We are in a price level that has acted as a major support and resistance the 8 weeks before the start of the rally.
We will have to see if there is follow through past this support, and the 107.40 support before it can make further down moves.
My bias is long DIS, so I am hoping for weakness in the bear direction and that the support will hold and we will see a...
close between 29 and 30th are the same.
Opened higher on the 31st but weak close at end of the day below the previous 2 days close.
Today opened at 31st close and started heading lower.
Treating 20 to 31st as supply line and entered a short term short position.
Will look to close out my position if reaches above 211.50
Will look to take my gains when reaches 208.
Closed on 31st below range, a little bit off its lows.
Today opened below/at the range and make lower lows than the 31st.
Watching if there is a follow through by the bears or if bulls will take over and recover above the close on the 31st.
Saw a strong bullish recovery on the 26th with a close above previous 2 days highs and close to 7/21 close. However failed to follow through on the next day.
We then see a couple of tight closes at 105 area with resistance at 105.70.
On 30th and 31st, we see the support and resistance being pierced but no follow though.
Entered a short position because of the...
Strong move up a few weeks ago.
Retracted and consolidating sideways for the last ~25 days between 175 and 180. A 2.75% range.
Expect a breakout on the long side in the future.
XLY channeling upwards, and currently at top of the channel. Expect the sector to have resistance in the short term.
Plan to enter a long position in TWC when it returns to 175. I...
Consolidating on 10 dma
Have been trending up
no earnings coming up
recent up move on high volume
support at 140
23 DTE
135/130p for .95
140/135p for 1.70
consolidating between 57 and 60 after a large move.
Currently below 10 dma, and far from 30 dma.
I would expect to wait for 30 dma to catch up before another big move.
Sina is an online media company that offers mobile value added services in China
So Sina is also a China play
tight consolidating after a recent uptrend from lows
consolidating with low volume
10dma > 30dma
however both still < 50dma. Meeting restance at 50dma ~220
If breaks through 50 dma, will have 100 dma to test
Broke support but with a doji - indicating uncertainty. Can still close above trend line tomorrow.
10 < 30< 50 < 100, however ADX indicates it's not a trend yet.
However I am bearish
