Here is my chart from 9 months ago when TFM was in the low $30's prior to the run up over $40. I only added that TFM is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead. You want to buy these quality stocks when others are selling and when they represent great value. It's time again to back up the...
AUDUSD has shown some weakness in that it failed to reach the Median Line (ML) of the blue pitchfork. That's why I expect it to fall to the most outer sliding parallel. This is where I'll be watching if market finds support and presents a new entry opportunity to go long. The AUD is still quite strong, although it's getting neutral and oversold, whereas the USD is...
Walmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM...
TREND TRADING WITH RGMOV AND CCI 1. BUYS = Watch for RgMov to make a 2-month high, then buy CCI readings of -100 followed by trading above, then closing above a previous day's high. Exit at 3 ATR rally or when CCI reaches +100 adding each 1 ATR advance. Stop = 3 ATR's OR if RgMov makes a 2-month low on a closing basis (2 months = 44 days) 2. SELLS = Watch...
Sophiris Bio had a Phase III drug trial test showing the drug was not effective and the market overreacted. The chart has a cash/share value (mrq) of $1.74, the float is 16.78 Million Shares (note today's volume alone is a large part of that), so with a tiny float, more cash per share on hand than the market price, and upcoming results for new Phase III results...
I drew a triangle based on OBV's 50 hour moving average (orange), and mirrored the triangle on price. Red and green areas are 80/20 % overbought / oversold zones. At this moment we are in the overbought zone so you can try a short here. I expect a big move of ca. 50% after price breaks out of the triangle. Targets: Upside: 333-375 Downside: 130-90 Cheers :...
We've hit daily support at the breakout zone in a very oversold market. If we see more bear action, it most likely won't be until later. I've outlined important daily support and resistance levels on the chart, and the next stop appears to be a retest of $252 where the market broke to the downside with huge red candles on very little volume compared to the...
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
Fresh demand level reached. main trend is downtrend BTW. Williams %R also showing oversold. I'm expecting price will go up to the inner trendline level (also inside a fresh supply level)
Trend lines hasnt been broken. Fresh SD level is retested. CCI shows oversold. Im expecting the price will go up strongly.
Chipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3...
Market is extremely oversold & fear at a 2 year high as indicated by the VIX. The opportune moment o have shorted this wave has past and we could face a potential technical bounce while the S&P 500 holds above 1851 level. Caution adding into existing shorts or establishing a new one here.
Tendence continues with this pattern for short entry Stick to your plan & follow your rules!
WFC bouncing off trend line yesterday and today again to form a shooting star. There is some hidden bearish momentum divergence seen on the histogram, and the stochastic is coming out of overbought levels without price having broken the previous swing point high. This does look like a bull flag forming, but I am looking for one more move down to retest support...
50 ma IS WAY ABOVE 200 ma AND PRICE HAS STALLED AT 200 ma LEAVING ME TO BELIEVE THAT THIS MOVE IS A POP-DOWN TO BE FOLLOWED BY A RETRACEMENT BACK UP. RSI IS SHOWING WAY OVERSOLD. FOR THIS ONE RISK REWARD LOOKS GOOD TO ME. I WILL PLACE A BUY STOP JUST ABOVE FRIDAY'S HIGH.
Good buying opportunity, earnings are coming up and if they beat estimates I would like to see this uptrend resume. I'm long here with about 20% of what I plan on going in with. Looking for some good buying opportunity and I plan on keeping a tight stop loss order when earnings come out