Gold found supply level at $1331 - reversal point from 14th of April. from another side it is building nice upper level base with support at $1325. On daily, it feels a bit extended, so some kind of pullback makes sence. $1326-28 is another resistance zone inside of that wide range. Looks like bears trying to take control and keep preassure on price. Next...
This cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation...
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....
NPSP bounced off from $22 support that is in tact since November 2013. After consolidation it broke up $28 consolidation resistance with two ignited, green candles. Now it is wedging near highs and preparing to new move higher. It is not ready yet, but will be on my long list with trigger above $34.70 and stop below $31.50 makes this trade acceptable from...
Hello all, Since Google hangouts is still down for me (super big ugh) I am posting this 1hr chart as an update for my followers. I am not in a trade at the moment and have little interest in taking a new position based on current trade location and size of my account. Having said that, there are those out there that do want/need to trade and so with that in mind,...
USD/JPY have entered into consolidation since February this year. Previous week currency pair bounced off resistnace close to 102.800 and dropped below key moving averages and broke down bull channel that is in tact since RedDogReversal that we had on 21 of May. The longer it holds below moving averages (102.067-102.132) the higher is probability that it will go...
With SWKS running from 40 to 47 in less than a month, it is finally taking a breather. Price is currently consolidating just under the 47 mark. If SWKS can close above $47, it will trigger a buy signal for the next run up to $50.
In the morning I was talking about IBM short idea. Price confirmed idea. This is trade management review because entries and exits matters. Comments on the chart. Check my idea 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...
1. Wedging above important, intermidiate level of resistance at $88. Broke through lead to momentum, steep move to $89. Action supported by strong markets. 2. Bull flag near highs above 8/21 EMA. Slower than previous leg. 3. Upper-levle base near highs. Break above gave us final leg.
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...
I will put my alert on this stock above $89.30. I like this set-up with tight upper-level base. Overall market is strong with S&P on new highs. Entry trigger: close above $89.29 Then Stop: below $87.50
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...
The Biotech ETF has been hovering around 8 and 21 day EMA to build a tight range. Mixed action but still above 200 EMA at $222.30 which acts like support. Powerfull breakout above $233.80 could attract more buyers. But I will be watching both sides.
looks like we maybe entering a phase of consolidation. Trying to take advantage of a ranging environment... Feels like a safe trade since if we do get a continuation of the trend we are positioned appropriately.
With markets down around 1% this biotech company showing us relative strength. It is trading on highs above all key moving averages in very tight consolidation above previous swing high @ $85.50. Entry here and expect break up of $88.50. If market will show us some strength, this stock could be a good candidate for long.
Despite a strong jobs number on Friday the USD wasn't able to move higher huge. The Trade Idea: Usd/Cad Put Entry price: $1.09800 then $1.09550 then $1.09400 Target price: $1.09200 Stop level (don't want to see price higher than): $1.09900 Why I like Usd/Cad Put here: 1) Weakness after break down of $1.10160 with further powerfull move means that sellers...