Oil has been sideways for quite a while and unable to make a new high. Since Opec agreement doesn't seem to have any real effect, it seems that it is now ready for a new bear trend. Note how this two volume indicators show there's been more downward interest even before last daily high. Targets along the pitchfork channel. Thanks for your comments.
Silver price action has been quite flat for a few days now but there is an interesting fact to observe: it seems clear to be some accumulation in this area creating a solid support. You can see three different volume indicators all pointing upwards. OBV has been going up way faster than price and money flow index is coming back to bull territory. This same...
If you look at the weekly chart for FB, you'll notice that the weekly Doji's on 12/22/14, 3/23/15 and 4/20/15 all made lows three weeks after the Doji week. On the Doji 2 weeks ago on 5/18/15, Fb was lower the next week, it should be lower the following 2 weeks also imho. The average drop for the 3 previous Doji weeks was $4.97 from the Doji close to he low three...
Fb has a head and shoulders pattern, best seen on a weekly chart. The all time high of $86.07 in March was not exceeded in April or May. This is the first time since May 2013 that Fb has had two sequentially lower monthly highs. Also Fb has failed to hold its 50 day moving average. A weekly Doji is also problematic for FB. The last two weekly Doji on 4/20 and 1/5...
Head and shoulders pattern on monthly chart. Look at Chaikin Money Flow dropping on monthly chart. Fb will make new yearly lows in June. A weekly Doji candlestick also. Last 2 weekly Doji candlestick at a top of a move on April 20 and January 5 caused drops of $7.48 and $5.71 from the high of the Doji week to the low the next week. I expect that Fb will see a low...
Head and Shoulders pattern for Facebook clearly visible on Monthly and weekly chart. Also notice that Chaikin Money flow on a monthly chart has dropped significantly since January 2015, it is now equal with April 2014 when FB was at $72. Also note that Fb has not had two consecutive lower monthly highs since May of 2013. This month will be the first since then....