Sharing this bullish view. Not what I am saying but rather what the chart is telling. This looks like a symmetrical triangle with a break and successful test. Despite the news and indicators, it is saying higher.
This Texas oil and natural gas producer IPO is off to a good start. With recent earnings meeting analyst expectations, it may be time for this flag to pay off. The risk/reward ratio looks decent here for an entry and I have a target near 32 -33. After much discussion and the suggestion of Leones, I am adding a first target of 30. If price manages to cross this...
The last two times CCI reached these levels price made a bounce just before setting up nicely for a long. I will be watching for this little bounce before going long.
Using a Leone style setup for this trading chart. Thank You ! Price is wedged here just below the 20 EMA and the fifth rail. I have a first target of 20.50 and a second target near 22. Stop loss is set at 17.70.
Looking at NVDA's monthly chart the business cycle looks clear. Long periods of declining shareholder value with declining volume. At the end of this decline , there is a rise in share price(orange line) with a continued decline in volume(blue line). Once price crosses a critical pivot (red lines), it rises sharply returning shareholder value in a big way on...
Looking at Nvidia's chart for patterns. Recent price movement following CC suggests price is ready to resume upward trend. I have the previous consolidation period before breakout highlighted along with RSI 14 . Recent price and RSI movement is similar to past and may be suggesting we are poised for another run soon. Recent CC with strong earnings beat...
Made this chart after viewing the charts of a couple of my favorite authors here at Trading View.Thank you for posting. Price is visiting the 84 level for the third time in recent history. It is clear from the chart that with each test bears are gaining ground and the bulls are losing. I suspect the next test will fall through this level to my first target near...
NVDA Bulls making some progress in cracking the ceiling on this flag today. First bull run ending on the 6th of March fell short of reaching surface. The second run ending on the 26th of March spent some time attempting to breach but was strongly rejected on high volume. The third run ending on the 3rd of April made some progress with deeper penetration and did...
Nvidia has formed a symmetrical triangle spanning years. Using log scale, it appears we have a break of the long term downtrend line. I have a near term target appx 21 and and a very long term target near 52.
This chart has a nice IHS with a break and gaps to fill. There is some resistance just ahead at 20.74 but a nice risk reward no less.
While FSLR is rallying into resistance, Solar City is diving right in the middle support. If your looking to go long in solar, this is the right place.
The tale of the of two bubbles. Those who want in and those who want out. I see a trading opportunity. Price is approaching a level with the potential for a lot of supply. It has made one approach already and failed. This time the bulls don't have the momentum they had the first time. I suggest a stop just past our last top 16.30 and see a conservative first...
Alcoa continues to look strong. It just completed an IHS as it looks to move higher. A break to confirm appears imminent. I have a target near 13.30 with a stop of 11.70. Next is an RSI study where below the red line is buy zone and above yellow line is sell zone roughly.
EMC recently broke the downtrend line after forming an IHS. Looking at the bigger picture, I believe these moves are significant considering where they are occurring. I have a near term target of 32-33 and a long term target of 44-45 with a stop at 23.50
Playing with this chart and sharing . Using Gann Fan to try and predict a parabolic top of this bull. No garuantee there will be one but that should not stop the pursuit. Earnings in the am on the 27th of March. PEIX explosive earnings chart is the foundation for this chart. I looked for relationships between price action and 1/1 on PEIX chart to set this...
Do my eyes deceive? Looks like a break on this massive formation and right on time too.
In case you have missed it, ethanol producers are blowing up on strong earnings reports. With corn prices low and ethanol demand high, conditions are right for explosive results. PEIX and BIOF reported last week, As this chart illustrates, their results were anything but disappointing. REX is scheduled to report 3/27/2014 premarket. REX recently broke out of...