techstocks

Trade Idea Broken out of the channel formation to the downside. Bespoke resistance is located at 7872. We have a 50% Fibonacci pullback level of 7878 from 7776 to 7980. We look for a re-test of the upward trending resistance. Expect trading to remain mixed and volatile. We look to Sell at 7870 Stop: 7910 Target 1: 7760 Target 2: 7636

Trade Idea Broken out of the channel formation to the downside. A mild correction has been posted from yesterday’s low, this is seen as a retest of the breakout level. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Negative overnight flows lead to an expectation of a weaker open this morning. Further downside is expected although we...

If this loss of steam continues there could be trouble. Have a look. Recorded from laptop, so turn up volume to max.

To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending...