I don't usually trade equities, but a fellow trader told me to take a look at the Goldman Sachs chart... Price is currently consolidating near the 10 year high of $250.70, after a huge bullish run in the second half of 2016. For me, what I'd be looking for now is a break & retest of this $10 channel, with targets around $218.00 and $200.00 (good psychological...
Potential beginning of a Bear Major Trend Reversal. Earlier Bull Trend began in August, the bears tested fairly strong below the exponential moving average (20) for the first leg down and break of the bull trend. After the bear test, the bulls retest back up creating a new swing high (wedge top- 3 pushes up.). This might be considered a 40% probability trade, but...
Expected Holding Time 10-60 days
via profitwavealerts.com
Stop at 1.97 | Target 3.35 Expected Hold 3-20 days or until breakout via profitwavealerts.com
via profitwavealerts.com
via profitwavealerts.com
Support 0.62 | Target 0.97 Return Potential Over 35% Recommended to use only max 20% of your total portfolio per alert. via profitwavealerts.com
Not that I will trade this stock but it's good practice. For info on penny stock, check out my friend and mentor. goo.gl
Colgate Palmolive D1 demand already playing out, last couple demand zones worked pretty well. Longs at WK DZ around 875 or at new areas of demand if it keeps on rallying and breaking higher.
Longs at Daily and Weekly demand around 90-ish area. Bigger picture uptrend with demand levels being respected
Monthly demand in control, too low in the monthly supply and demand range. Weekly ranging between two opposing imbalances. Since monthly demand is in control and uptrending, longs at daily demand zones. That long happened already at 760. Daily Demand tested twice and playing out. Waiting for new areas of demand to go long on HCL Technologies, or lower around 759...
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