SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30. This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals. Therefore, taking into account the...
As we can see eurjpy is clearly in a downtrend displaying continual lower highs and lower lows. Price came down to test and bounce off the 126.1 support level and is currently retracing to our critical "acceleration zone". our confluences for this acceleration zone: 61.8 fib level, major resistance,descending trendline and 200EMA so we are anticipating a pullback...
Nifty Futures: NIFTY while it managed to hold on to to the 7580 levels and staged some sort of a pull back, weak global cues will mean we may now crack that level and open below it. It will be importanat to see if NIFTY futures manages to stay and trade below 7550 in that can the levels of 7580-50 now can be used as a stop for a fresh trade on the downside with...
ITV oversold. Rejection from 50MA with slightly below average volume. If trade is not activated by the end of trading day cancel pending order. Target of 279 - previous high from end of December.
Hoping for a price point 110 dollars to go #long on #apple#shares
All major firms listed in index SP 500 with market capitalization GREATER than 200 billions USD are showed in the chart. Red area represents the tops of all of them. We see, that most of them created top at the same time and now jumped into bear market. These basket of shares do the biggest movement with the entire index. If it moves down, index moves down.
From a purely technical standpoint Express Inc is priming for a long position. We had strong rejection on the Fridays candle which coincides with a strong weekly support and has confluence with the .382 fib. Target is the previous high of 20.70. Relatively tight stop giving us 2.5:1 Reward:Risk ratio. The only fundamental analysis I have viewed are the earnings...
Looking at the chart I can see a cup and handle pattern formed on the daily. Price has now formed an inside bar within a very bullish candle. IMO this is a strong buy signal and I believe we will break the current range and hit 6.25 before meeting the 200MA which may show some resistance. Second target 6.75 to fill the gap.
we see a clear uptrend i think the trend will continue (red line) best entry 4545 SL 4444 TP1 4650 TP2 4800
It seems that as more the euro (EURUSD) get weaker the german stock market gets stronger. Well that's create a great opportunity to long DAX and short the Euro. From fundamental point view german jobless rate remained steady at 4.7 percent for the fifth straight month www.tradingeconomics.com Germany runs also a record €24.0 billion trade surplus in June 2015...
JSW Steel has been sharply recovered from nearly 52 week low. Some short covering is taking place and some traders have created as it seems some good momentum in this week's trading session. Overall Metals trend is bearish and short covering is expected till 1020. As overall trend is bearish this long position is only suggested till next week.
waiting for pullback to 6612 open long position see chart for SL
DG is heading towards the buy zone at 76-77. The company has strong fundamentals with analyst consensus target of $83. Price is oversold on the RSI(2). Note that we had a surge of short selling in the last 5 minutes of trading so if your looking to enter now make sure your stop is below the support level at 66.
GoPro has recently teamed up with Google to bring 3D to Youtube. GoPro is an innovative company with no liabilities. GoPro showed a 41% increase in revenue to just over $1.3bn. Net Income more than doubled, giving GoPro in my opinion top tier status in managing their financial affairs. On a technical note, we should have been long GoPro in March but with these...
Mylan is in the buy zone of previous congestion/resistance. The stock is oversold in my opinion and we should see a bounce back towards 76.5 from here. We had move down yesterday on low volume which indicates weakness in the move and buyers should step back in soon. Look for long entries on open, stops at 66.
Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session. I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA. We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).
Retracement exhausted. Will be L Citi shares. Trend line number 3 will act as a trailing stop loss
-as a result of shorts buying back because of good earnings ACCO looks like it will extend to its last breakout