Great buy opportunity for ULVR at current levels, weekly stick looks to be shaping a low test candle, fantastic fundamentals with many brokerages raising price targets. Look to take stock up to rent highs with small risk. 1:2.8 risk reward
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do! Key points: 1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria). 2. Zone of congestion. 3. Probabilities for the south based on ATR-based indicator and GMMA. 4. Time...
07's top had a 24% drop followed by a 19% dead cat bounce before plummeting 50% into recession. It's now 2019 and we just had a 24% drop followed by 19% bounce into resistance. Is this 2019's dead cat bounce before more bearish momentum? For me it's boom or bust at this level! If we break resistance I believe we will continue to new all time highs. If we reject...
Price action closed on December 24, 2018 below major support between 14,947.58 and 14,330.16. Moreover same close on December 24, 2018 saw price action close below its bullish trendline that has lasted over a decade. Both scenarios above do call for a huge caution and/or warning for the current uptrend in the TSX. The market condition for the TSX in this case is...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
As predicted in my previous analysis awhile back; we did bounce off of the 200 weekly moving average and we have seen a respectable rally to the upside. However, we are now coming up to test the lower time-frame moving averages (10 and 100 weekly moving averages,) and if price fails to break back above and hold them as support again, I suspect my original dead-cat...
OK ladies and gentlemen. The moment that we have all been waiting for.... Shorting the stock market. We can clearly see we are reproaching the old range low of the daily range before the confirmation of the bearish trend occurred last month. We should expect that to provide resistance for price and thus a short term short opportunity will be in play. However, I...
Heres an updated look at the 2008 chart overlayed on the current price action. Based on the chart I am expecting a slight rally and consolidation period in the beginning of the year, Q1 +Q2, before trading lower and continuing to the downside. Once we see a weekly candle closure below 2400 I believe we will trade much lower to 2100 and ultimately the 1500 region...
As shown in the chart!
The huge rally on Wednesday was eye-catching by any measure, with shorts taking profits after President Trump and his administration trying to placate market panic. Although the U.S. government has been shut down for a while, I guess it won't be a decisive factor in determining the market move. Robust retail sales probably will support the market rally. In the...
A cypher pattern formation on nifty's daily chart can be seen. If the pattern goes well, NIFTY can reach 11,450-500 and then may show some weakness upto 10900-10950 Currently this indicates to for a long in Nifty with a strong support of 10,800.
The NASDAQ is currently sitting on the 100 weekly moving average and on a previous support zone, but I suspect it will be broken and we will come down to test the 200 weekly moving average. The overall market sentiment has turned very bearish. I do want to point out, we saw a triple top formation form (shown by the light-blue line on the price action) and we saw...
GERMANY 30 possible go higher toward 10875 but please watch at 10824 area either we would see pullback or directly climb
Tesla motors stock analysis (TSLA) for today is presented on a Daily timeframe that shows over 2 years of price action for the automotive and energy company. June 27, 2017 to current date has seen Tesla’s stock price remain range bound between ~$387.70 and $246.55, with price currently trading near the top of the range and closing on Friday, December 14, 2018 at...
Morgan Stanley shows very little growth potential even at the market dip. While it still a conservative hold for potential long term positions, the amount of risk is outrageous right now. Even after hiring of a new Chief Investment Officer and upgraded management, it looks like a strong sell off is definitely a market recommendation for Morgan Stanley as it is...
By Andria Pichidi - November 19, 2018 USA30 has reversed off its resistance once again, at 26,000-26,777 (November's peak and latest daily fractal high, 23% Fibonacci retracement, trendline connecting lower peaks since October). It is currently consolidating around the 20-day SMA, at 25,250, after breaking below the 50- and 200-day SMA, where it could potentially...