After making a $10 run from its' April low, FB formed a flagging consolidation pattern. Today FB has broken above that consolidation pattern with conviction to start its' next run up. Look for FB to test resistance at the 67-68 area. If that doesn't hold then FB can easily test its' ATH
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.
I wanted to point out that trend trading is trading support and resistance. What do i mean by that? the first thing i want to point out is you need to spot out support and resistance before you place a trade on the long or short side. Did price close above a key level? did momentum break out with it? if the answer is yes then there is a strong indication to the...
eBay broke down major support at $50 and closed on dead lows at $49.60 on Friday showing relative weakness as markets trading on highs. Today, it opened with gap and caught some early follow through. Gap open could be new point of reference at $49.30, then we have $49.50 previous low of the day and then $50 psychological level which should act like resistance if...
SWKS is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00,...
Whirpool hsowed relative weaknes and broke down consolidation support at $143. At the same time S&P put another high. There were couple of entries. First one in the morning, momentum trade when it broke $143 support. Second opportunity was to short or add on pullback into 8/21 EMA zone. 8 EMA followed nicely and stock closed on dead low. Check my thoughts on...
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...
If you've been following my weekly charts, you'll see that my predictions of the recent uptrend from the $440 area were justified. Now we see that the confirmations I've been pointing to are also coming to pass! This is a major uptrend. We might see some profit taking over the odd day, but sticking to a long term view - you may be wise to hold and not take a risk...
PANW gapped up on earnings but erased part of gains. On the 2nd day it bounced from gap pivot point. So, $72.86-$73.00 could be new point of reference. The longer it will hold above the more attractive it will stay for active traders for another leg up. Before earnings it broke up descending channel and caught momentum up. In late November 2013 it also gapped up...
I used the arrows to highlight the areas in which we have seen the crossover between the MA-50 and EMA-15, coupled with high volume, rising RVI, and overbought RSI. I don't believe anyone should actively attempt to short here if holding bitcoin is your objective, however I do believe we will see a final buying opportunity very soon here before the ultimate run...
First this pattern appears quite difficult to read. But once you put the targets into perspective, one witnesses that the primary wave 3 (iii) is an exact 1.618 Fibonacci extension of wave 1 (i). By this token if the count ratio of 1:1.618:1 is to hold, then the next primary wave high is going to be ~ 1.64 level, which is a hefty ~1100 pips gain. I would...
I've never used the 3-drivers charting tool before so I'm not sure about this last plot in August of 2014. Edit: Corrected once I learned the purpose of the tool - not a perfect fit, but it is at least contained within the price action:
Friday saw a huge institutional volume spike on a shortened trading day. This came at great support for YOKU and we have very clear bullish momentum divergences on the stochastic and mac-d histogram indicators. Of course, the bullish pin bar that developed due to this strong support bounce is confirmation that this stock is poised to go higher from here. I would...
Fellow traders, in my last chart, I accurately predicted the recent rises several days before they came about with the use of the Weekly Stochastic. When I looked at our current position to see our progress, I compared the current weekly level with that of the past two trends. From this level of stochastic in the previous trend, we had a 2126% increase and then...
The fundamental indicator list of TV actually lacks Percentage Price Oscillator, although it is described in the support pages at www.tradingview.com(PPO). In the chart you may find the Pinecode for PPO, which is calculated by using ALMA instead of EMA. It acts as a better alternative to MACD, and the MACD related trading strategies may be used with PPO as well....
Timing is a crucial issue when you want to enter or exit the market. It is as well important when you want to trace target. The long term perspective of DAX is not being questioned at all. There is still the potential of an upside until 10XXX. However, at the present time, and at least until ECB Annoucement on 4th June, there isn't any material that would steam ...
Nice consolidation above previous resistence (strong Close above), ATR very low probably will expand right from the OPEN, higher timeframe is clear, WWDC is coming soon (speculators may be building smaller positions). Buy only if market very strong or consolidating on low ATR above yClose.
On a weekly chart, it appears that there was a double top formation. Of course, it is the first sign, we need to see the price going down to the neck line, that would give the second clear sign and the rest will come by itself. As far as technical indicators are concerned, on a STOCH or Willam R% basis, we may appear to be overbought, but, if you bare in mind the...