RDS.A, SHS pattern forming: Sell W1: - Tendency: Downward - Breakout support/ neckline - Below - SHS pattern forming => DOWN
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.
The Exxon stock suffered setbacks after the Q1 earnings report where it emerged that the revenue did not grow in line with rising oil prices. Furthermore, the debt burden was quite huge at over USD 30 billion. Compared to competitors such as Chevron, Royal Dutch Shell, BP, XOM was lagging in key metrics. This triggered a sell-off that brought the stock price to...
A pretty clear inverse head and shoulders pattern has formed, it's a little cleaner on the weekly time frame. I will be watching for a break above the neckline for a possible long position.
with recent fluctuations in the shell i expect a comperable swingback to the long turn support. as such a oppertunity arises to make money through going short or buying a in the money put at 24.6. i would like to hold this put/short till januari or februari. While aex might hit a al time high coming kalander year, i expect a pullback around christmas.
RDS bounced off the trendline support by closing above it. I am expecting a bounce or breakout from this resistance/support area we current are at.
Look guys, this is the same Fib retracement that has HELD since the Jan-Feb selloff. Do not take my word for it. Look at my previous predictions, load the new data, and see how much money was made. MPC has had a history of bucking the market. When SPX was down 2%, this was down 7%. When SPX was up 3%, this was up over 8.5%. This is a lower liquidity, higher...