This chart is to show that the Nasdaq has the potential to fall further from current highs. There is a lack of support areas in the nearby area to bolster the idea that the trend will continue upward for much longer. Three different levels of support have been shown which can indicate where the index may drop towards, and where it may trend for the next decade or...
This setup is to work as a hedge against the possibility of a long-term bearish trend in the tech index. Recent price action has indicated that a possible trend change is about to happen. This is the beginning of a potential trade setup which can act not as a money-maker, but as a protection for money that is currently in the market and at risk of becoming lost...
LILA is another stock with positions recently added on to by investment group Dodge & Cox. The stock has been trending down since it's initial high, and prices are once again finding an area where they are to either continue on higher, or go down further. The stock has had some slight increase in volume recently, but prices are still below the major resistance...
Shares of this stock were recently purchased by investment group Dodge & Cox, the prices are going through a major wedge shape, which is slightly pointed upwards at an angle. The top of the wedge is at a major resistance from the highest price the stock has reached dating back to 2015. The prices are also bouncing from the 200 MA, providing an area of support from...
IEP, investor guru Carl Icahn's stock company Icahn Capital Management LP is currently riding along a major trendline which goes all the way to it's highest peak. This trendline has some strength to it, and after a previous breakout from a previous trendline along a similar angle, the stock is looking to move higher. There is also a line of support beneath this...
USDCAD is currently at a very important junction, with the price beginning to fall below the channel which has been trending upwards for a year so far. The prices have also fallen below the 200SMA, with a corresponding increase in volume. The retracement area from which prices have peaked is also around the 61.8% level, a strong area for prices to fully turn...
MET seems to be going through a solid breakout from a downwards channel. This retracement has also occurred at 38.2%, allowing for decent upwards movement. There has also been an increase in volume in the past 2 days, allowing for the change in the direction of the price action. According to my Elliott Wave analysis, the stock is going through it's own middle of a...
DD has recently broken out, and seems to be in the process of it's own 3rd wave movement upwards. According to GuruFocus, the latest major guru trades have been buys with no sells. So the stock likely has some further upside potential thanks to the large shareholdings by certain major investors other than insiders. This would give further credence to the notion...
The NIFTY 50 has been able to break out again beyond the highs made previously, and have now made a solid area of demand below the current price action which is becoming steep, and almost appearing vertical. There is actually a strong trend line of support dating back to 10+ years, and it would seem that as the current index is capable of crawling along this...
This analysis combines channelling, 200 SMA, and Elliott Wave. I noticed a breakout chart by user 'pardis,' and decided to trade the stock. Here is my own analysis of the stock after purchasing a few shares with an entry at 130.98/130.45. There was a breakout around 129, and I looked into the price history to have a better understanding of where the stock possibly...
This is an updated chart, taking into consideration other factors which are currently unfolding on the EUR/USD. The 200-SMA line has come close to the price action, possibly signifying a bounce to higher prices. However, there is a strong trend line nearby, where many other buyers will also be waiting. This area of demand can help facilitate more downward price...
XAUUSD seems to have hit a major trend line causing it to pullback significantly. The current sell-off is merely a temporary correction, which once finished will resume the gold rally which had begun previously earlier. This rally should have the strength to break past the major trend line, causing gold to rally up to the predicted $1300 levels. If the sell-off...
Silver has been trying to attempt to rally, but along with gold, it has hit some major resistance which has lead to the two both falling back to lower highs from before. As long as these lower highs remain in tact, on a technical basis these two commodities should be able to safely bottom before resuming their uptrend to higher prices.
The Dollar Index, symbol DXY, is currently at areas of demand, which means that there are many buyers waiting to get into the trade, so that soon (this week) there will likely be a large rally from the current support, all the way to the next level of resistance. This next area of resistance is known as the supply zone, and there will be sellers waiting here to,...
During the presidential elections in France, speculation about Macron's victory lead to a large rally in the Euro, leading to sentiment in the market turning short-term bullish in regards towards the Euro's future prices. Post-elections, after Macron won by a significant margin, prices may have begun a decline, possibly completely reversing the previous gains in...
