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
1) Strong underlying uptrend. 2) Recent triangle breakout and came back to support 3) Inverse head and shoulders pattern 4) Oversold stochastics All 3 point to upwards movement
Litecoin is pretty much oversold right now, there's a little 6.32% upside from $9.1 USD (0.5 USD gain) as we have just bounced off the long term trend line. 4 hour RSI indicates that it is currently oversold. If LTC fails to break above $10 by 5th July, we should be expecting further downside through the falling channel...
Tuesday brought news concerning VRX's plan to takeover AGN which saw a noteworthy spike in volume and price today. Prices faded into Monday's trading range creating an Inverted Hammer near major support. With the price action movement, we saw the mac-d histogram make its first higher low over this last leg down along with a bullish cross coming from the...
Having carefully watched the INDEX on the market, it is also very wise to compare with the volatility index in order to secure the future of the trend. As one would see on the chart, VIX is at an oversold level, showing an overconfidence of the market. This level is not sustainable at all, and no short or medium term news can confirm this overconfidence....
PPC is oversold to the craphouse.... Here comes that reversal
No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
Friday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking...
In this chart, I've included some oscillating indicators to help us decide if the EUR/USD is oversold and make a prediction about when we can jump into the market and take a long position. I must admit that predicting the bottom carries enourmous amount of risk, but the rewards are worth the effort. Considering Draghi hasn't actually lowered the interest rate, and...
CCI is almost -200. i like to see it fall below -200 and then aboce -100 for confirmation that the price should be rising. We also see RSI very low (under 28). I know the ECB news yesterday is the major driver in the current fall in EURUSD, but this sudden drop has caused oversold conditions and warrants a pullback (might have to wait until monday/tuesday though!!!)