LOW has been trending up since late 2012 but the ride has not always been smooth. From November 2013 to August 2014 price was stuck in a prolonged pullback/consolidation around $50. Then in late August price broke above the November 2013 pivot high, retested it (see the weekly chart) with a spike below the resistance-turned-support and continued it's upward...
MDVN is looking good for a buy on a long-term strategy. The pullbacks can get a little deep, so this needs to be taken into account. This stock has been a little sticky around $90 and $100 but now price has broken and retested the figure (with a nice flag formation on the daily chart) we could see a more linear bull trend develop.
I think its time to look long. Classic retest on low volume with many indicators showing signs for a reversal.
DRE is still trading well below its 2007 high - but this gives it plenty of room to go higher. In August 2014 the May 2013 high was tested and failed. This followed a good linear trend which started in February and really got going as it broke through the 200ma. Pullbacks were neat until the retest of $18.80 in August - which was followed by a much deeper...
ON chart we can see forming littl SHS formation, alsow we can see at we are on resistance from chanel wich form from about three days ago. If price brekout and only if we get pullback and price hold that level we can click Buy button, if we get another scenery i will be out from this market. But if it work we can see Gbp/usd on + today
macd divergence looks a bit awkward but seems to be topping out at the channel near 8045, which is the level to hold until it day closes above.
From larger timeframe I can take a strong bearish week below 3 months low. I am now looking at a neckline retest and there is a channel of sorts with macd divergence from the recent peaks. Price remains below the f6 from the downflow that I have identified. My bias is wrong if it should day CLOSE strongly below the green lines. Spikes are not considered SL for...
an inverted heand and shoulders has been completed and I am now monitoring for a neckline retest to go long. The neckline support will be based on d1 line chart and I will be monitoring the neckline f6 area for a good test.
CLF was in a long term strong bear channel that broke out to the upside on a climax in late July and is now in the process of pulling back to retest the trendline. The test will come at around 14.50. A couple of trendlines support that price and the bear channel will fall right into it. There is such strong selling that I think the best the bulls will get after...
Buy after some bullish candle formation developed into PRZ on lower timeframe (1h)
Simply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well: July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern....
USDCAD is Retesting the structure resistance level on daily chart. Potential trend continuation expected as price action retest the structure and then go lower. The idea is to go short for trend continuation trade with stops above the resistance levels. Targets can be Fib 38.2 and 61.8 of the rally. Aggressive traders can stay in trade with trailing stops as the...
There is a strong probability for a retest after MACD shows 2x Minor or 1x Major Bullish Divergence. Im looking forward for reaching the red horizontal resisance lines.
There is a high probability that weakness will continue on the AUDNZD. Also comparing to other pairs AUD is weak and NZD is strong which gives a perfect short combination.
broke out and now its doing a retest of the previous support level. Scaling into current buying pressure and have a SL about 30 pips from the neckline.