Whirpool sitting on its 200 EMA , below all key moving averages.
It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support.
I put...
Curreny pair bounced off of major support level that is in tact since beginnig of April. Also, it was bottom of bull flag.
As it broke up intermidiate resistance level it caught some follow through.
I am bullish and will be watching for buying opportunities on 50% pullback close to 8/21 EMA or if it will go through 0.93118 it may attract more active swing...
CRM has been showing relative weakness after the breakout failure in February that started deeper correction. The stock has lost support of all moving averages and spend descent ampount of time below 200 moving average.
A break below $48 could resolve this bear flag pattern to downside. Stop could be placed above $54 where the 200 EMA comes in play. Target could...
On Daily chart pair entered into consolidation after move up on QE form BoJ.
On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target...
After stock bounced from resistance that is intact since May 2013 and broke down upper level support @ $76 with strong follow through to November lows.
Now, it is flagging near lows in front of support. With weak Biotechnology sector and market sitting on resistance it could be start of another down leg.
Enter short @ $63.80
Stop above 21 MA @ $66.83
Target...
I like Short idea in Goldman Sachs (GS) here:
1) while the Dow and S&P have been trading nea rhighs I have seen a lot of divergences in the market. Weakness not only in tech but the banks also been an area of major concern. New regulation seems to have affected aspects of their business, and the future isn't looking as bright for the industry.
2) Bear flag. The...
ACAD was holding major support $20.06-21.33 since October 2013 and now it acts like resistance.
Today ACAD triggered ENTRY short below consolidation support at $19.00ish area.
TARGET is April's low at $15.58
STOPs above 21 moving average
This major cap biotech company borke its major support at $150.
Now it acts like resistance.
ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET)
IBB (biotech ETF) looks very weak.
Energy and oil stocks act better than broad market. Money rotates in this sector. $WFT $BHI $HAL $XOM and others are on their highs.
Nice flagging near highs in this ETF and it looks poised to make a move higher with well defined stop below $93.
