This is one of the trading situations I hate most - when I get too late for optimal entry, and I find that the asset has been trending already for quite some time. In this case, the optimal entry would be around at 1020, on the left chart you can see the area has been circled with a black line. This asset is a reliable company that has been growing for years,...
Glenmark is sitting on right positions. There is 2 things consider to be Notice. 1- Falling Wedge in a week time frame. It's a bullish breakout pattern We just need to wait for the confirmation only. 2- Second is there is the idden bullish divergence which is also a bullish pattern..
Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this...
I previously explained the fundamentals on why EA is a strong BUY for a Swing-Trade. We could go back to the $130 level. Here we have a nice triple bottom pattern that could lead to a nice breakout - supported by the release of the new Battlefield game. If price doesn't break resistance, we could see a retest of the resistance - but it is unlikely.
Hello Traders, Exxon Mobile is in a large consolidation. My model suggests that a bullish move is active on the Daily Time Frame. However, TG 4 lines up with the ceiling of a Resistance Band that is suppressing price from moving any higher. This Resistance Band was identified on the more imposing Weekly Time Frame. Until then, enjoy profits into the $100 territory.
Fundamentals - EA dropped more than 13% in two days following the announcement of delays in the release of the new Battlefield game despite EPS and Revenue still really strong. I believe that market overreacted and that buying this dip is a good short-term outlook for a 5-10% gain. In addition, Bloomberg published a review indicating that this small delay is not...
Ref chart for Outlook on SPX. After the top estimated January, sell Your grandmother.
In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy...
Welcome back traders! Here's your weekly outlook for the SPY! Thursday and Friday last week were pretty anti climactic for the SPY, we just saw a whole lot of in and out near our blue box but here is what I'll be looking for this week. First of all, I'd expect for it to crawl up right up against that orange trend line I've got drawn up there, which it's done so...
Welcome back traders! Back here on the 1 hour chart we see that it's once again up there attempting to break through Pandora's box! The strongest pattern I see right now is this ascending triangle I've drawn out in orange. Why do I believe that's the strongest one right now? Cause it's just been trying and trying, it's broken into the box couple times, all it...
Welcome back traders! Here we are once again on the 1 hour chart for the SPY, I prefer to look at smaller time frames to get a better idea what's happening behind the scenes, because you can look at longer time frames but miss smaller details going on. So what we see here going on today on the SPY is... 1. it indeed fully rejected my blue box as I had said before,...
Welcome back traders! Here we are once again on the 1 hour SPY chart and looks like the spyders are fighting for their own! It just completely broke expectations and shot up and through the smaller triangle after multiple bounces at the bottom. However, it is once again struggling at my blue box that I had previously set up as an area of resistance last week. One...
Welcome back traders! Let's get to it, here on the 4 hour chart we can see that the SPY has indeed cracked right through the bottom of the smaller triangle and with that green candle what I see is a rebound (the 1 hour chart paints a better picture of this). SO, to keep things short and simple, what we could see tomorrow is an open initially trying to break the...
Welcome once again traders! Giving you a weekly outlook on what we could see on the SPY and it's children this upcoming week. So here we are on the 2 hour chart, we've got a very clear rejection of our blue box there that I stated in my last analysis saying that this zone would be significant in deciding some future movement. Now, we have a couple of things to...