pipstrading

pipstrading

Rocky Brands was in a nice upward channel since after 2008 financial crisis. It has recently broke the lower bound of the trend line, but formed a bullish BAT. However, in terms of time, it still need to retest the bottom of $10 or consolidates for a while. The bull should be back closer to Nov 2016. Upside potential should be the lower bound of the upward...

pipstrading

Such a great example for ratio confluence area! Point Q, is at the confluence of 1.618 AB extension, 1.272 CD extension, 1.618 DE reverse extension! Stock price has rallied more than 7 times from the bottom in 2 months. Current price of $2.30 area is a resistance that it needs to cross. If it does, there is another 100% upside potential. Looking forward to see...

pipstrading

I am surprised to see so many stocks that have recently formed Bullish BAT and offer the Long opportunities. The recent rally ones during last Friday are good examples. Let's keep a closer watch. There must be some more other stocks that have just formed such patterns. Let's find them and catch the better price. At least another 80% upside potential.

pipstrading

Such a nice Bullish Crab it has formed over the past few years. Long price target 1, $21, target 2, $31.

pipstrading

This is such a dramatic stock. Stock price drop from $69 to less than 10 cents. Anyway, who have dared to pick up this stock after 2008 crisis will have turned there investment into 100 times gain. That is the excitement part of stock investment... Anyway, this stock has formed a nicely upward trend since then. Tested the trend line twice. If it break through...

pipstrading

I am surprised to see Giant Bearish BAT that Microsoft has formed since 2000. It has recently retested the $57~ level, then a nice Fail! A very good price to Short now. Stop loss at 60. Target 1 $41, Target 2 $31. Looking forward to the result. This is really a Mega Bearish BAT!

pipstrading

Garmin was in a nice upward channel after 2008. Unfortunately, it broke the lower bound of the upper channel 3Q 2015. It formed a bullish BAT eventually. Current price has just hit target 1 for the bullish BAT. Will it retest the $31 level before heading towards $50? Let's see.

pipstrading

Missed such a great chance to Long Tesla after it formed the bullish BAT. Dont catch the trend yet. if we look back a bit more, now may just be in part of the path to reach the Bearish ABCD target price 2 of $125. if it pull back to $125, that would be a very attractive price to buy and hold till triple the price. Short term bear. Longer term BULL!

pipstrading

Facebook has rallied since IPO. It has not has a significant retracement except the market crash in Aug 2015. Maybe Facebook needs a retracement before heading towards $150. wild guess is that it will retrace to $88 first then rally to $150. Let's see. Like or Dislike?

pipstrading

If you like US blue chip with some dividend yield, you might not miss ExxonMobil. Just like AT&T, it is growing steadily. Exxon is still in a nice upward trend even though OIL price dropped significantly. Anyway, there is resistance at $100 level. After reaching $100, price may pull back to $88 ~ $87 level, before heading towards profit zone of...

pipstrading

Twitter has formed short term bullish ABCD, should be good to long till $23. however, on a longer term scale. Twitter has not completed the larger ABCD. there is still chance to twitter go down to $11 (which is a very good price to buy). If it really does, TP1 is $35, TP2 is $50. very decent profit.

pipstrading

AUD has a decent rally since start of the year. AUDUSD W chart looks so similar to silver. Does this consider a completion of Bullish BAT? or will it need to test the level of 0.66 (88.6% retracement of XA)? Anyway, no matter from current or test 0.66 first, the mid to long term target is 0.85 level and 0.94 level. Fundamental wise, need a commodity bull to...

pipstrading

WTI completed bullish ABCD in Feb 2016. It was quite a rally since then. up by more then 60%. currently there is some resistance at $44.4 level. however, it should break and reach $48.5. After hitting $48.5 or even short term breakout till $50, it should be a very good chance to short. short TP1 will be $40, TP2 is $35. Interesting to trade oil. by the way,...

pipstrading

Gold has been performing good since late last year. On W chart, it has nicely broken the downward trend line. However, please dont long first. short term gold may drop and retest the upper bound for the downward trend line before an other soar. $1200 and $1150 are attractive price to buy.

pipstrading

Silver has formed a nice Bullish BAT in W chart since 2008. Of course, short term $18 is a resistance. not sure whether silver will retest the level of $13. but longer term should not be a problem to hit $27 level! Looking forward to this BULL in silver.

pipstrading

I have just shared a short term view on Stoxx this morning. If we look back to 2008, it has actually formed a bearish BAT. if Stoxx continues to fall from 3200 level, it might eventually reach the target price 2 of 2400 level. Let's see.

pipstrading

Quite many banks have bullish view on Europe equity market since last year. but how has it been? disappointing... Short term view on Stoxx: Anyway, short term bullish to hit 3200 to form the bearish BAT. After that, should drop till 2810 level.

pipstrading

AT&T seems to be in consolidation since mid 2012. The recent 2 month rally broke the downward triangle upper bound. it may move down to retest the upper bound first before another rally. Anyway, current spot price of $38 is still a good price to buy since the dividend yield is a decent 5%! A good retirement stock.