NZD/AUD currency pair struggles to break above twin resistance at (1). The reliable Monthly support zone which recently became resistance offers some indication that coupled with the descending trend line (1), it’s likely that we will see a pullback for at least the short term. In this scenario, a short position could be taken below the base of the zone (long...
A nice swing short set-up presenting itself here on the GBP/SGD currency pair. Multi-month (R) horizontal resistance zone coupled with Rising Wedge resistance (red line) capped further gains during this morning’s European session. Anywhere inside the green resistance zone should suffice for short positioning (short-medium term), with stops above (1). Short-term...
Love a pattern breakout inside a rising channel, above 150.71 is your cue.
Nice flag consolidation taking place here two days before earnings. Well worth a punt ABOVE 67.20, eyeing 68.15.
USD/SGD currency pair testing multi-year rising support. On the 23rd of March this year the USD/SGD currency pair topped out at the 2nd of January 2017 highs (Double Top) and has since declined relentlessly. Now testing multi-year rising (A) and falling wedge support at (1). A good buying opportunity for the long term could present itself above (1) with 1.37300s...
Core Molding Technologies, Inc., together with its subsidiaries, engages in the molding of thermoplastic and thermoset structural products. The company specializes in large-format moldings and offers a range of manufacturing processes that include compression molding of sheet molding compounds, bulk molding compounds, resin transfer molding, liquid molding of...
Ontrak, Inc. operates as an artificial intelligence-powered, virtualized outpatient healthcare treatment company that provides in-person or telehealth intervention services to health plans and other third-party payors. Its Ontrak PRE (Predict-Recommend-Engage) platform predicts people whose chronic disease will improve with behaviour change, recommends care...
Twin resistance capping further gains so far this week for the AUD/JPY currency pair. Since the March lows, the multi-month rally is at risk of breaking down as it approaches twin resistance at (1). The long term downtrend trend which started back in November 2014, could once again provide a good selling opportunity here for the short-medium term. Alternatively,...
The EUR/CAD started its 2018 decline on March 20th. and bottomed out on 20th February this year creating a multi-year bullish reversal Falling Wedge pattern (A). A strong breakout occurred on the 27th later that month at the 1.46549 handle and from there continued to gain traction until the 19th of March where it topped out at 1.59936. Over the past 4 months the...
Sugar No.11 prices held below the weekly 200 period moving average last week, topping out at 1353.6 (1) as Smart Money Hedgers added to their already large short positions, reaching an extreme (-291797.00 contracts). 50% fib, taken from the Feb highs and April lows of this year junction nicely with rising wedge support at (2), a convincing break below support will...
EPAM Systems, Inc. provides advanced stage engineering and programming improvement administrations in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. Earnings are forecast to grow 20.30% per year Earnings grew by 19.8% over the past year Approx. 56% overvalued Significant insider selling over the past 3 months PE Ratio...
LYFT INC (LYFT) is currently trading approx 64% below fair value, its currently unprofitable and not forecast to become profitable over the next 3 years. Revenue is forecast to grow 26% per year. LYFT bounced off falling wedge support yesterday amid a massive volume spike, totalling 56,019 000 (avg 10,857 930) . Total shares outstanding amount to 306,808....
Visa Inc.’s (V) earnings are forecast to grow 14.35% per year according to a dozen or so analysts, despite returning 11.6% over the past year, which is 6% shy of the US Market. Ongoing occasions have been satisfying for Visa as its income have ascended notwithstanding the market's profit going into invert. It appears that many are anticipating that the...
Since the March lows, (XLB) has put in a strong performance, closing up 19.67% in April, 9.23% in May, 1.39% June, 7.21% in July, and so far 3.71% during this month. Whilst holding above its important medium and long term moving averages, XLB finds itself within sniffing distance of a yearly Double Top pattern and 1.618% Fib extension level (C), taken from the...
Soybean export prices rose in July ‘20 averaging $364/ton an increase of $14 from June. Oilseed production is forecast at 610 million tons, up 6 million from July ‘20 due to an increase in soybean crop in the U.S. The U.S. Farming Department on Thursday said Chinese purchasers booked arrangements to purchase 197,000 tons of U.S. soybeans, the seventh weekday in...
YTD the iShares 20 Year Treasury Bond (TLT) is up 21.55% (as of Aug 13, 2020), YTD the tech-heavy Nasdaq 100 is up 23.80%. During troubled times and low-interest rates, bond-buying would be considered a safer investment vehicle, and many seasoned traders hopped on board during the coronavirus pandemic, and are now sitting pretty. TLT broke out of its multi-year...
Towards the end of July '20, EUR/NZD found itself back inside its monthly ranging channel (1) as the EURO continues to advance against the New Zealand Dollar (NZD). EUR/NZD bulls managed to overcome significant resistance which was capped by the 200 SMA on the 29 May ‘20, and are now within spitting distance of testing the top side of the Rising Wedge pattern...
The near term outlook (up to 3 weeks) for the GBP/JPY is skewed slightly bearish. A combination of resistance hurdles is in play at (1). On the Daily time frame we have an imminent Double Top pattern forming and just above that, multi-year sloping trend line resistance which junctions with yearly horizontal resistance (red channel). Furthermore, the RSI indicator...