Today DAX jump up from 9600 zone and trendline. Sofar there is no break from the long upwards trendline. If support hold at 9653 DAX can go upward again to previous resist zone 9800 After yesterday pullback from breaking trendline . DAX is at important keypoint. Break drown or make new top again ?
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....
Copper / USD Weekly chart Copper is breaking up the second Tentative Down Trendline. New Tentative Up Trendline in place. See the links below
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock. It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention. Higher lows...
FTSE reached major level of resistance after Reversal Candle, then it regained moving averages and borke bear channel. That attracted many active buyers and we had nice follow through into major resistance 6875-94 that is in tact since May 2013. On Friday, it closed with doji, holding near top. At this point I think we need some kinf of rest or sideways action...
With Nasdaq sitting on its 14-years record highs, Cisco looks ready for a move higher through $25.17 high. After stock broke up neckline (see my idea in the link below) with powerful gap up on good earnings results, it took couple of days to absorb this wide move above $24.00 and was crawling higher. Now, it is hovering around 8/21 EMA, building nice upper level...
It started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to...
Stock came from $16 to almost $58 in year and a half but was sold off on bad earnings results almost 2/3 of it is initial move up. In such a strong tape I think it looks ready for move higher, as it found support at $33 and have built higher highs with consolidation support at $35-$36. It broke downtrend line to the upside with strong, green candle and building...
Pair formed its bottom around 1.35200 and broke up resistance at 1.35800. Above that traders accepted new prices and after break up of tight consolidation it accelerated to upside and topped at 1.36400. After such a big nove in short time it took some time to absorb this price action and it have built series of higher highs and lower lows - indecision pattern...
It caught buying momentum after it broke up wedge at $68. Now it should hold above previous resistance at $86.45 which now should act like support . Then we have $83.22 where my 8 EMA is situated and could be potential buy area. Check my idea in the link below
Gold seems to be a haven asset for investors in terms of tensed siituations all around the world. Iraq is a key oil market player and there also is a difficult situation. Rebel activity in the North of the country has forced the U.S. to send to Iraq 300 military advisers. From the point of view of technical analysis there was a lot of tips and trading signals....
Since the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at...
CTXS is slow but recently it caught up momentum and broke up intermidiate level at $62. Now, it should clear resistance zone $63.00-$63.50 to attract attention of active, swing buyers. Check my previous idea with entries, targets and stop levlels in the link below.
After 2-months range was resolved to downside, Gold was sold off aggressively from $1,300 to $1,240 where it found support. With wide, ignited, green candle 3-days consolidations resistance at $1,248 was broken and now gold is showing some commitment and building nice upper-level base in front of local resistance at $1,257.5. Break above could attract more dip...
nice break up of wedge above previous high of the day. Check my idea on SBUX in the link below
Break above previous high of the day means that buyers are nterested in higher prices. Tight consolidation gives good risk/reward opportunity with high probability as markets hitting new historical highs. 8 rising EMA controls price. 8/21/50/100/200 rising EMA with higher lows and higher highs - that is definition of UP TREND. Check out my idea in link below
NOW found support for the last two days around $49.40 after it was sold off after a nice move up from $50 to $55. It was building nice upper level base in front of 2-3 days resistance at $50.60. broke up of that resistance lead to nice continuation move to $51.40 New pivot resistance is at $51.40. Check my previous idea in the link below
This ETF was in bear channle as we saw rotation out of Fixed Income into Equities. Yesterday it broke down trend line ahead of tomorrow ECB meeting. The longer it will stay above $62 the higher probability it will continue higher. Target at 50/100/200 EMA. Higher rates could make banks more attractive.