ERIC has formed an ugly inverse H&S. overall this stock is in a downtrend, however, on the 15 minute chart it looks like a reversal is in the works. I think you can set a target for the .618 with a 6.78 target.
higher timeframe is in defined uptrend and finding support on trendline
intermediate time frame is in accumulation phase after short markdown showing price action making higher highs and higher lows on trendline
moving towards the .236 retracement level of 7.30
rsi is confirming the move and has room to run and break resistance
lowertime frame is showing...
There is nothing new under the sun.
Waiting and applying the stuff that works. You don´t have to trade every single asset or take every single opportunity, just wait for teh stuff that you understand to happen.
Warren Buffet recently said, he would have never baught Micrsoft or Amazon because he didn´t understand their model. But he understood Coca Cola and...
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks,...
A symmetrical triangle pattern with increasing demand volume on down wave culminating in today's AV (Accumulation Volume) VSA bar, down bar with mid to up close on high volume. Further strengthened by the support found on triangle trendline. This is an aggressive entry. A more conservative entry would be to wait for further signs of strength and a NS (No supply)...
This week, price has finished is retracement towards the red downsloping U-MLH and initiated an upward move towards the black ML line. Price target is 17.41.
This is a long term trade that will last 5-6 months with move completing in May - Jun 2015.
