Investing_Fellow

Investing_Fellow

If you like this idea, don't forget to hit the Like Button! Divergence on PMO (DecisionPoint Price Momentum Oscillator) and Bearish ABCD were a good signal of Gold retracement. I think that this phase is coming to an end with the formation of a Bullish ABCD (even if bear power still resists in the main trend and AB is not perfectly equal to CD, but still respects...

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If you like this idea, don't forget to hit the Like Button! After the rally that started at the beginning of October, the Nasdaq Healthcare Index trend is still defined, and it is approaching a new phase after a short term retracement. Values above the Ichimoku Green Cloud confirm bullish power. Next days' trading sessions will be useful to understand if IXHC...

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If you like this idea, don't forget to hit the Like Button and to Follow Me! Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019). However, we still live on...

Investing_Fellow Updated 

I was looking for some spread opportunities to have fun with reduced risk trades. Possible opportunity relies on Gold/EURUSD spread. The week started with Gold losing 0.8% and EURUSD losing 0.10%, trading around its 20 Period SMA. I plotted XAUUSD chart and overlapped it on the EURUSD chart (using 4h candles). I found one interesting shared support ($1509 for...

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If you like this idea, don't forget to hit the Like Button! Alexion business depends on patent-protected therapies in ultrarare and rare diseases of high unmet medical needs. While competitors are entering the market with biosimilars, Alexion still maintains an essential share of the market. My long term view is bullish. However, from a technical point of view,...

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If you like this idea, don't forget to hit the Like Button! This idea is based on the theory that the RSI Oscillator does not run (perfectly) between 0 and 100 ( see Constance Brown for further reference ). Specifically, the theory explains that in a bullish market, RSI tends to fluctuate between 40 and 90, with the 40/50 zones acting as support. In a bearish...

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Ichimoku resistance break could sustain recovery of the bullish trend. Please, note that this idea is valuable for short-term trading (2 days) or if you are holding a long position. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying...

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An exciting week for Gold that started at $1577.68, it is now trading around $1550 level. After the continuation of the positive trend (touching on Wednesday the second high in the last seven years) due to war fears, the price retraced to $1539 on Thursday. Volatility reached six months peak, as showed by the Average True Range (ATR). As explained in the linked...

Investing_Fellow Updated 

I was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator...

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Good spot for Alexion Pharmaceuticals. The stock is trading above the Ichimoku Cloud Support (red line of the green cloud). I was waiting for today's opening to confirm a bullish position. Furthermore, Alexion trades below its normal Price/Ebitda ratio of 41.13 (currently trading at 11.89). Disclosure: My ideas contain statements and projections based on...

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Intuitive Surgical produces robotic-assisted surgical systems. Currently, the company holds a significant market share in urology and gynecology areas. However, the business model is predicted to expand to other areas such as thoracic, colorectal, and other general soft tissue procedures. From a technical point of view, the stock recovered the highs registered in...

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After the stock price touched new highs in October 2019 ( management confirmed rebooting of aducanumab's development), Biogen started a consolidation phase. I plotted the Ichimoku Cloud on a daily chart, together with the Bollinger bands, to highlight the volatility and confirm the consolidation phase. Currently, from a technical point of view, we are in an...

Investing_Fellow Updated 

Stochastic Oscillator shows upturn for Acadia. Ichimoku Cloud support is very important in this case since today's session is not breaking it and could demonstrate positive trend force. Please note that biotech companies present high uncertainty. Disclosure: My articles contain statements and projections based on assumptions on capital markets, and therefore...

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Gold shows increased volatility (see ATR). However, I still believe it is worth to open a long position. Stochastic Oscillator just touched the over-sold limit and PMO is around zero (usually PMO fluctuates in the -2.5 and +2.5 range). Geopolitical tensions are driving current price. However, they are just one of the factors that will move Gold in 2020. ...

Investing_Fellow

Ichimoku Clouds show possible continuation of positive trend for Abbott Laboratories. Stock is currently trading above Base Line (Red Line).