PDLI has clearly broken out of its triangle formation, confirming the pattern. Using the measure rule we can predict a best case price target of just over four dollars. PDLI has already made half of that movement upward, so the risk-reward today is much less enticing than it was immediately after its breakout. It also broke out rather close to the apex of the...
The next week should be quite telling in terms of the markets direction. As you can see, we've hit the index's downward sloping trendline for a second time. This is the first of several key hurdles that stack up at around the same level.
This current 2070 level not only needs to manage to pierce the trendline, but also has to move past this level which has...
I personally won't be entering this trade, but there exists a possible long position here. While not ideal in its width or height, apple looks like its coming out of a valid rounded bottom that formed from the beginning of 2016 until early march (the handle forms around march fourth). I've drawn the expected price movement for this formation (taken from the height...
RIG exploded past its anticipated resistance at 12, settling at 12.71. In fact its price and volume have been increasing massively each day for a week now.
I'm hesitantly expecting the price of this stock to increase further, but the timeframe is unclear. It's quite possible that we have a bit of a gap on monday, and it opens high. I do not expect the stock to...
Sprint hit and appears to have rejected a resistance level of 3.9 with a dark cloud cover candlestick reversal pattern (the last candle opened above the close of the previous day, but closed down below its midpoint). Its RSI is also rather high.Based on historical support provided at 3.5ish back in November and December i predict that the stock will trend down and...
Alcoa successfully breached its downward trendline (blue) and made it past key resistance at 8.51, in line with my expectations for this stock to perform bullishly based on technicals at the time. The picture has changed somewhat.
First, note the slightly decreasing volume during its 2016 breakout signalling that its momentum is decreasing, albeit not...
CMG pierced its first major resistance at 480 on 2/11, and has trended slightly up and sideways since then. Right now the stock appears to be finishing its second attempt to pass through a second major retracement and resistance level at approx. 530.
Based on the RSI, the low volume on its last two positive gains, the recent failure to close above 530, and the...
CRMD saw a massive gain yesterday.
Over the course of the day we can see that the MACD historam tightens with the stock price into a triangle - suggesting a probably trend continuation (though reversal is also possible).
A major break through this formation on substantial volume will indicate whether CRMD could potentially see a second big day, or if it will...
PMC recently revised its 2016 forecast downward - sending its share price tumbling. From there the stock has been trending more or less sideways (there its little data since the drop to form a between 22 and 23 with volume declining. This suggests a major move north or south is called for - which we got just recently. Volume has picked up slightly on that move...
Feedback/comments/criticisms are most welcome.
I'm thinking we trade within this consolidation channel until either major macro news forces something - or we hit 2000-2010 within the channel and the bulls and bears. If the most recent double bottoms follows the trend set by the double bottom in sep-oct, we'll rebound to approximately 2010 off of it.
Taking a...
***This analysis is HEAVILY dependent on future macroeconomics and geopolitics and public statements, it could prove to be ENTIRELY wrong an hour from now based on what oil minister or nation X or Y says or does in an interview/meeting, etc.***
That being said, the technicals indicate to me that DRIP is going lower.
First, we have the head and shoulders (shown...
JPM has declined from a double tops formation which is marked by two horizontal blue lines at approximately 70 and 68.5. Based on this formation, we would expect a new resistance level to be established at approximately 60, which has been the case thus far in 2016.
At the moment JPM is flirting with this line at 59.76 which brings up the question of whether it...
Alcoa has been trending down over the past year, as denoted by the blue trendline following its price peaks over the past 12 months or so. Over the past two days its finally broken through that line, indicating that the trend may possibly be reversing and Alcoa may rise.
In the short term if Alcoa does continue to rise, expect resistance at $10. This is an...
CENX appeared to be just finishing a head and shoulders tops formation (marked by five horizontal blue lines) spanning from Sep 2015 to march 2015. Based on that formation, the price should have retreated to approximately 10 dollars. It went slightly below that but showed some signs of stabilizing. However, CENX also posted revenues that were 26% below consensus...
Goldman appears to have relatively recently confirmed completion of a head and shoulders tops. The head and shoulders are marked by short horizontal blue lines, and the neckline forms at about 172. Volume during this time period appears to support the formation, as does the attempted rally (around January 29th) on the initial steep decline below neckline...
I'm new to this but...
This looks to me like a head and shoulders tops formation (albeit a long one) - the three horizontal blue lines mark the top of each shoulder and the head. Neckline is marked by the horizontal line at 105.98. Based on this, new long-intermediate term resistance should be established here IF it breaks its more recent resistance at...
