JoeHayes

JoeHayes

WFC bouncing off trend line yesterday and today again to form a shooting star. There is some hidden bearish momentum divergence seen on the histogram, and the stochastic is coming out of overbought levels without price having broken the previous swing point high. This does look like a bull flag forming, but I am looking for one more move down to retest support...

JoeHayes

ACT testing previous resistance, and this time it is coming on hardly any volume in relation to its daily average. The most recent decline had noticeable volume to go with it, and there seems to be nothing behind the ascent to keep price pushing any higher from here. With hanging man patterns - I look for a sell stop 1 penny below the low of the day and go for a...

JoeHayes

Good opportunity for a long position with LPI as there have been 2 pin bars back to back on good volume at this very nice support level. I would look for a retest just below the highs of the previous gap down. Institutional traders should be looking at this stock as a good spot to jump on in or add to any existing positions.

JoeHayes

VZ has come to trade in a nice little squeeze of a channel here for the past week. This support level also happens to be the .618 of the bigger picture leg. Momentum continues to see higher lows which should lead to this level holding up and a retest to the next resistance level.

JoeHayes

Alternate Bat Pattern here on the NZDUSD> ACT NOW. Should give a nice R/R for you and the pattern is completing at the 'D' point at good support on the daily chart and there is some bullish momentum divergence to go with. Looking for a retest of just below the 'B' point.

JoeHayes

There was a recent break of a triangle pattern to the upside. After a kiss of the trend line, TSL should look to retest 15.50 given an equal distance move from the base of this triangle pattern.

JoeHayes

Bullish momentum divergence occurring at a major support level for CVX which also happens to be hitting the 100 SMA. A couple of candles of indecision make it look like CVX could be prime for a climb to its newly formed resistance level.

JoeHayes

A Bullish Gartley Pattern is about to form on the 4H/Daily chart. the .786 lines up nicely at support and the RSI confirms the oversold environment. Look for a continuation to retest previous highs.

JoeHayes

Weekly chart brought a very nice pin bar at support on very high volume last week. GNC just announced its new CEO and the future looks bright for the company moving forward from a top level management perspective. Back to the technicals though - we see some extremely noticeable momentum divergence hinting that this support level should hold which is evident by the...

JoeHayes

SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization....

JoeHayes

Thursday brought huge volume after earnings report and a small bounce off support. Above average volume on Friday was able to keep Sprint from closing below its lows on 4/28. There is very noticeable momentum divergence to go along with this price level as the MACD histogram has been making a series of higher lows at this level. Looking for a 15% move for this...

JoeHayes

Bullish Bat Pattern on the 4h GBPCHF. The 886 is being hit at some decent support as well. There is a small showing of 'hidden' bullish momentum divergence (I'd like to see more of a discrepancy but not a deal breaker to see this as a good trade opportunity.) Looking for a retest of the 'B' Point.

JoeHayes

Ignore the MA Death Crossover that BA underwent just recently. BA at this very appealing support level should become a necessity to buy up for any fund holding it. There has been some noticeable bullish momentum divergence to boot and a look to the 4hr chart indicates that we should see a little pop in the coming days to keep us out of danger. Look for a retest...

JoeHayes

Bullish Bat Pattern is here on the EURAUD with noticeable momentum divergence. If you zoom out of this chart you will find that the 'D' Point line lies very harmonically with previous support. Look for a retest of the 'B' point with stops placed under the 'X' Point of this Harmonic pattern.

JoeHayes

Extremely clean BULLISH BAT PATTERN forming on the daily EURGBP. Enter long at the .886 level around .7872 with stop loss below the 'X' Point and I would look for a profit target just below previous resistance/congestion under 8200.

JoeHayes

We might need just one more day for FXI to reach its current rival in the upper 38 level. A Gartley pattern is about to complete very poetically near this very stubborn price zone for FXI. We have reached it numerous times without any luck of sustaining it, and with the bearish Gartley pattern backing this one along with noticeable bearish momentum divergence, I...

JoeHayes

Tuesday brought news concerning VRX's plan to takeover AGN which saw a noteworthy spike in volume and price today. Prices faded into Monday's trading range creating an Inverted Hammer near major support. With the price action movement, we saw the mac-d histogram make its first higher low over this last leg down along with a bullish cross coming from the...

JoeHayes

Price action close on Friday should lead to prices retesting the 13.50s. We have a solid support level along with some bullish momentum divergence. We also saw volume increase as prices faded back to the opening prices of 5-21. Institutions holding this stock would not want to see it break back below 11.00 from here, but you should give yourself room below this...