We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. Although there is not much history on this instrument, it is also at a support level which solidifies the signal.
#WellsFargo | NYSE: $WFC is experiencing a HUGE #ABCCorrection!
We might see a nice up move at the trend line. Don't care about the fundamentals, there is to much software-trading going on in these days. The technical ages are back, so make sure to focus. Only my opinion, so make your own research and like always May the markets be with us
AT this aspect of the analysis will be straight forward because at this point, after studying the long-term trend (5-yr), we discerned that the price was trending up. After looking at the 1-yr chart my conviction hasn't been swayed although the price's trend is heading into a resistance cloud and 31.8% resistance level I feel there's enough momentum to break...
Weak RSI and incomplete last motive wave, irrespective good fundamentals make it for a good buy for a true holder. Expect this to trade flat for a few weeks while people take profits. Wait for it to reach the buy zone depicted in red. Entry Price: below 1780(check technicals again when we are here, i will update the idea soon) Stop: 1651 Take profits:...
Axis Bank Has Broken Januray Trendline after so many resistance.Its sign of change in Trend. Good for Long with the Stoploss of 485. Time Frame 2 to 3 months.
Waiting for 125-120 , then see the boom on long side . stockdada.com
After rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector AMEX:XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
Formation of the XABCD pattern and candlestick consolidation leads me to believe that this is an ideal time to enter the market. With additional institutional applications of Ripple emerging every day, I think volume will start to increase and drive up the price.
I think the chart graphically depicts the P&D's coinciding with the various conferences Ripple attends. I expect another pump coming between the XLM/STR giveaway tomorrow and Bank Tech Asian 17.
The Ripple(XRP) obelisk was risen on Apr 2. As banks attempt to reposition themselves competitively in the new crypto space. But a structure that size needs foundation or it will topple , and topple it did. Now to get it back up again in the direction it's going - well there's 2 options, and the foundations or fundamentals are in place for either to occur. 1. The...
$XLF At an Important area for the Banking sector, US and Global Economy. Both on a fundamental and technical basis. I don't want this post to be viewed as fear mongering or doom and gloom. On a fundamental point of view, loans dropping off can easily be explained by people waiting to see what happens next and thus postponed borrowing to a later date. On a...
A short set up is nicely appearing here at this long term multidiagonal. Expect a big move downward here. Also, this corroborates with my short views on the FTSE, as HSBC amounts for (currently) 7.3% of thw weighting of the FTSE 100.
Short till 18250 Tgt 17750 stop loss 18320 (All Spot levels).
RSI is starting to go through the roof, and Williams VixFix is significantly weakening. Almost everytime this has happened since early last year, it pullsback.
Looks like it... Drop below moving averages would be very bearish