Recently the trading range has narrowed between (700,750) with some resistance from 750 (or P pivot). Since then EMA50 has been nearly flat slope; hence sideways. Also, the difference of EMA50 and EMA200 has been decreasing with EMA50's slope marginally bearish. If bearish momentum continues, a support retest of 700 is in range. Should 700 fail and OBV fails...
Support retest near 80 not unlikely. Clearly bearish trend, though not enough signs to call a near-term bottom. When OBV make a couple of higher lows a potential bottom may be near. Technical to Fundamentals show otherwise. Obey your rules.
Red MA (EMA50) has a positive slope; bullish. RSI, OBV, and MACD also indicating bullish action. If looking to invest, at least let it retest EMA50. Obey your rules.
Stick with the trend. Potential resistance near with R1 pivot. MACD, RSI and OBV supporting confirmation. Stalk an entry. Obey your rules.
Stalk instead. Volume and price are healthier, but it will take Greece et al some time to recovery from its financial predicament. Price will retest EMA50, so will reevaluate then. Obey your rules.
or near 42.17, an important fib and support test. Basically we could be in a local Crude bottom for the time being. Profit taking will happen soon. So if 42ish holds, then 50 is a reasonable future resistance target. Otherwise if 42ish fails, then 40 likely, and a nice bear hug for a support test near 35. More importantly, trade with your rules.
Technicals ruling until fundas prove otherwise. Feb's low is not far off should earnings disappoint. Tight trading ranges and S/R levels. The ema50,ema200, red cloud, illustrates that more bullish volume is required to close the gap. One good outcome since the new year, OBV has made a bottom; which is mildly bullish overrall. Obey your rules.
May get magnetized to 205 for a little. Obey your rules
Near middle of mild bullish channel. Slopes of ema50 and ema200 are nearly flat. Watch $GPRO as well for additional guidance. Still early, might find a better price after earnings. Obey your rules.
Slope of ema50 is nearly flat and ema200 is mildly bearish, meaning price action at a possible inflection point near earnings. Will see $55 if bullish momentum continues. Otherwise retesting March lows for support is within it's ATR. Obey your rules.
Support from ema50 (Red MA), RSI recently formed a local bottom, MACD near bullish xover, and resistance test near P pivot. If the market turns bearish, an ema50 and $37 support retest likely. Obey your rules.
Excellent strength pushing this into a potential long swing opportunity. However it is still at a precarious price level and may turn at anytime. Keep in mind that Oil has news coming up this weekend and SPY has been fairly correlated for some time. So use stops and adjust as needed. Obey your rules.
My historical analysis of GPRO:
Mind you, it is still bearish. But not as nasty as before. It may retest support of 9.50 if bulls are gonna sit out next round. Put your money to work at the right times. Let others do the hard work and manage draw downs. Be patient. Let it round out a bit more.
Negative sloping ema50 and ema200; bearish. Temporary local bottom in February. Likely candidate for a few more multibottom attempts before bulls swing ema50 and ema200 to marginally positive slopes. Do not forget about the prior resistance above.
Will need a bit of time to work out this pullback. It may retest ema50 (Red MA) for support again in this mildly bearish near term trend. Be patient and stalk an entry.
it might pullback some. How much? Does not particularly matter. However here are some round possibilities and corresponding drawdown differences and percentages from $207.14 high. Near term bearish. Manage your risk and obey your rules.