SBAC has been on a strong bull run since the beginning of 2012 and began to be of interest when it broke above $60 later that year. However, trading it from the daily would have required quite wide stops to accommodate the frequent, fairly prolonged and deep pullbacks. The set-up in the last few days looks promising but I would want to wait and see a more linear...
There is not much historical data on this stock so longer-term trend trading opportunities are out for me. However, PANW gapped up on higher volume yesterday. Price is well clear of the $100 figure and is continuing to make higher highs. The bar was extremely bullish and only marginally larger than previous bars. If the gap doesn't get filled this could be a...
ODFL is a good trending stock, but volume is fairly thin. This can affect liquidly when entering and exiting trades. The weekly uptrend has been long and linear - the pullbacks have become a little deeper but are more than acceptable on this timeframe. On the daily chart, however, the pullbacks have caused a bit more of a concern. During early 2014 there were...
ABC has been in an uptrend for many years - with some periods of pullback and sideway movement on the way. In more recent times a mini pattern had emerged (on the daily chart) of a move up followed by several weeks of consolidation. This can be frustrating, even for longer-term traders. But since the gap up (on earnings and higher volume) on 30th October a...
For just over a year XRAY has been trying to break through the 2007 resistance of $47.84. During this time a double bottom chart pattern formed on the weekly chart - which can be a strong indication of a continuation of the previous up trend. Since breaking through the $50 resistance zone in early November, price has retraced to test this line (with resistance...
CCI shows oversold, SD level retested and major trend is still pointing up. I'm expecting CADJPY will continue uptrend
As I've noted, the 3 full supermoons we had this summer failed as bullish indicators, meaning the bear market was bound to last for quite some time, which it did. Shortly afterward, the bullish moons began serving as good indicators again in recent months as you can see on the chart. However, this is the first new moon to fail as a bearish indicator in a long...
If CADJPY returns to the lower median line parallel, there should be a buying opportunity at that level, esp. because it would coincide with the prior highs. The CAD is currently the strongest currency, while the JPY is the weakest, which makes this pair a perfect match for trading long. Now I wonder, if we're going to see new highs, or perhaps the time has come...
ROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high. For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy...
APD has been in an uptrend all year but the deep pullbacks have made it too unpredictable to long-term trade so far. On the daily chart an inverted head and shoulders chart pattern offered an opportunity to trade a measured move up. Since the break of the pivot high (which also confirmed the H&S pattern) there have been two gaps up on slightly higher...
Expect uptrend in a few hours, strong position holding even after a reckless sky-rocket week.
Following the long-term uptrend of USDCAD, as key Canadian economic indices are set to be announced 30 minutes from now.
I have spotted an uptrend. I can draw anything on chart and i can even set an alert on an oscillator. I would like to go long when CCI is oversold (the pullback in an uptrend) to maximize my profit on an uptrend. This is a very useful features for me :)
AGN often crops up on my watchlist. It has been in a bull trend for several years but frequently experiences prolonged consolidationary periods. The stock has been in an uptrend since earlier this year but got into a $145-$175 range from May to October. But, despite the market-wide October pullback, AGN manage to break out of this range, retest the previous...
The chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend. Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this as a neutral outlook.
Considering my last graphic, it seems like middle-way tunnel is already oversold. Maybe a trend change? I wouldn't recommend opening any position now.
THG is not a great trending stock but yesterday's gap up on the daily chart offers a possible short term opportunity. This stock may continue its general move to the upside but it is too erratic (at present) to trade with confidence for the long term. Price has dropped below the daily 200ma on several occasions recently, which prevents it being a good...