HKEX:1571 is going to break through a strong resistance level at 3.07, which will also formed a double bottom. As it can stand on the high volume close price with a hammer candle pattern. MACD will also help for this break through as both fast and slow line are above 0. The first target will be the target of the double bottom and also the top of the last downward...
Due to oversees market the ASX should be opening higher this morning form yesterday pull back. This is why i'm looking at consumer cyclical stocks, RWC gap down yesterday to its support level and formed a bear hammer I wish it was a Bull hammer but this is fine as well. It sitting outside its 2 deviation, looking to counter trade this stock to $4.40. It also at...
Due to oversee market the ASX200 should be pointing higher this morning. This is why i'm looking to buy EHL, it has formed a bearish hammer on support and with the Elliot wave theory its on C wave. With EMA on the daily chart, the 13 and 50 EMA its on downward trend same with the MACD. Same goes with the weekly chart, therefore we go see a bounce off on this level.
Target showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading...
There seems to be a hammer on the daily chart on resistance showing rejection from the upside, and could be a potential good opportunity to sell the CADJPY.
Spring semester is upon us... Could this be a strong bounce, or a slow and confusing moment? Hammer head forming today with a strong resistance level at 7.56, would ideally like a good reversal up to 8.40, I guess I'll sit and wait to see what happens now. uc.
FirstSource Solutions Ltd. is Buy with a target of Rs. 66 and Stop Loss placed at Rs. 42.
On Technical Charts FSL has created double bottom at 46-47 levels with hammer and one white soldier pattern and follow up buying also confirmed its bullish reversal.
So one can buy FSL at current levels with stop loss suggested for a period of 3-4 months of positional...
Hey traders,
Here on the EUR/CAD we have the following reasons to go LONG:
Daily Chart:
- Bullish Trend
- Near Daily Support Level (higher low of the trend)
4h Chart:
-Bullish Engulfing Candle/ Hammer Candle
GO GREEN!
Getting in after the strong down move and as the big hammer on H4 was formed.
1)The stop loss is under the hammer low.
2)Profit target is based on the technical structure.
After massive sell off through the trend line, today price forming a hammer candle on a daily, rejecting 80 level. Oil picked up slightly though markets remain in turmoil after bad Chinese data today. Could be a good long from here to retest broken levels.
The market is resting on the support. The recent candle was a "hammer-like", i.e. a short body and a long lower shadow. This may indicate a bullish price action. We'll see.
Now another 2 signals appear on the market, since the third peak of convergence appeared on MACD, and the indicators are resold. In this case, the stop loss is very close. + We are on the support line and see the hammer, analyzing the candles. First target 6366
