Looks like TSX is in general slanting downwards. RSI is continuing to decrease and sets up possibility of large slip to downside similar to October November. In a options trade for Buying vertical put for debit of 0.30 and selling calendar Sept 20 and Oct 18 at debit 0.13. Reward/Risk 2/1.
Interesting to look at near ideal resistance and consolidation at 61% and 161% for overall SPX. DJI is similar as well. Does show some clear divergence on RSI which makes for rough chance of breaking through current resistance. Fib was taken from 2008 High to 2009 Low. Macro trend on Fib
Has good support of going sideways for over a year from $110 to $140. RSI is low and possibility of bounce is there like it has done cyclically in the past. Overall market selloff can break ALXN support of $105 area and head down toward $95 like in the end of 2018. Strong trade likely for a bounce off support and head towards upper trend line and test.
Looks like it retraced a small amount and will continue to bounce upward towards original Fib price target $289. RSI had sharp downward adjustment and has room to increase along with MACD. Looks setup to at least retest previous highs as resistance and go towards $289.
Currently in a downward trend and unlikely new investors will buy. It is retail for Calvin Klein and others and is not doing so well fundamentally. Tariffs on China will make this stock untouchable unless good earnings and price enough for value investing. Next support of downward trend should approach at 70.20 then 65.00. RSI is very low but can remain around...
Looks like stock is in uptrend. Withstood some tariff talk, risky but maybe an indicator buyers exist for stock. Fib retracement of nearly 50% on 1st wave. Has previously gotten rejected on 200-day MA and has the possibility to do so again. Still looking like upward trend. Chinese stock so trade tensions hold large risk.
EXC is recently featured on Barrons article of potential positive yielding utility stocks. It is near 50% retracement from Low to High Fib retracements. Also recent Utility stock push due to tariffs can show positive investment flow into EXC. RSI on 22 day scale shows that it is very oversold and that combined with tested support and Fib levels show strong...
Waiting for AMZN to come back down to Fib retracement levels, along with previous resistance turned support at $1776.00. Falls in line with upward trendline and AMZN is currently very oversold in that RSI is at about 30. Strong possibility of a bounce at levels indicated above. Short bounce before going down further is also possible due to RSI showing it is very oversold.
Looks like NVTA is continuing its uptrend. Currently looks like the possibility for a slight pull back at resistance accompanied by divergence in MACD and pricing. Once pullback is complete, opportunity for completing 5 waves is still there.