mukhriz.mangsor

mukhriz.mangsor

Based on the descending triangle pattern, eBay price has break below the bottom line pre-market at $36. This may fueled the downside move toward its minimum target of $33

mukhriz.mangsor

First thing first, it all because of the famous Head & Shoulder (H&S) pattern at the top signalling reversal. The moment the candle break the neckline, TWTR start to make a dive. Then it followed by a descending triangle pattern. Price break below the bottom of the triangle in pre-market, and now price is about to hit the minimum target move. Expect price to...

mukhriz.mangsor

Using both candle & oscillator analysis, BA seems to find some ground to push the price higher as depicted by a Hammer candle on Monday with yesterday candle showing a gap with a close higher than the Monday candle. Supporting such move was Stochastic indicator to confirm the cross-over going the oversold surface, with positive divergence on stochastic. Further...

mukhriz.mangsor

BMY gap-up today opening near $60 level, but closed at $54.23 creating somewhat an inverted hammer candle. Need to be cautious here. Stochastic still on the overbought territory. Watch the Stochastic closely for any sign dipping below 80 level. A closed below or near $53 we may consider to go square.

mukhriz.mangsor

The descending triangle pattern could provide further potential for MCD to go lower. Consider short trade if price closed below the descending triangle pattern. The potential downward move will be likely around $15 if price break below the descending triangle pattern.