Above all MA's, Broke the downtrend in April and has trended upwards since then, broke the immediate short term horizontal resistance, MACD made a bullish crossover, RSI is rising and in bullish zone. On a weekly it gives a possible inverse head and shoulder formation look. Can go long over 14 with a possible immediate resistance @15.
Immediate support below @102, which could also be a place to go long with a stop loss at the loss of 101 (horizontal support). Going long @102 one could aim for the gapfill till around 109. Anywhere between 107-109 can again be a good short opportunity with a possible head and shoulder pattern in the making.All in all currently prices support bullish biasness...
Printed a maribozu right at trendline support and gapped up on earnings. After couple of days of digestion it faces immediate resistances from MA's congestion above. If it can clear 11.60 (above all MA) it can bode well for higher prices in coming months. A long can be initiated here or waiting on break of 11.60 with a stop below close under 10dma. MACD is about...
FTK broke the horizontal resistance on Friday and have been in an uptrend since almost the start of this year. Even with very recent pull back in the oil services (energy) sector this name has been showing good relative strength. MACD curled up and is rising, RSI is rising and not close to overbought. Above all the moving averages is also a big plus if you are a...
Traded over 200dma with volume. MACD above 0 and curled up. RSI is the only concerning factor as it is too hot at the moment. Waiting for it to cool off a little could provide a good R/R with a stop below 200dma (closing price).
Right on the uptrend channel, can go long here with a stop below 29.50. 29.70 can provide a double bottom.
MRO tested 10dma and bounced off, breakout over 15.75 with a stop below close on 10dma. All the moving averages but 10dma are pointing up which is bullish for MRO. On a weekly it broke long term downtrend and price is currently consolidating.
Big horizontal weekly support + 200dma average on weekly support + MACD' divergence. All in all lossing 200dma is a good short till then looks like a good bounce possible RSI trying to turn a bit here. When it moves it can move big.
Monthly Fib level, ascending trendline, horizontal support. All in all 400-410 looks good spot to go long with a stop below 400.
Above all the MA's, today's price action broke the downtrend line. Next resistance is @153. If it breaks 153 with good volume prices could see 160's fairly quickly.
Right at resistance from weekly and at support from the the uptrend channel. XLF group as a whole is bullish. Not sure current rally has enough legs to pierce $15 resistance.
Broke immediate downtrend, double bottom in place, MACD just crossed 0, RSI is rising and in bullish zone, 10sma above 30sma, good volume on today's breakout. Nice place to go long with stop loss below 12.
ABBV broke both sideways consolidation range and declining trend line. Previous few trading sessions have been hittin the resistance but unable to break out. Friday's price broke out of resistance which bodes well for higher prices. Stop below Friday's low (or previous resistances) @56 should be a good R/R for a long position.
Previous 4 week's scenario Downtrend- Doji - Gap-up and the last one's price didn't take out low of the gap-up candle and closed almost at par with the close of gap-up candle. All in all, a very bullish scenario for upcoming weeks. Stop at 64.32 (below 64) presents a good R/R ratio. Friday's close gave a good entry to the bulls, one more shakeout on Monday...
NKE is right at support from three trendlines + fib .5 level. Definitely a spot where NKE can see some upside.
CMCSA weekly and daily shows that trend could reverse soon after hitting the lower trend line. MACD is about to have a bullish crossover, with RSI coming out of an oversold level.
Riding nicely on the lower trend line, got support from the horizontal trend line 2 days back and rose above. Although a close on Thursday's reduced session was not bullish but the fact that it closed above the trendline still means bulls have a chance to get higher prices. MACD crossing above from below is bullish, RSI is almost oversold. Previous 7 sessions have...
AGIO broke out of the downtrend but didn't close on the highs of the day. Also the volume on the breakout was very less understandably due to holiday season. It will be an interesting round of events next week to get an idea as to where AGIO's is going. MACD and RSI are showing bullish signs. All in all if it can consolidate a little over the downtrend line there...