DmitriTrader

DmitriTrader

NYSE:VZIO On May 24th, I opened a long position with VZIO. Based on Wall Street Journal's analysts' recommendation to "buy" the stock, that decision was spontaneous. I hoped that the stock would continue its upper trend, but it was a mistake. Later on, when the stock reached 21.00, I decided to average down my position. Currently, it's at 22.05. The recent up...

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On August 13th, I opened a small position with NYSE:HTZ basing my decision on the following factors: The price reached the 13.23 level, which was tested several times, and it served as a support. The RSI indicator was reaching its oversold level of 35.14 Formation of the daily Doji candle. Such a candle at the end of the bearish trend was indicating about...

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The recent uptrend in OANDA:NATGASUSD is ready for its reversal based on two bearish divergencies: RSI (relative strength index) and MACD. I also don't see much of volume which would support current enthusiasm of the bulls. Based on my observation of the OANDA:NATGASUSD almost over a year, the price level of 3.00 can be broken due to extreme weather...

DmitriTrader

OANDA:NATGASUSD On Friday, August 24th, Natural Gas reversed its recent bullish trend and quickly approached to test the 2.90-2.89 level. This level represents quite serious support zone, which served as a resistance in July and it was broken on August 18th. If this level will be broken, the next serious support zone will be 2.850-2.833 . By breaking this...

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OANDA:NATGASUSD The 2.903 level represents resistance, by breaking which rally will continue to 3.000 level. However, the 4H chart demonstrates bearish divergence which you can observe on MACD and RCI graphs. Im summary, I expect reversal at current point.

DmitriTrader Updated 

This daily chart demonstrates how the price going up without backup in form of a good volume. Therefore, it is loosing its momentum and it was stopped at the resistance level at 2.25, which was established a few days ago. Personally, I think the price will retreat to the 23.6% level or even maybe to the 38.20% level, and then it will continue its trend. Nemaska...

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The natural gas has experienced serious price rise due to the various reasons, among which are cold weather, strong demand from China, and limited supply from domestic producers. But among them two most important factors are - new US policy towards weak $USD and backwardation on the natural gas market. In my opinion, all these factors will keep pushing the price...

DmitriTrader

On this daily chart we can clearly see triple test of the monthly Resistance #3. Currently, the price is moving sideways between the resistance and support, which is provided by 23.6% Fibonacci Retracement. Now, this setup provides us a great opportunity to buy this stock at retracements, which will use MA/38.2% Fibonacci Retracement/Fibonacci’s trend line/50%...

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Today I’ve learned how to use the momentum oscillator “Rate of Change” or ROC in whipsaw stock movements. You need to pay attention when it becomes positive and crosses the zero line and then you need to watch if the price crossed its MA. The key point is to use the same time period as for the MA as for ROC. I am not a day-trader and my strategy is short-term...

DmitriTrader

If we look at this weekly chart then we clearly will see that the level of 27 was a point of reversal for Valeant Pharmaceuticals in October, 2016. My opinion is based on the amount of time spent around this area + size of trading volume. By breaking through this level, company's stock established a new downtrend for 6 weeks and later on transformed itself into a...

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TSX:HBC It appears to me that company's stock is heading south towards its solid support level at 9.8-9.6 , which was previously tested for several weeks in 2017: January, March, May and June. Such multiple tests indicate that at this time of the year, with coming seasonal sales and money from the deal with Rhone Capital, company's stock will use this support...