Volume is building, and a bullish engulfing candle was formed, which pushed through resistance. The next test will be the .382 fib area @ 65.18 which has been choppy. See noted on the chart. I am looking to purchase calls, this stocks PE ratio is below the sectors average.
MOS just bounced off the the .754 fib and the trendline. When price approached this area volume increased, and overall volume began declining since the initial decline in July. I am purchasing Dec 50 calls
Just watching PA in this area. PA is Beginning to push up against both a down TL and resistance area. If price breaks through it may continue move up toward the recent 101 high. If it breaks lower look to the recent low where buying volume was very high. I have purchased a Jan.15 call w/a strike @ 100. w/ the holiday season approaching I believe PA will get the...
Price just broke out of a range, in addition to breaking a Fib retracement drawn from last July. I am looking for a pull back before adding to my short position (short began at 1.3895 4/11/14)
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
AUDUSD was in an uptrend since approx the beginning of the year. In May the pair failed to make a new high and since then began a range, which broke the trendline. The new recent high made at the beginning of July looked to restart the trend, but instead signaled bearish divergence, as the the RSI failed to make a new high as well. I am waiting on a little pull...
After looking at the recent candles, they show increased buying pressure in the 1.3563 area. Over all it looks as though price broke to the downside after being in a range within a larger downtrend. That said this trade is a counter trend trade and is a bit risky, so I will use a very tight stop. please comment / criticize
The daily chart shows the EURUSD pair in an uptrend. So this trade is counter trend which can be risky. Price is continuing to make low lows, and lower highs. The daily fib extension is providing strong resistance. Looking at recent EUR options volume, shows more PUT volume than CALLs. (June 14 contracts) signaling traders are anticipating a drop in price in...
PA is bouncing off the .618, I expect PA to test the trend line before heading back down. This trade offers low risk, with a high reward. Place stop below the .618 w/ a target around the most resent high (1.54850)
Price is bouncing off of the confluence of support, which is a horizontal line, the .382 fib and the upper channel line which it broke through back in late march. Buy here with a tight stop, with a target around April's highs, will set up a 3:1 reward to risk ratio.
Price broke out of the upper boundary of the channel, only to comeback and test, then re-enter the channel. If the 1.09500 area does not hold up, look for price to drop quickly to the 1.0610 area. There is little in the way in terms of horizontal support or resistance. There is some support at the .50 fib area, but the strongest support is at the ,618 area.
Looking at the Euro futures, the momentum is declining, as shown on the momentum indicator. There is also divergence and, a triangle forming. Waiting one a trend line break to enter a trade with a tight stop. Target 1 = 1.35000 Target 2 = 1.33437
Buying after a clean break of the resistance point. With the March highs as an approx. target.
Small position will be opened, once resistance is broken. Time wise this will be a short term trade, with a tight stop.
A little pull back will provide a better entry point. With targets at 144.00 and 145.00