What: Short term relief rally followed by a decline
Why: Bullish flag followed by a bearing descending triangle
Fundamental: The overall market seems to have been confused with the results of the recent presidential election. What may seem to be a positive thing for markets could be short lived due to the rush of ...
What: Bearish pattern
Why: Rising wedge breaks below trend line
Fundamental: Bank stocks had a decent rally this year partly due to the increasing odds of a rate hike but that's probably priced in by now. Looking for a 10%+ pull back in the coming months.
Profit Target: Price target at $49 on 2/2/17
What: Bearish pattern for $PXD
Why: Rising wedge breaks below trend line.
Fundamental: Natural resource industry is showing signs of weakness after it's rally this year likely due to the negative outlook of the OPEC decision in late November.
Profit Target: Sell target at $146 & 5/3/17
Stop Loss: 10% ...