$SPLK bounced off support today, they blew out earnings recently an the stock bounced, and it is holding up well. This would be a low risk, high probability entry imo. Stop below the support line @ $53.50
Major weekly structure confluencing perfectly with 38.2% Fib retracement of the last swing down back from 2012. The RSI is extreme overbought.
GBPUSD bouncing back and will test that middle support in the channel. If it bounces down we are possibly looking for a continued down trend. For now though it is looking to be a nice gain for the next few days via the channel bounce.
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom. I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend....
bounce off July 4th supply zone sold to August 8th swing low. price may reach 96.061 supply zone resistance this week, and bounce once again. 61.8% retracement from 96.061 swing high might sell to 94.013
This pair found support at 61.8% Fibonacci retracement of the last big swing high. This level was also a great bouncing zone in the past. Recently on the first bottom of the pattern, RSI was extremelly oversold. Action: wait for a double bottom to complete at that level and buy next candle if RSI bullish divergence is in place.
AUD/USD is heading lower to major support around 0.92000 on bad unemployment data from Australia. Today, we have reversal candle near major support - actionable signal for longs with stop below low of the day at 0.92382. If todays candle will close green, then on monday we can see continuation move through high (I will add to my core).
Ferro Corp is sitting on its major support showing us relative strength, while SPY broke down its intermidiate trend with big, ignited candle. I will be watching for stocks that show us resilience during this corrective phase, as we remain in macro trend. If indexes will find its footing, then we can see an upward move in this stock with resonable risk/reward and...
Sprint is expected to report a smaller loss than in the first quarter as a massive network overhaul comes close to an end. Investors will look for any update on the company's planned $32 billion bid for T-Mobile, expected to be announced in the next few months. The bid has met with skepticism from regulators, who worry it could reduce competition in the...
Clear Double Bottom; Less than clear triple bottom on daily chart. News released on 15:22 today caused a nice move into close. There was a low volume selloff to close at .0140 red on the day. I will be watching for a strong open and break of .0150 area on volume to break above down trend line. Or a possible weak open to wash out and test .0125 support area...
On the hunt for the next hot sector? Will the Pot sector return to glory? Well the lithium sector could become the front runner with the right catalyst. Tesla is on the move to build new factories and add in a rise on oil and the lithium stocks could get dragged into the spotlight. Aside from that speculation; $AMEL is a former runner that is starting to...
Price is trading within a specific range recently, and is in a good set up to turn up towards 20. This is an old resistance and i would see a lot of profit taking at that point, and if breached, a runup Currently the price is making higher highs and higher lows, so the bullish trend is in tact....but as TimWest noted once, if something gets too obvious, it gets...
GRPN disappointed investors after its last earnings report and fell drastically. However, it found support at $5.20 and continued to gain momentum for the next month. Recently, we see that GRPN has tested $6 and again found support so I'm now expecting a break against its previous resistance of $6.50.
Tuperware goes ex-div 6/16/2014. Looks good for a bounce off the lower established trend line combined with the resistance level.
Combination of bottom trend line touch, resistance level touch, and oversold long and short stochastics. I am initiating a long position around 32.20 level.
Hi guys, for me YGE is strong long a there level. Over 20% likely in the next days.
IBM is trading relatively weak to the market which is currently on highs and stock is depressed and below 200 EMA. After strong break up of $190 resistance it caught some follow through right to $199, but then dissapointing earnings was released and it dropped on powerful gap down. Series of lower highs and lower lows means that it is in down trend and sellers...