We have just broken below the neckline of a head & shoulders pattern on the weekly chart. RSI is already oversold but I do not see much support before the 50% and 61.8% fib retracement of the 2015 lows to the recent weekly highs where I would look for an buy entry. Also in that area there is an open gap to fill at $25.49. However, traditional head & shoulder...
keeping an eye on this one, an undervalued parts manufacturing company specializing in anti-noise and anti-vibrations with solid financials and established in the early 90's.... possible cup and handle?
After we had a double bottom we broke and closed above the double bottom's "resistance" at 28.50 which set-up a 2618 long opportunity at 28.04 as a an aggressive/conventional entry. Great risk/reward for those who want to enter that trade at market now since price went past that point. In addition, as a second buying opportunity at the same time a bullish bat...
About to go long DCI Donaldson Company due to the breakout with volume of the small base, which is also a new 52-week high. Also part of a strong sector. Target is open-ended.
Halliburton ($46.51) looks like maybe it is reversing trend for the summer; the russia-saudi deal helped I believe (which may have led to the spike in volume); the stock is bumping up on support and broke through resistance at 46.38... I think it is safe to look for a move above $50-$53 if the stock breaks its next resistance at 47.79; I think I am taking the bet
Flat double zig-zag looking to launch this back into 50+ share territory. Look to go long at break of 50 using the Elliot structure as your guide you.
After the recent run up from 28s we formed a flag pattern. It can be expected that after breaking out of a flag pattern we should see another leg up with the same length as the previous flag pole. Such an equal measured move puts us at a price target to sell at 32.89 which is near the year high at 33 that also acts as resistance.
DOW just broke below a black line that extends back to 1932.
We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...
I've been doing this analysis by hand since April 28, 2015 in a spreadsheet at Google. 4/28/2015 1:30 PM 46.70% 53.30% 18111 17960 4/29/2015 9:44 AM 40.00% 60.00% 18083 17975 PFE, MRK reported 4/29/2015 2:26 PM 46.70% 53.30% 18055 17975 4/30/2015 9:55 AM 46.70% 53.30% 17968 17970 4/30/2015 10:47 AM 43.30% 56.70% 17930 17977 4/30/2015 3:54...