watch out for this one, could break down to low 22s if neck gets broken
Completion at 91.34 with PT1: 38.2% of CD leg, PT2: 61.8% of CD leg.
After we got a H&S pattern in 2015 whose break caused the huge sell-off in early 2016, we now have the same formation again. Watch out below if this breaks by moving below the neckline. This time we have even more solid fundamentals for BAC though, so I hope this to break and sell-off to buy with both hands later. Originally this is a short-trade set up though....
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new...
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Since we keep moving higher I identified a flag pattern on the daily and 4H chart. Now we are breaking out of it and the next move should be equal to the flag pole which ends at 23.45. Personally I don't trade that kind of pattern but maybe someone of you guys out there is looking for some short to medium term targets to take profits. I am still looking for 27.50...
buy CHXEUR:CSGNZ @ 10.70 (this idea is for the shares listed on the Swiss Stock Exchange)
Looks like it... Drop below moving averages would be very bearish