GKN has outperformed the benchmark index by over 10% in the last 3 months. The shares have completed a base formation on the weekly chart and look set to push higher over the medium to long term. Buy with a stop at 296p. We are targeting a move towards 416p
Will a negative ER hamper the stock price all quarter, or is investment ready to begin scaling in again?
Ford will recover to at most 13.4 or at least 13.2 this week, based on the low/high seen in this pitchfork.
I am late in shorting the first turn away from the upper level of resistance. However the price action may continue to drop to the lower range of the upper bear channel, 239 area. I do not prefer the risk to reward at this point in time and am watching for a retest of the 248-254 range to short in the first 5-7 trading days of May. A more aggressive approach...
on the large scale theres a funnel formation indicating a rise. since 2016 this pattern also looks to me like it could be a buy option until around 97.50 (786 on fibs) to do this it will firstly need to break the downward trend resistance line.
It shows the prices can come down to the level of 1205. It is easy to trade as a positional trader in this one. If it retraces a little bit to 1290-1300 levels then it can be an extremely great opportunity to short this one with Stoploss: 1300 Target: 1205 Duration: 4-7 days
Bearish Cypher pattern with resistance confirmation, now I expect to price to fall at 330 levels from current price level. Selling will be seen and 61.8 retracement expected.
In a Downtrend, seeking for a short opportunity and due to that I have marked two red arrows to denote whether the short coming will happen at the current price level or after completion of Gartley pattern. I would suggest to hold your short positions till we get confirmed with the downfall point or price action.
Technicals are screaming for a H&S it seems :) Not a bad place to buy the breakout for a last-fart rally before it gets dumped down to 120~150 (sweet spot) T/P: 250~263.87 Entry: 206.23 S/L: 192.28
Within the weak Tires sub industry, Goodyear has been losing upside momentum and is starting to underperform the S&P since May 2014. Technical Analysis: - Bearish Divergence from May to now - Price has been holding bellow the 20MA on the weekly chart with a mean rejection at the beginning of Sep - Downtrend on the relative performance chart with the S&P Initial...
Within the underperforming automotive industry, the Tires sub-industry offers a nice short setup as the price holds bellow the 20 MA on the weekly chart. The current bearish divergence and a break bellow the $78 support would confirm the new downtrend
Pretty attractive bet for quarterly announcement in 3 days if the price isn't pumped beyond US $235 by then. Catalyst: -The upcoming Tesla Model X by early 2015 -More details on the gigafactory battery partnership with Panasonic (Confirmed) >>> Big loss will continue due to the cost of the land and building, Panasonic will cover the cost of the...