x normal volume and close below 87.7 has to occur If this bear flag fails, it might shoot up to fill the purple GAP up to 91.0
Bear: Ain't you tired of climbing? Bull: Hell Not, leave me alone! Since the new leg of uptrend began in Jan 2012, this bull has been leaving trace of "Bull Flag" asserting its authority. However, the flags are getting smaller and smaller. Bulls also need to cut some cost because by next week, money will not automatically drop from the sky no more. Perhaps...
Head & Shoulder from Oct 2013 to March 2014 (Market TOP consolidation) gave a warning of possible top, with the GAP down on 31 July marked the end of long term uptrend (Green channel) The price is engaging in mid-term downtrend channel (Red) and there is a possibility of short term uptrend channel now running into a resistance, if it breaks up, high chance of...
ANV, a gold mining & exploration company mimics analogously the pathway of Gold Whether the price of ANV will be appear to break up of this consolidating triangle, it is at the mercy of Gold
MACD & RSI both shown bearish divergence while price is making higher high...
Let's take a deep look into this GOLD futures starting from 1975... The thick large channel dictates the uptrend. So far, the lower channel was touched twice but the upper channel is not touched yet. From cycle point of view, gold might hit 550 by year 2025(around there) Volume was expanding confirming the inner uptrend since 2001 and decreasing upon hitting the...
The eclipsed candlestick area is "fabricated" myself. Basically showing how monotonous Madam Y can be as a musician. Chances at very high that until next Thursday DJIA will be traded within this range as "Dump & Smart" money are both waiting for interest rate decision. Will Madam Y choose to maintain 0.25%, increase o decrease the interest rate? WHO Cares!!! At...
If the long term thick downtrend holds true, then Pfizer might end up around 9 dollar again in time to come With such a weak performance since 1991, i think sooner or later DOW 30 components will be revised to replace those slackers stock
This securities is raising the warning alert with high wave spinning candlestick and MACD bearish divergence Look out for another lower low for short trigger!
Since Oct 2013, this broadcasting stock are entangled into a distorted diamond consolidation, within it a small and big H&S bearish pattern emerged. Worst, a mid term damage substantiated by volume which i suppose is the fatal blow. MACD getting weaker and is about to hit below 0.
This long upper tail rejection of price was observed on 29 July 2014. It sets the benchmark of rock solid resistance which will be tested very soon whether the three days bull have the inertia to overcome it. MACD is quick to show that this leg has smaller momentum. Any reversal signal at the within this area would be a good short trade
Nu Skin has been known as Multi-Level Marketing company especially in APAC region, that's a indisputable fact. Technically, the price has just accelerated and deviated away from the proper uptrend channel and hit the resistance in Jan 2014. "Coincidentally in technical sense", China launched this lawsuit and scared the hell out of investor. Klinger Oscillator...
On a weekly basis, if HLF price fall below the uptrend channel support, situation can get worse. There is a possibility that it will test the major support of 34-35 again. Unless a very rich bull has the ability to challenge the "Shorts" of Ackman and turn things around, perhaps Ackman has been accumulating and wish to turn into bulls... Who knows :-)
The one and only "HAMMER" with long long tail in Dec 2002 ignited Netflix Inc to Skybar. There seems to be more room for upside but has to get pass 486 first. As MACD has yet to signal death cross. Once the climax is over, we will have to pick it up around 100 perhaps
Urban Outfitters was rejected at price around 40 which coincide with the downtrend upper resistance channel and previous resistance in Oct 2014. Price might want to retest the resistance again.. Two possible targets if price continue southward marked by down arrow 1st: around 34.67 2nd: around 30.45 (if 1st fails to support)
Yes, Dollar index "Seems" to be strengthening... but wait a second first A closer look from the past, dollar index has engaged in a descending triangle/wedge since hitting the untouchable peak at 165. In actual fact, dollar index is weakening overall somehow because the rest of its corresponding currency pair (the other 6 majors-EUR, GBP, JPY, CAD, CHF & SEK) are...