Intercontinental Hotel is poised to break the resistance, if we can close above the resistance this week.
If we can get above 76.25 and hold could be a good break out.
Large RSI Divergence and a double top.
ICE is a buy for me from 66.15. Price is massively oversold, RSI2 is showing extreme levels along with the Stoch. Volume has spiked and we can see that price initially dropped but rejected strongly from the support level. Financials look solid. Stops at 63. Buy at 66.15 TP1 - 71 TP2 - 80
ICE may finally be rebounding. Risk off the recent lows.
An intraday (2 hour time frame) hight potential, BackTested Sort Analysis. 1) Two Tops Diverged to CCI Oscillator for XXXXXXX movement. 2) OBV Oscillator crossing down the trend line - VOLUME PRECEDING THE PRICE. 3) CCI crossing down the zero level. 4) Best entry price between 69.55 - 70.33 NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED...
ICE@ 258.16, Weekly neutral bias – The 268.89 peak area could cap near term ICE rallied off the 227.22 swing low (March 7, 2016 weekly low) to look to challenge the 266.74/268.89 topping zone (November 9, 2015 weekly high/February 8, 2016 all-time peak). The area is near the 2.5-year rising wedge resistance (linking January 6, 2014/November 9, 2015 weekly highs)....
Analysis on chart, expect another touch of earnings levels before any sustainable upward action can ensue (current move off this level is corrective)
ICE - has been treading at the lower part of the downtrend channel since april, it started its explosive move Sept onwards. After making a high, it retreated and attempted a higher high. At closed yesterday, it ended with a Big DOJI which is skew lower than the mid point. With MACD and RSi giving signal (though not formed yet) bearish divergence and price are...
It looks the price has broken downward out of a consolidation period, suggesting a continuation of the June downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the...