The_Wizard_of_Oz

The_Wizard_of_Oz Updated 

ASX:XJO Week Ending - 23 rd June The tail end of last week saw a steep decline in the Australian market. We might see some short term rebounds before further falls next week and through July.

The_Wizard_of_Oz Updated 

Could we be looking at a potential break out to the upside next week given the triangle pattern forming??

The_Wizard_of_Oz Updated 

Strategy Strong potential pivot point marked by long legged doji & heavily traded support at $1.30. AMEX:XME down 3.4% on week, potential sector rotation heading into next week. Stoch RSI in oversold position Trade Position Entry - $1.345 Target Price - $1.50 Stop Loss - $1.30 Target Return - 10% Risk % - 3.35% Risk to Return...

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Strategy Trade Position

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04JUN16 (Daily) - Was considering shorting the stock below the $39.61 level, for a rebound to $35.59 should we get bearish signs, however while the stock has had a strong pin bar form from high 40s, we had stronger volume and a larger move to push the stock into its upper trading range. Additionally we may find a base at $38.16 which limits out downside on the...

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NYSE:BHP 02JUN16 (Daily) - Low risk short trade if the market re-tests lows after a solid post brexit rebound. BHP should revert and test back at around $26.

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Look for confirmation of a rebound from resistance @16.31 for entry.

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Look for confirmation of a rebound from resistance @16.31 for entry.

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NYSE:WTW Daily Chart

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NYSE:UNM 05JUN16 - Look for the crossing of the 9EMA and 13EMA as continued confirmation of the retracement.

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NASDAQ:CA 03JUN16 - Stock looks quite bullish approaching the top of the trend channel. Look for continued momentum into next week and possible breakout out from the trend / resistance line at $33 or pullback to retest channel lows at $25. The stock is quite volatile, look to wait after the pullback and close below the resistance level for entry to minimize...

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NYSE:BG 05JUN16 - Stock looks like it is going to reverse at heavy resistance / trend channel that is in confluence with the 0.5 fib level at $69 and is heavily overbought on the RSI (80). Entry criteria: Long Position - Breakout from the downward price channel and a base of support at $69. Short Position - If we get confirming bearish candlestick...

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NASDAQ:COST 05JUN16 - Entry criteria: 1. Short Position - If we get confirming bearish candlestick formations at the stop of the channel supporting by weak market performance over the week, potential to enter short and ride to $137. 2. Long Position - Potential to trade this long if a breakout forms out from the downward price channel and a base of support...

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GLD Short Term Trade - Found resistance on a key fibonacci level, could be a good setup for a higher volume trade with tight stop loss.

The_Wizard_of_Oz Updated 

********** Trade Direction: Neutral (hold until for consolidation & RSI drops) Execute Price: $69.68 (look for short term pull back at around $23.50 for entry. Price Target: $25.83 Stop Loss Target: $22.88 (2.93%) Time Frame: 1-2 weeks Cross at the EMA50 could signal a trend reversal upward. however RSI shows the stock could overbought. Wait for further...

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Key fib level in confluence with strong support level, potential quick rebound from the pullback of $17. Look to enter at $15.59 with a tight stop loss (1 - 2%), look to take profits above higher fib level at $16.10

The_Wizard_of_Oz Updated 

KORS Potential short term rebound, testing support level with confluence with a key fibonacci level. Short stop loss at $39.80. RSI indicates oversold, recent spike in volume.

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Resistance appears to be holding at the $34 mark, appears to be overbought on RSI. Executed at $34.10