ldcicconi

ldcicconi

Looking at the 1 month chart it is apparent that this is in a super long term/permanent uptrend, and just saw retracement through 20 month EMA, heading towards 70M possibly (this would be a major correction)...hugely oversold. I think short to 38.2% fib to meet 70M EMA is likely in the event of continued downtrend. I think correction upwards in the $34-35 is...

ldcicconi

Just completed long term head and shoulder pattern from mid 2009, moving averages are down on every scale, RSI down, lots of resistance, plenty of room for retrace at support levels/kill-zones

ldcicconi

Price is sitting on a historical resistance turned support that happens to also be the 23.6% Fibonacci retracement. StochRSI is way oversold and the bid books are stacked. I am thinking that this is a bull flag. I expect something interesting in the coming week as China looks to exit positions for Chinese New Year (this starts 2/19). It may pump through the week...

ldcicconi

Support broke late last night, possibly forming resistance (looks like it now). Market went bull in the last hours, hit the kill zone, indicators beginning to confirm short term reversal/back to downtrend.

ldcicconi

This downtrend has been made up of wedges and is a wedge in and of itself. Most large moves downward have been painted by a wedge with the MACD providing crossover confirmation. It is also notable that we are currently riding the mid-term downtrend that also happens to make this entire move a wedge. If this wedge breaks out as I would like it to (sustained...