Parabolic SAR just broke - and all signs point to a lengthy up trend coming. Technicals aside, all news, outlooks and PT's are screaming bullish. It's not to late just yet.
there's lots of stuff going on, some feedback on what i could possibly not include next time, would be great. The impulse wave as the cypher pattern . Green dotted line is previous support swell as the 1.618 retracement of the 3-4 leg. the cypher completion (.786 retracement) is at the same level as the vertex of the symmetrical triangle(golden lines). 200ma is...
Very curious to see the outcome for this company... they looked promising but looks are deceiving... Very cheap at these lower levels!
$IBB Biotech ETF and $AAPL are likely to lift off into Stratosphere from current levels -- Running Alpha Capital Markets Sentiment Index Confirms this.
Strangely enough, while the US equity markets have been in a little turmoil, traders are seeing a bottom form on Biotech shares. The interesting thing is that Biotech has been getting hammered so, why stop now? We are monitoring the 1.272 Fibonacci level on XBI for signs of a turnaround. We wrote about XBI, Intel, and Micron in today's market snapshot!
IBB needs to turn up here and now. Sustained break of 360 and the nearest support is 330
The Nasdaq Biotechnology rallied more than 4% on last week to a new all-time high. The NBI has seen two big plunges this year, including a 10% correction in April. Despite these zigzags, the trend is up. Earlier on Thursday, the Nasdaq crossed its previous intraday high set in March 2000. Now near the 4000 points, expect a correction in the next days for returning...
NVGN did a monster gap up today, and traders who positioned early walked away with a huge overnight win. The pattern to trade was a continuation pattern and the gambit was that this continuation pattern would continue. I would not chase the pattern now though.
After a healthy correction of 10% Nasdaq Biotech returns to the uptrend channel, before delivery of quarterly results
Should the Fed do nothing to defend (devalue) the US dollar in the global currency wars, or worse, raise rates by the September 2015 Fed meeting, the economy will likely crash. Even if the Fed does nothing, the prospect of rate hikes amid a slowing US economy as we enter the weakest 6 months of the year (May - Oct) could be enough for a large correction. If the...
extreme Biotech sentiment + weekly reversal candle indicating a possible top in biotech... there are some other fib relations not showed on this chart supporting such scenario
It ought to correct overbought Nasdaq Biotechnology Index: The Nasdaq Biotech index has grown about 50 percent since Yellen's valuation comments. Superarando por mucho el desempeño de los indices composite y S&P500, this boom is due primarily to the pharmaceutical companies who have monopolized the attention of investors the past few months, beyond the debate of...
I Bought GILD for seven reasons: (1) Head and Shoulders Pattern (60 min) (2) Horizontal Support from Left Shoulder ($102.72) (3) 61.8% Fib level Support @ $102.75 (4) Descending Trend line Support (5) Long-wicked Hammer found Support at Trend line (6) Weekly Uptrend (7) Selling Climax in February 2015 (8) The risk/reward potential is favorable. My reward is based...