Looking at movements these days it seems to me that this pump is going a little higher, more people are buying expecting a rise as we can see from the volume increase, if pennant can breakout in the next few days look to open longs from 240ish and take profit at 270-280, always wait for price movements to take place before opening big positions bcs if market...
My Oppinion: If we cross Red in OBV and go over 216,63 we're going to be short term bullish. If we are crossing the green line in OBV we're going to be bearish again.
That would be a week-wise trade. Fun fact: ITB4 (Or ITUB, Itaú Unibanco) is the most suggested stock by analysts in Brasil to buy and hold. Mainly because we are approaching a bottom, or you could say, a famous support. That's the last chance to short before it reverses -considering- it will reverse once it hits this bottom. R/R is medium, because we are in a...
Fundamental keypoints: (Translated from portuguese) * New management: The new finance minister shows that is able to change the actual situation, which makes the market enthusiastic and hopeful * While Dilma said the actual president is going to stay for the moment, there are rumors saying she'll (Which is Maria das Graça Foster) be replaced by Vale's actual...
I like the Rig Transocean chart for a short-term long play. Why do I like oil plays at the moment? Well last week we saw oil making new lows, but the oil stocks aren't making new lows. This is a sign of strength for the sector. Rig is making a bullish pattern on the daily chart and once we can see a spike in oil these stocks will see a 10% bounce. Don't forget to...
GBP/USD "Cable" appears to have reached another bullish inflection point, as it continues to show signs of a rebound following the post U.S economic events rally. Long GBP/USD-short-term
USDCAD SHORT A Very Simple Structure play here with strong resistance on this level since the end of October.
PAINTED PONY PETROLEUM (TSX:PPY) has crossed it's recent DownTrend. It basically cycles and may reach resistance at previous High indicated on the chart. Current chart indicators look POSITIVE.
I have been watching the Wolfe-Wave Pattern recently (thanks to 4xForecaster www.tradingview.com). It Looks like we have a nice setup on Palladium for a correction (or a reversal ?) by -7.5%. * Entry short in the "sweet spot zone" circled in red, named like this because it's under the top of the channel (green) and over the top of the wedge (blue). * Stop loss...
there is alt bat pattern and AB CD Pattern, Bearish bat pattern.. green is the entry..
The recent drop on the support held. That coupled with a reversal of the MACD histogram and accumulation returning, this stock looks like it's ready to hit 227 if not higher. If I was looking to play it safe, I might wait until a close above 227, but even so it might be worth holding for a few percent before it hits that point.
ALTHOUGH I HAVE BEEN EXACT IN MY PROJECTIONS WHEN IT COMES TO THE STOCK TESTING ITS 52 WEEK HIGH, I AM STILL BULLISH HOWEVER, I WOULD MOVE YOUR STOP LOSS TO A TIGHT ONE IF YOU BOOKED THE PROFITS WE HAVE SEEN IN THE LAST FEW DAYS I WOULD PLACE THIS AT APX. 17.62 WHICH IS WHERE I WOULD EXPECT TO SEE A REVERSAL IN PRICE IN THE EVENT MY INDICATOR FOLLOWS SUIT IF IT...
This is a low risk entry after 3 levels of slow drop into the 200 ma. Take profit on Gap fill.
As you see, we just hit a meridian of our shortterm uptrend channel which is at the same tame our 0.5 fib speed resistance fan. As we hadn't the waterfall for that uptrend I would comment: buy. But by beeing in our situation ppl are going to sell more and more as higher our fib level is. (that's are normaly the short-time trader taking their profit) So, for the...
Price previously came to a support area and jumped back up. Now, it came back again to this support area to create a good entry for those who missed the initial support area bounce up. Price should go up, and there is a high reward to risk ratio so it's ok if it doesn't go up
On a 1D chart a double bottom formed (some could even consider a triple bottom). Price then broke out above pivot point of 0.8951 Next significant resistance region could be between 0.9050 - 70 Hence, took a short term long position with stop at 8940 and target at 8950 (conservative). !!!! Constructive criticism and feedback are welcome!!!