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...
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.
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...
This online retailer topped aorund $407 after huge move from low $40s and after series of dissapointing earnings reports entered into down channel.
Yesterday, it failed to hold above previous high of the day at $330.88 and closed near lows. By chance there is 200 EMA at $330 which Amazon broke down with conviction in the beginning of April first time since April...
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...
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...
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...
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%)
