My forecast for CHK is based on the RSI being lower than 30 and on the 6-month-old support level.
The crude oil prices rose 12 percent during the last two weeks of trading, from recent low at 46.66 to about 52 dollars today. The crude oil futures recent rally might show the beginning of its recovery to higher prices. Is that a sign of the plunge’s end? Politics, oil producers, and technical analysis (Bollinger Bands & RSI) give answers. Full blog post here:...
Selling short at $22 and setting a tight stop loss of half a dollar. I’d set the profit target at recent low of $18.50, hoping to hit a 7:1 risk/reward trade! Full analysis: jmak.ws
Entry price is $88 with one dollar stop loss, aiming for a fall towards eighty-two dollars. If successful, the reward would be six-fold the risk. Full analysis: jmak.ws
I’d buy Yelp shares at $58 with a ten dollar stop loss. Profit target could be set at either $85 or close to all-time high ($100). Question is whether we are patient enough to hold this position for months to come. Full analysis: jmak.ws
TWTR touched Aug '14 support today and opened with a gap up. Is that exhaustion of the recent uptrend combined with forthcoming negative reports today? Or is it an imminent breakout? It's a game of probabilities and psychology. I'm feeling pessimistic today. Full analysis: jmak.ws
Betting on the Euro resuming trending downwards against the Japanese Yen. Stop loss set at 50% ATR and last high.
After retracing to declining trend line at hourly chart, I'm going short on GBPUSD with a tight stop loss and a lucrative risk/reward ratio.
Betting on Australian dollar to decline against Canadian dollar on R1 pivot point and resistance level, previous support.
Entering after the open gap fill and using it to set the stop loss at 1-hour chart. Profit target can be the 1.11 round number or S2 pivot point.
Trading inside the pivot points' range, betting on a retracement after Euro''s collapse following Draghi's QE announcement.
First profit target should be at previous key resistance. Hopefully, we can catch a bigger uptrend with the remaining position. Trendline starts from mid-October if you look the daily chart!
Buying EUR/NZD due to support, 38.2% Fibonacci level and trendline.
Shorting GBP/NZD on confirmed retracement to trendline and to 61.8% Fibonacci level.
The bounce will align with the 50% Fibonacci level. This is an example of position trading. For a more short-term trading, we could aim for an ascend to the 38.2% Fib level and take 50% profit there.
***SHORTING EUR/AUD**** Sorry for the confusing title! Following the strong downtrend and hoping for trend continuation.
Support has become resistance in mid-January. Let's see if it holds. Looking to scale out and take first profit at 117.
I guess I am not the only one who has pointed out the support level at $40.