Thank you for following us :) Strategy: Triangle Consolidation breakout with volume Bias: Bullish. Big spike was seen today and at the same time price breakout the downtrend line and the previous high resistances together. Target Price: 0.595/0.600 After the breakout, we shall see the price continue to surge to the target price 0.595 which we can compute from...
ADSK had a breakout last week to move above its previous all time high. ADSK is now in a compression mode, which tends to precede breakouts.
LULU has been trending upward and gaining momentum as it enters a new all time high price level.
After earnings news, JPM had a strong run up; now, it is stalling as Professional Traders take profits at the new high.
Platform development resumes for FISV after a 2-day High Frequency Trading gap and run out of previous platform. The current platform is at a new high for the stock.
Buybacks and Pro Trader activity drove AMD to a new high with a velocity run.
MU is in a Trading Range pattern at a new high, and is moving with some High Frequency Trader activity to the downside recently. This stock is heavily traded by Retail Traders.
KLAC is in a compression mode after a strong run upward to a new high. The stock is showing some minor Dark Pool Quiet Rotation™ at this price level, but for now the stock is holding the gains.
Once again, AMD has failed to break to a new higher high. Heavy Dark Pool Quiet Rotation™ is thwarting upside action at this time.
CERN has shifted sideways after a breakaway gap by High Frequency Traders followed by a momentum run upward. CERN has now shifted sideways, which can provide a strong support for another momentum run.
AXP has moved above the resistance of prior years' all-time highs, and it is now at a new high. American Express moved out of the range after its earnings report. Pro traders are in the mix.
INTC is in the 5G competition this year. It has moved out of a short-term sideways pattern to a new high, but not a new all-time high. The previous all-time high of 2000 was approximately $75.00. VWAP orders are likely to chase. The pattern may shift sideways again.
1: Uptrend since 2018-03-26 2: Currently at a good resistance point in daily(110.221) 3: Currently in a 61.8% fibb retracement 4: Creating a new high since 2018-05-01 5: Wait for a retracement on the level 109.877 wich is also the previous high, a good support zone and an extension fibb 1.618 6: Risk ratio of 3.22
Wait for the pair to break the high and retest it before going in the trade. The retest on the previous high will also be in corelation with a fibs level 88.6%. Target 1 is on the next high on the H4 time frame wich is also in corelation with a fibs extension 1.618.