USDCAD FULFILLED -27.27% FIB LAST WEEK 1.31000 AREA SEEMS TO BE ACTING AS STRONG DAILY RESISTANCE ALONG WITH THE 200EMA DXY SHOWING SEVERE DIVERGENCE TO THE DOWNSIDE LOOK TO SELL UPON A PHASE LINE BREAK SHOWN 3:1 RISK REWARD TO KEY LEVELS 1.28300 AND 38.2% FIB HAVE A NICE DAY
Fundamentals : CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures Technicals : $CNMD ignored recent rally in $SPY, showing that it is relatively weaker. We are in major Head&Shoulders pattern with major support (neckline) at $36. Price has built a bear flag...
Other sectors like $QQQ and $IBB lost leadership and $SPY is still hanging there. Still very choppy and range-bound with no real follow through. That is why, I will wait for reliable signal. For me, it is break and close below that neckline $204.39. Stop above right shoulder at $208.54, but for more active traders who want lower risks I would recommend...
Fundamentals: Illumina made a disappointing start to first-quarter 2016 missing the estimates. Also, rising costs has potential to hamper its growth significantly. This rise in higher operating expenses impacted Ilumina’s cash flow reserve in the reported quarter. Technicals: In the mid of summer 2015 the price of stock accelerated with top $242. But big,...
As I've said before. Volume divergence is the mark of a weak market movement. Smart money is not buying right now. The peaks of volume have coincided with selling from levels like the one we're currently at, so we should see more of that to come. The price in the last rally and today has gone up on the lowest level of volume we've seen in months. Down it goes
Fyndamentals: Netflix stock plunged down after earnings report as the leader of streaming video companies offered weak guidancefor subscribers growth. But it is not the only reason. The arrival of Prime Video as a more direct competitor, as well as Amazon Prime can create some challenges for Netflix. Technicals: The price gapped down below 200 EMA and holds...
Big Picture: Market is hovering around major resistance and curling down. Index for biotechnology is lagging. The company posted an earnings and reaction of investors was negative. No, it is building nive bear flag and with today's close it was resolved. Trade Management: Entry near $80.70 with respective stop at $82.20 make this trade very attractive from...
Overview CERN continues to underperform. Overall chart is very weak, below all moving averages. And It feels like stock can accelarate to the downside when futures will find resistance. Today, it dropped down on big volume and closed right on $50 support, which acts like strong psychological level. Trade- and Risk-management Break below $50 will add some...
This weekly chart shows over all market weakness. However for the short term I think a bounce can be expected
Easy to try and call bottom on a stock that looks as cheap as $JCP but the fact is they are still losing money and the downtrend is in tact. Look for a stronger retail player.
AUD/USD MONTHLY LOOKS LIKE WILL FINISH ON A SHOOTING STAR, WEEKLY ENGULFED 3 WKS PRIOR. BROKEN CHANNEL MA CROSSOVER STILL MAKING LOWER SWING HIGHS A LOWER LOWER NEEDS TO BE FORMED. ALSO LEG A,B ,C COMPLETE NOW AWAITING LEG D WHICH IS 0.74460 AREA .FUNDAMENTALS WITH DOLLAR VERY STRONG AT MOMENT
Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may...
Here is the roadmap for the DXY, the green lines highlight smart money buyers, the red lines are smart money sellers, the highest probability is when price returns to the level for the first time. I use the DXY to gauge strength/weakness in the USD and then play the clearest setup it through cable, fiber or gold. At the moment I am still expecting further weakness...
Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
In its prominent down trend, price continues to have pronounced consecutive cycles below the 20 ema pushing EUR/USD lower. Today’s bearish reversal bar bumped just shy of a past level, now acting as resistance, at 1.2500, and closes below 20 ema and 0.618 Fibonacci level. If a short trade does not trigger a re-entry can taken at the test of 50 ema and/or...
After reaching a multiyear high last Thursday, with an RSI indicating overbought and a shooting star candle indicating an imminent drop in price, the dovish tone of Draghi´s language Friday morning immediately weakened the €, resulting in a significant drop for this pair. It fell over 100 pips during his speech and about the same amount during the rest of the day!...
If you're looking for a sell opportunity then DDD looks promising. The decline has been steep since the high (which didn't quite touch $100) at the end of 2013. On the weekly chart price looks almost certain to end the week below the 200ma. If this does occur then a shorting opportunity may present itself (although we should wait one more trading day just to be...
Chipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3...