A new level was created when it hit 1866.50. 1846.50 what was once resistance is now support. I feel since it hit 1866.50 only one time-we will get teased on sunday night with a gap up open but then it will be a short to 1846 to 1847 area. This is still uptrending but I feel it will pull back a few times to 1840's area first and tease 1866 area again. Now if it...
Kept it simple---I would short here @ 1690.75 and cover between 1680 and 1685 for a 5 to 10 point move---$400 to $500 bucks profit. I see it hitting 1685 later on today. The big move has already happened so people are cashing in their long positions as you could see on the 2nd to last candle. 1705 is the new resistance-was tested twice within the week. 1680...
I will bet this is going to drop some points. Short @ 1682.00 cover at 1620.00 to 1630.00 range in a week or so.....52 to 62 points down....248 ticks....seems like a lot--but if patient--from what I understand just one point is $50.00---a potential $3,100 call. Im bearish on this. This will take about 1 to 2 weeks of patience to accomplish but you watch-wait and...
Ariad under heavy accumulation by the institutions, banks, big shots....On a monthly level a bit undecisive--but on a daily, weekly level we are hitting near a pivot point. MACD shows lifeline will cross over signal line---some upside to come. Im long on this. But not until it gets to the $16-$16.50 range---then I would go long and cover at $18.00. If the...
See this 60 minute chart---Its MACD Divergence and its weak to diminished bearish/sell pressure....In demand zone. Also---booming in Nikkei market--that may affect demand here in US as well for good long play...May even affect momentum as well.
Due to recent weakness in economic conditions....Demand has dried up and uptrend has been violated. Short now....I see it going at least to 24 before any changes happen. If market continues to be bearish this one is a no brainer. Plus MACD shows blue line crossing down the signal line.....This company is a has been....Used for window shopping only so that...
Due to economic weakness and will the good times coming to end---back to reality. This stock is in for a down ride. Uptrend has been established since February however that uptrend has been violated as of late-we are going to be breaking down into the 24 to 22 range in the near future. Good for short now.
