Hi Folks, I'm new to charting so if there's any CMT's taking a look, please feel free to criticize. Anyways, on to the chart. I like the setup for CRM here. It appears a classic Island Reversal Pattern has completed and the prices are ready to move higher. I also like the risk reward ratio. Traders can risk down to the 50DMA with a reward potential up to the...
I'm bullish on semi-conductor stocks. Especially small & mid-cap names. Check out Silicon Motion Technology. I like the set up here. P/E = 17.73 EPS Growth = 483% Nice entry point IMO. New to charting. Let me know what you think? Thanks.
Emerging Markets looking to breakout IMO. Stop believing in bubble boogiemen. Follow the trends. The trend is up until otherwise noted. I prefer EMQQ to EEM.
GLD formed a nearly decade long base. Resistance was broken but overhead supply was dumped on heavy volume and the price action quickly retreated below the former high. GLD downtrend ever since. Closed below its 150MA. Bearish for GLD and safe heaven assets. Bullish for risk equities. Don't fight the trends.
Look at the big picture. History repeats itself. This bull market has a long way to go. Buy the dips and enjoy the rips.
ETH formed a two year base. It's approaching resistance, will it bust through just like BTC did?