Looks like a double top in Disney. Fundamentals of the company are very solid, and with Star Wars release, I am not sure if this will play out. If not a double top, could be a good buying opportunity at the resistance. I will be buying some puts here and will consider going long on the stock itself if it holds support line and bounces back.
I think this is a head and shoulders top here. Price target would be in the $36 range (96-66=30; current price of 66-30=36), depends on where exactly you draw the neckline. This would be an approx range though for where the stock could go. Let's see how this plays out in the next 1-2 months.
MACD divergence with stock price. Stock is in consolidation and bouncing off significant resistance at $16.53. I drew out other resistance points. I can see the stock falling to the $13.43 level here and if it breaks it will drop much lower. The move here isn't huge so I'm not sure if it's worth shorting but for anyone looking to go long here I would re-think it.
DDD looks like it's forming a double top here. This looks identical to the double top from Jan-Feb of this year. The chart pattern prior to that top looks very similar to the one on this recent potential double top. I was short back in Feb but took my profits too early. This time, I will enter a trade by buying puts at around $68, which I believe is just passed...
Recent H&S and neckline break. Testing major resistance at around 1200. It looks like to me there's a major breakout on the way and I think it's most likely bearish. Gold has so far not broken that major resistance level but I believe it is coming. The difference from the high close point in the Head and the neckline is 135. The neckline is at 1280, so...
Aussie dollar just had a head and shoulders top with a neckline break. My price target for this is around 89 cent (.97 top minus .93 neckline= a .4 drop from neckline). There is lots of support at the .88 level so I'm looking for a bounce from here and a nice rebound towards the .91855 resistance.
I bought AAPL after the Fibonacci Retracement breakout back in October. Retracements work well here since the top last year. Apple recently broke another retracement last week after a consolidation period. Although volume wasn't really high on these breakouts, I still see a short term run here with a stop loss at $531. My price target is $580; not sure if it will...
Longer term cup and handle here I think. Handle is forming now. I'd buy at these levels or wait for the break out from the handle at just over $12. Stop loss at $8.50.
