Eliarich

Eliarich Updated 

The Breaking of the flag which was confirmed by the closing of the stock above 74.60$ is very bullish. The stock might rally to 121$ level. the only nonconforming indications come from the bearish divergence on the RSI and MACD. A closing below 74.60$ will invalidate the scenario.

Eliarich Updated 

With the down trend line broken, the 50 days EMA moving above 200 EMA, a beginning of a new uptrend might be underway. The risk measures offer a good entry point at 17.45$ (last close) with a minimum target of 19.40$ and a stop level of 16.45$ ( P/L ratio of 2).

Eliarich Updated 

Looks like Johnson & johnson (JNJ) is heading up, to complete a 5 th wave target of 129.05$. a close below 112$ would invalidate the scenario.

Eliarich Updated 

Looks looks like Yandex is Missing a 5th Wave to the upside, 1st target = 78.6% of Wave 1 at 23.50$, 2nd target =100% of Wave at 25.75$. A close below 20.10$ would invalidate the scenario.

Eliarich Updated 

Looks like the German DAX has a clear Elliot wave count. The 4th wave is complete: * It has reached the 4th of a lesser degree; which coincides with a major support level at 11,950 And the 200 EMA; Wave 5 target is around 13,600

Eliarich Updated 

A clear Wave 5 Wave bullish count is unfolding on Apple. We are now in the 5th Wave, which has a target of 171.7$, coinciding with 100% projection level of wave 1. A stop level must be place at 154.6$

Eliarich Updated 

Zynga Last Close: 3.40$ Recommendation: Long Rational: just broke out of its range 1.82$ -3.10$, Target: 4.45$. Resistances: 3.50$, 4 $, Stop Strategy : Beware of a 2 days close below 3.10$.

Eliarich Updated 

Looks like the euro is going to retest the 1.1890 - 1.1905, after a brief corrective pullback to 1.1700. If the previous high of 1.1905 is broken next target is 1.2250. A stop is a must below 1.1675.

Eliarich Updated 

Although the British elections are around the corner (June 8th), it is worth noting that the cable has just bounced off its support at 1.2750 level and is trading now at 1.2865. the L1 & L2 level have indicated a positive reversal sign, giving additional support for the potential upside move. Target is at 1.3030, watch for a close below 1.2750.

Eliarich Updated 

Looks like Goldman, has bounced off a strong support area at 213$ level which coincides with the 200 EMA level. Bullish Divergence is also there. Buying today at market open would be a good idea with a potential target of 228$ and a stop at 209$ level.

Eliarich

A probable Head & Shoulder formation could be in place, with the neckline standing at 22.90$. if Broken ultimate target would be 20.50$.

Eliarich

Looks like Goldman, has bounced off a strong support area at 213$ level which coincides with the 200 EMA level. Bullish Divergence is also there. Buying today at market open would be a good idea with a potential target of 228$ and a stop at 209$ level.

Eliarich Updated 

WY, last closed at 33.55$, is offering a good upside potential: 1) Positive reversal in place at L1 & L2 levels indicating a hasty market to go up 2) Prices pulled back to support level at 33$ and it held above it 3) First target at 34.20$, if broken 35$ 4) Markets must not close below the 33$ level for 2 consecutive days in order to stay in the position

Eliarich Updated 

Although the company is facing a Class Action Lawsuit for not complying with either U.S. tax law or U.S. financial reporting rules, with the intention of maintaining a higher share price. The stocks looks appealing from a chart point of view as the recent dip to 90.60$ seems corrective, in the newly established up trend that dates back to March 2016. The ultimate...

Eliarich Updated 

CF Industries down trend has ended, with the EMA 50 crossing above the EMA 20, the price finding support at 28$. Next target is 32$ then 36$. Adding to that, Goldman Sachs upgraded CF Industries (NYSE: CF) from Neutral to Buy with a price target of $36.00.

Eliarich Updated 

Well ,it all depends on the oil prices. But from what I see here it looks like an attractive buy level, as prices are finding support at around 107.5$ which coincide with the 200 EMA level. Next targets 109.70$, 114.30$, than the old high of 119$. A break below 107.50$, will lead to 104.30$ and invalidate the scenario.

Eliarich Updated 

With the down trend line broken, the EMA (50) crossing above EMA (200) and the clearing of 2 major resistance levels at 173$ and 176$ respectively, the conditions are very much in favor of more upside gains for IBM. Buying here @ 177.24$ with a stop 175.5$ first target 182.80$ if cleared on the medium run we could reach 191$ even 195$.

Eliarich

Looks like the S&P 500 has still room to rally with a target of 2,510 where W5 =100% W1. Would it be an selling opportunity there?