PDN has been in our watch for a long time.
Looking from a monthly prospective a possible double bottom is forming.
If the break of the neck line occur we expect over 200% rally from current levels.
The break of that neckline could also be the beginning of the bull rally that the U-Bulls are waiting for years.
In all these years since the last radioactive...
Couple of weeks ago when analysing some Oz Stocks one of the few who got our attention was Webjet.
WEB is a travel agency operating in Australia and New Zealand, with customers across global consumer and wholesale markets.
Fundamentals are still not great around the travel industry but the technicals on this instrument are suggesting a 200% rally aiming the 8.50$...
TSLA has been a very interesting stock to watch. Since October 2019 TSLA rose 270% reaching its highest point at almost 1000$ per share, to then lose 60% of its value by mid March and gaining another 150% to reach current levels.
The volatility for this stock has been quite remarkable and offered great trading opportunities.
What to expect next from current...
The past week started with the price retesting the asymmetric triangle formed during almost a month of consolidation to then skyrocket into a new high.
This has been a great move filling up the pockets of the ones who played the breakout. Now the question is..., where are we heading from here?
When looking at the Monthly, Weekly and Daily Gold is clearly in an...
The GBP has formed a double top at the touch with the 200 MA. Price is now wobbling on the Neckline.
If a clear break of the Neckline occur we'll be looking for short positions aiming the yellow zone.
The COVID 19 pandemic that is kneeling the world caused a major drop in oil prices in some cases even reaching levels never seen before. At today's date oil is still in oversupply suggesting a further drop to the downside.
But... there is a but, from Our technical prospective Brent Crude has reached it's level of extension and is ready for a retracement. In Our...
We have been watching closely the AUD, which is respecting a bearish XABCD pattern. A bearish position was entered at 0.653 on the 29th at the rejection of the D point.
Following price action we see the possibility for a wave formation at the 0.382 or 0.618 levels giving a good R/R scaling in opportunity. Targets are respectively the end of the short term wave ...
Long term trend line reached, positions closed, going to the downside?
Current levels might be good entry opportunities to the downside for optimal R/R Ratios, yesterday close formed a bearish candle with a wick that went through the trend line suggesting possible bearish momentum.
SL above the previous high and targeting 80% of the upward move seems like a...
After a double bottom at the 38,2% Fib last week, the AUD is moving toward our red zone which is delimiting a strong resistance that might cause the price to plunge. We are expecting to see a reversal pattern within the red zone in the next days. Such formation would confirm the bearish view targeting 0.6185.
During the weekend BTC has been moving upwards around the 7300 level. The yellow zone represent a strong resistance, we can see some sort of H&S forming there, a break of the neck line might result in a bearish move. On the other hand from a bigger picture technical prospective a break of the previous high might result in an upward move targeting the red zone and...
Bitcoin is respecting the long term trend line forming a descending triangle, which we have reasons to believe will hold for about 210 days yet consolidating between the 4000s and 8000s.
The 9th of march BTC completed the XABCD pattern so called "Bat" type and reached the first target zone into the 7000s. Expectations after the current move are that BTC will...
Weekly candle closes forming a Gravestone Doji after the completion of the "Butterfly" extension pattern confirming the view posted the 16 of April. Probabilities to go back into the 1630s are quite high. However the price is still above support that might suggest rising in price at the beginning of the week giving good opportunities for short entries.
Gold has retreated from its multi-year high of 1747, with price consolidating above the 9 March high of $1703 - A fall in inflation expectations and a stronger USD behind the move. That said, price is still holding the 5-day EMA on the daily chart, with the bullish trend still intact.
However let's pay attention to the "red zone" which is the end point of an...
Week one of earnings season is almost complete, but over the next few weeks markets will continue to hear from corporate leaders dealing firsthand with current business conditions. The risk here is that markets have been too optimistic regarding the impact to business, so earnings season should give traders a better understanding of how to price equities in such...
