AKAM Akamai is significantly strong fundamentally hitting all of our metrics. This is a Falling Wedge pattern that is bullish technically.
This stock is a buy if it breaks out past the $XX level.
Hope it helps,
Des
Owner of Grok Trade; Active traders for 17yrs.
I know $YELP is trading at extremely ridiculous multiples, and even with a high estimated growth rate its hard to justify said multiples. Revenue growth is looking good year over year, though it is starting to decelerate from previous levels.
In regards to the technicals, there seems to be a falling wedge pattern and a possible double bottom (if indeed the stock...
All indicators and patterns seem to point to BTC having been in a classic Falling Wedge since Dec 2013. With positive divergence in MACD and PPO, as well as a CMF about to turn positive, is a breakout of the wedge close at hand?
Is BTCUSD in a falling wedge that started at the top of the previous bubble? If so, we could set new lows below 250, but the breakout could be epic and it could come around new-year or a little into 2015.
Raising above 9250, leaving the wegde upward, gives a clear LONG signal.
Alternatively (not favored) falling below 9150 makes the LONG-Scenario lapsed.
The boring Friday underlines the principle persisting interest in buying.
Otherwise a deeper sell-off would be seen already.
Raising up to (or over) 10150 should be possible in the next few weeks
if this signal...
On the GBPUSD a Falling Wedge was drawn. In this case it could signal a bullish move. Bears are putting a lot of pressure on the cable because the rate hikes were postponed. From the technical perspective, though, a break above 1.6600 could trigger a rally to retest the trend line. A false breakout above the current resistance would be a negative signal. This is a...
- 4 H chart : I found this FALLING WEDGE : maybe this could be LONG in a SHORT time period (still BEARISH on WEEKLY).
- NEUTRAL SUPPORT ZONE btw 1268><1277
- DAILY chart : a test on 200 SMA (could act as support) and give a new run up
Conclusion : I am waiting for the reaction at 1300 (on 1H chart)
(This is my first chart published : advice are welcome)
Nice long spike few candles ago. Price looks to be breaking out of the falling trendline as well. Overall, it forms a falling wedge. Buy on retest of support @ 1.35226
What an interesting situation for the loonie. The primary trend is still up, since the price was rejected from the trend line. An up side move is also sustained by the Falling Wedge, drawn during the past two months. A break above 1.0800/0837 would raise the probability for the US dollar to recover the loss.
On a lower time span a break below 1.07100 could mean...
After a serious fall, the price action is now signaling a rally for the European single currency. The Falling Wedge, accompanied by the positive divergence on the 14 RSI, will be confirmed by a breakout above the upper line. My targets will be 1.36 and 1.3630.
We have falling channel in play (could it be also falling wedge). RSI shows that price action is under pressure. My opinion here is we could experience upside break down. However as the opposite could also happen SL should be reasonable tight here.
Gold may face a litle technical correction up side. But the general trend remains on the downside.
Next June 5th ECB announcement with a "possible" negative interest rate decision of ECB may favor on a short term basis some private trader to invest on GOLD in order to protect their investment and money from desinflation, but, it would be illusive to think that on...
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again.
EURUSD has a very good support at 1.3600/10,...
