Awaiting completion of a what looks to be a very nice inverse head and shoulders for NYSE:PFE.
Bullish TA outlook - PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chart
Buy Rating - 10 analysts cover NYSE:PFE. 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past 3...
Possible Inverse H&S on Pandora. Wait for a break above $10.15 to enter.
Large gap between $16-$19 might get filled.
Only hesitation on this is that the IHS looks too perfect. Watch for a false breakout.
Vertical spread would work well, or a long straddle if more conservative
DXY retracement to prior trend line complete, look for a move down from here to the $93.42 area.
Note the RSI (nearing trend line from May 28th down which didn't show up on the chart) and Stoch divergence.
Possible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal.
Note where the entry...
NYSE:QEP looks to have completed a head and shoulders pattern today. I have listed two price targets, the first being an area of possible support. The second target is the price target based on the size of the head and shoulders pattern.
Only concern is QEP is currently at a trend line support.
Long term Cup and Handle formation for FOSL.
If the bullish wedge currently forming the handle breaks out, the stock should try to fill the gap between $37 and $39, which would be a good place for initial profit taking.
Based on the size of the cup and handle formation, around $59 should be a final price target.
Remember this is a long term chart pattern and...
Financials have sputtered as of late, and this can be interpreted in two ways:
Scenario 1: This is a bullish wedge and because of expected future interest rate hikes financials will break out and create new highs in the $32 -$35 range for the AMEX:XLF. Supporting this is the RSI hit lows previously seen on 3/22 and all the way back to the beginning of 2016....
TVC:USOIL has retraced back to a previous channel which is now acting as resistance. The bold line is my initial opinion, where the fact that USOIL recently broke a major trend line (blue line) and the channel resistance will send the stock down to $62.50 before we get any real support.
If oil does break through the channel resistance it could retrace back to...
Technicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a...