Dunkin' Brands was hot company during 2013 as it came from low $30s to mid $50. In 2014 it started year on very strong nte but was sold off after dissapointing earnings. Looks like it found some support and have built base with support at $44 and yesterday it borke up consolidation resistance at $45 with ignited, bull candle. With this candle it broke down...
Starbucks has found support at $68 area after it topped at $82. It attracted attention after it broke up consolidation and regained short term moving averages near $71 and caught some follow through momentum with gap above 100 and 200 EMAs. It took couple of inside days to regain some power and on yeasterday it broke this consolidation and triggered another...
Curreny pair bounced off of major support level that is in tact since beginnig of April. Also, it was bottom of bull flag. As it broke up intermidiate resistance level it caught some follow through. I am bullish and will be watching for buying opportunities on 50% pullback close to 8/21 EMA or if it will go through 0.93118 it may attract more active swing...
I was analyzing Daily chart of NZDUSD two days ago (watch link in the bottom) and mentioned that something is different this time. I was talking about potential short term bounce off of support and then potential break down of support. this is how i navigate this chart on short term time frame. I use my moving averages and levels of support/resistance to...
General mid-to-long term bias is to the downside, but at this level its worth to play a bounce trade, particularly if there is some consolidation takes place. I m suspecting that the price will make push to 1.0130-50 handle or close to it before failing at that level. There is small demand zone & AB = CD pattern & channel low at current level, which I suppose good...
Sentiment in NZD/USD is mixed with sellers keeping preassure from one side and buyers interest from another. Recently it dropped its 50 EMA first time since February and series of lower highs gives me feeling that it could resolve to downside. But I will be watching for biunce off of support at 0.85000-230. If sellers want to keep control they should not give up...
The EURUSD is now walking on a thin rope. My technical analysis tells me that it is still a high probability to see a bounce from this area. It is true that fundamentals are signaling bearish. So careful careful careful!! I believe that only a break above the "holy" 1.3730 would trigger a bigger rally, while a drop bellow the 200 EMA would clearly be a bad signal...
For the moment I believe that this bounce will continue towards 1.3800, especially if 1.3730 will fall.
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ...
Silver is hovering around on major support that is intact since July 2013.It is definitely something to keep on your radar. ENTRY: The break above $19.75ish will attract more active buyers. TARGETS: Next resistance is @ $21 where 200 MA then $22 February high. Break below $18.217-$19 support zone could lead to down momentum as buyers who relied on that level...
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164
On daily chart it approached previous lows which could act like support. On 15m timeframe it showed some strength, broke up resistance in the morning which became like support. I am watching for buying opportunities close to support and will add through down trend line and intraday high.
ADBE entered in a nice uptrend since the beginning of October. Then after it built a nice upper level base that resolved to downside move then we had another point to make adjustments when it broke down trend line that was intact since previous year. After that stock enetered into range bound type of market and found some support at $60. It showed some commitment...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...
Silver looks like it'll bounce back towards the 200 day MA if it can hold these gains to the end of the day. Not looking for anything long-term or a fundamental investment, just a nice bounce. Price: 18.90-ish Stop: 18.10 (-4.1%) Target: 20.10 (6.5%)
Bounces have been happening within 3-4 weeks after touching the (roughly drawn) trend line. If a bounce occurs, re-examine before moving target/stop loss or selling. Price: 16.10-16.20 Stop Loss: 15.30-15.40 (-5%) Target 1: 17.40-17.50 (8.5%) Target 2: 18.00 (11.5%)
The recent trend shift on downtrend is strong, Expect a Trend retest, if the 2013 Primary uptrend holds.