Now I have seen alot of talk of IWM going to the moon.... Well looking at the weekly chart, it seems that we are at the top top, of a parabolic rise in a very volatile market, even drawing in trend lines from before 2009 we are converging to a high point. Now, do not think for a moment that I am sure of a downturn, because we all know, the market does what it...
Well after an epic earnings miss CPB looks to be at the very bottom of its range. Looking at the weekly chart going back to 1986-ish you can see that Campbell's doesn't break the bottom of the upward sloping trendline drawn in red. I'm going to wait just a bit to initiate a position, as we still may see a little more downward movement, but then I shall be a...
Looking at the weekly chart we see MTW has dropped down very near the bottom of its range dating back to 1996. And even with the support level from 2012. more recent price action saw a breakout above the resistance of the last 30 days. I'm in long aiming for a modest target of $40. Good Luck and Happy Trading!
looks like some consolidation happening low volumes strength in the rally running out watch for the break to the downside, looks like a 10-20 point drop could occur
Chevron is in a large head and shoulders pattern coming out of good earnigns and dividends. six days after dividends CVX starts to climb which perfectly lines up with the head and shoulders forming. Also, MACD has converged today. Price target 117 on or about March 8, possible continuation on up until march 14. Good Luck I entered today long.
The pattern looks like a head and shoulders forming, could break to 156 on the downside if it doesn't break through the 172 resistance level. If 156 support doesn't hold a crash to 120!!! is possible. Lets see what happens at 170. Good luck traders.
HAHA, the Q's said to heck with it! Wasn't sure there where the QQQ was headed but looks like the bulls have decided to go for a retest of that 170 resistance level! whoohoo! lets go Q's!
