Im not a fundamental trader but today i received an email confirming Ebays proposals of a split with it's sister company Paypal., which I think has been holding Ebay up over the past couple of years in it's struggle to compete against other online giants such as amazon. The chart clearly shows a bearish flag formation & looks to be tiltering on the edge of what...
CSCO Broke out of the up trend formation, re tested the underside resistance level for a continuation lower targeting support at - SHORT 27.66
C / Citigroup Inc riding the top side of the 55 ma and looks to in the footsteps of consolidation break out. long on a daily chart. - LONG 140. Daily Zoomed in MTH prospective
BK Consolidation breakout LONG - 50.0 / 58
USDCAD NEW IDEA - LONG 1.31 / 2009 HIGH
EURGBP Breaking through 55ma. Below previous resistance level first target SHORT 0.733 ** TP!1 / TP2 / TP3 HIT **
looking for a break out of the channel targeting 133.436 / with a retrace, possible head and shoulder formation to continue lower down to 132.508 / 131.331 support levels
Follow on Previous analysis Price action 101 - Break out - Retrace - Continuation / Still waiting for price to break support at around it's current level 11760
Struggling to break resistance. Looking for a drop out of the channel to go SHORT 95.329 and possibly further continuation to 94.899 / 94.497
I can't make it any easier than it already is SELL - RED BUY - GRAY Indicator list 55 Moving average TrendMaster Bar Settings SMA 5 & SMA 55 TrendMaster Wall Settings SMA 5 & SMA 55
SHORT SHORT after rejection candle at resistance 1.11273 Keep stops tight
A break & close of resistance will target fib 0.618 level at 1.17
Risk/ reward 8.02 support around 0.75014 *** UPDATE **** Taking profit at 0.749 then look to re enter short for 0.74
EURGBP Looking for a pull back short after a rejection at resistance targeting 0.73401 Possible deflecting of the top of the trend line. A break though of that level then a further target of 0.73 / 0.72601 giving a 50% retracement of the prvious bullish leg up
consolidating at the 0.78800 level for a break short. targets 0.7802 / 0.776
HON My analysis for Honeywell puely technical and is initialy taken from a wk chart, but even on a day chart the trend is making a clear indication of changing it's bullish bias with a drop below the 55 ma cutting directly through the ichi cloud. My very own indicator design 'Trendmaster IV ' ( lower) (cheeky grin :) also confirms the bearish momentum taking...