Long falling wedge Recent bullish divergence on RSI Currently resting on a strong support level established 2010-2012
Tesla is playing perfectly into a broadening megaphone top 1. 3 successively higher peaks (Last one is in the making) 2. 2 successively lower troughs (Already formed) 3. Often occurs at the end of a major bull market (as we are in) The ONLY thing missing is the expanding volume upon the swings, but I see enough to believe a major topple comes after this last peak...
Symmetrical triangle, a continuation pattern. So we clearly failed not only to reach the recent 2815 resistance, but also the March 2018 resistance of 2800. Next we go down to support from late April/early May. Play the triangle. Until we see a breach of the triangle (should be down), enjoy the swings.
Bullish falling wedge. First, more down. Buy zone is 260-2. 260 has strong support . Also is the 0.5 Fib level. In a prolonged bear situation, the .618 level is in play at the very end of the falling wedge (box 2). I do not see this happening, but it is possible if overall market sell off is still high at 260.
Ascending triangle in the making RSI and MACD are sells right now Look for a drop in the next few days to 77 within the ascending triangle range, then up and out from there Fundamentally, CVS is one of my favorite companies. It will transform the healthcare space (overview below) CVS officially closed on its Aetna deal over the last few weeks. Most are unaware...
Short term down trend was broken on volume on Friday. RSI and MACD have more room to run. More good news on tariffs over the weekend. I expect a retest of the recent resistance of 2815. If it fails to convincingly break 2815, double bottom is out of play and triple top prevails and we see far worse lows than anything in 2018. Long for the next week, but then watch...
Bottoming pattern almost complete RSI on steady incline First good buying volume seen in months Must break 21.00 on volume to confirm the end of the downtrend Although tariffs don't necessarily effect IQ directly, it is a big name Chinese stock. Expect a reaction.
Retracement to a strong support from Sep 2013-Mar2014 (exact .618 retracement) Solid bounce upward yesterday from support RSI crossed back from oversold territory MACD looks to converge into buy zone
BP looks to have settled nicely on the .618 Fib retracement Support is very strong in this 40 dollar area Bullish Divergence on RSI Expect a little bit more accumulation and start of an uptrend from here
Apple is approaching two very strong supports 171-168 support is also the .786 fib retracement (top box target) I believe we see a very short term bounce over a few days after first support reached RSI and MACD still a mess. Selling volume still high. I expect to see 160 again after the short relief IMO
Bullish Divergences on RSI to price Bullish Falling wedge Leaning on a strong support from May 2013 Celgene is a fundamentally strong Pharma company with a strong pipeline of drugs
GE looks finally at the bottom (Approaching lows from March 2009) Selling volume on a steady decline Bottoming of MACD looks like it's in and attempting to crossover RSI on a slow and steady incline from oversold territory I would start laddering in buys as GE is a slow horse with the potential to see very slightly more down, but the bottoming signals are...
Not many bullish scenarios in blue chips out there. MCD broken RSI trendline MACD crossover MAs on the verge of crossover Bullish scenario=Retracement to 175 area Bearish scenario=Retracement to 167 area
Broken trendline RSI 9 day MA crossing 4 day MA Look for retracement to 320 If short term 320 support does not hold, look for the 294 area before another ascent