Failed to break support area, may test again but risk reward is very good 4:1
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Ladies and gentlemen, I recommend you the idea of the pair trade: 1. it is long position in the company OCIR (OCI Resources LP) and short position in the company RIO (Rio Tinto plc). 2. it is long position in the company OCIR (OCI Resources LP) and short position in the company ARLP (Alliance Resource Partners LP). Stocks of the company OCIR are stronger than...
Friends, Re: $INVN: ---------- InvenSense Inc. is the provider of the MotionTracking™ sensor system on chip for consumer electronic devices such as smartphones, tablets, wearables, gaming devices, optical image stabilization, and remote controls for Smart TVs. (Source: www.google.com ) ---------- Just released on social media: ---------- From...
Broken Arrow - Ending Diagonal New York Composite looks similar to the SP500. Price action seems to had made the last wave up the 21th of may 2015 and thus done with the 5th of the 5 waves up since 2009 low. Yesterday's price action stopped at the lower trend line for the ending diagonal. We still need have confirmation - either by price action breaking the...
Two scenarios: Fifth wave has already developed, it failed to reach its target of 12.41 and is now going to retrace the whole movement (first target 5 usd area).. or the fifth way hasnt developed yet and we are just seeing wave 4 in progress, and wave 5 will hit its target at 12,50 & 13,79 for a last bang. For now, wave 4 holds 38% perfect retracement, so now its...
A couple of things to watch out for at the moment: OVERSTOCK CEO PATRICK BYRNE PROMISES “INTERESTING ANNOUNCEMENTS” AT LAS VEGAS BITCOIN CONFERENCE insidebitcoins.com NEW YORK (InsideBitcoins) — Promising some “interesting announcements” regarding Bitcoin on Twitter (see below), Patrick Byrne, CEO of Overstock.com, will deliver the final keynote for the Inside...
Based on understanding that current pull back is not just a correction but start of a bear move. This will be confirmed by a broader sell-off in the parent and similar indexes. Bear move initialised by rebound off the 50% fib and targets the 124% fib before the $11 round number further out. summary: 1st target $13.51 - 2nd target $11 My first idea here on...
Current price presents a relatively low risk entry point to Facebook and a potentially high returns over the coming days. Will we finally break out of the green trend line that Facebook been trading on for the past 3 months? Stop loss: 63.83 Open: 66.97 Target: 82.32+
Murphy Oil is in a consolidation pattern at the high of a very bullish run Bullish Scenario: MUR clears 67.07 heading for target area at 73 and extends the move Bearish Scenario: a failure of 65.70 would indicate the possibility of further selling as it pulls back towards support in the 60 area
If you look at previous run up you can observe that it begins around 2003 with a no clear trend, but in the following years it tooks the shape of a rising wedge. The trendlines of this pattern expande, with both trendlines slanted in an upward direction. As the strength of the buyers weakens (exhibited by their inability to take the price higher), the sellers...
A Gartley and a Cypher pattern is pointing to the same exact destination for a sell reversal. We have previous structure at $31.31 & $29.38 coupled with confluence with two 1.27 extension ratios. $29.95. and $28.96 at the .786 retracment will be our kill zone. ****************************************************************************** For inquires of...
There are 2 really good trades that can play out here. A bearish Cypher (Blue) and a bullish crab (yellow). Currently, price action is in close range of the cypher. If price action can make it's way between $352. 40 at 1.27 extension and $362.18 at .786 retracement kill zone, there is a high probability chance for a reversal. If the cypher plays out and price...
There's a potential gartley showing up. If C leg can make it up to $92.68-$92.74 we may see reversal in price upon the completion for an intra-day trade. For longer term, price action may trade down to 91.08 to complete a Bat pattern. There's strong structure around $91.42-$91.13. The Bat pattern would make for a perfect retracement back to the trend line, if you...
Could Facebook stock drop to $50??? It might be too early to tell, but if price action doesn't make a new swing high above C leg, then this pattern may have high probably of completing. Bearish divergence on the RSI extending from July 13'. A GrandSuper Cycle wave 3 confirming the down trend which peaked at price $72.73. $FB is now showing signs of a bullish...
Friends, As just indicated in the analysis of Twitter (see it here, "All Targets Hit ... ": ), my predictive analysis and forecasting system defined a probable bullish target as: TG-1 = 10624.04 - 17 APR 2014. However, I also cautioned that a significant E.A.G.L.E range (10624.04/10584.23) is likely to impose its own resistance, up to a level that falls in...