Many things working for us to consider a bearish reversal. We are hitting the 5th wave of the Elliot wave. Major resistance from all the way back from 2007. MACD has a nice bearish divergence Stoch is showing the stock is overbought and due to pull back. Looking for a pull back to the blue dotted trend line.
Looking for a nice clean break over 1.95. The daily chart is showing a nice support here. (Former resistance) If we get the break with a nice bullish candle. I will take it long and will be targeting 1.98-.1.950.
Bearish Cypher. Looking for usdjpy to retest 100.10-.50 area before creating new lows(97.50)
Bearish Harmonic Pattern. Looking to get short on any rips towards 37. Looking for low volume push into the short zone. Showing me that there is no conviction in the stock. First target 34 and second target is 32. MACD has a bearish trend. shorted at 37.45 The overall market is soft too which in turn should help pulling this down.
Looking for the market to drift HOV into the short zone. Looking for Stoch enter into overbought zone before placing the short. We have a nice proven resistance zone between 5.40 - 5.50.
As Gold is strengthening this a nice small cap play. The MACD is a nice bullish uptrend. Nice support trend line here. Targeting 8 dollars. Stoch is showing $SAND is oversold and is due for a bounce.
Looking to get short between 4.33 - 4.43. Will post entry on the comments below and thoughts of overall action of $AKS.
Bearish Harmonic Pattern has emerged. MACD divergence and Bearish MACD cross over. Stoch is arching down signaling AUDCHF is looking to sell off. short .86945
Technical Play Nice bullish engulfing candle today at major support level. Signaling buyers are still interested in this stock. MACD has made a bullish cross over. RSI and STOCH are looking to come out oversold status. Nice Bullish Harmonic Pattern has emerged. News: finance.yahoo.com Holidays coming near could help this stock rally in the short term. Like...
Bearish Harmonic Pattern combined with a major proven resistance zone. started a short 93.05 Would love to get short between 9280-9350 MACD is tapering off suggesting buyers are exhausted Stoch is in overbought status. Great risk to reward.
Will look to start a new long position in 1.42s... long 1.42860 - update Nice bullish MACD cross over. Nice support with price action and Fibonacci here. It appears to be very range bound between 1.50 - 1.4130.
Stalling out here in critical Fibonacci/resistance area. avged up 3.03 hard stop is 3.25
We have reached a major support level. Giving us the best risk to reward to try to get long on this stock. A bullish harmonic pattern has formed on this level. MACD keeps rising as the price made new lows. Signaling that the sellers are getting exhausted Stochastic oscillator is bowling up signaling the price is ready to move out of this oversold condition .
Bearish Harmonic Pattern/Fibbonaci lined up with a Major Resistance Zone. Looking for 1 more push before getting short. Stochastic indicator is showing the stock is major over bought zone. MACD is looking ready for a bearish cross over. Aiming to get short between 420-430. A small bearish MACD divergence is forming.
Stop is 95.50 MACD looks ready to make a bearish cross. Price has stalled at major resistance zone. A bearish harmonic pattern has also formed lining up with the resistance zone. Stochastic oscillator is showing that the pair is overbought and a pull back is due.
Has entered an overbought state. A bearish harmonic pattern has emerged. Ideally I would like to get short between .8550-.8590 Stop is at .8630 Would love to see a bearish MACD divergence to occur has we rise closer to .8550 area.
Nice action today the buyers have stepped on this major support level. We have nice Bullish Harmonic pattern lined up with a major Fibonacci zone. Stoch is oversold and previous history of the stock has shown the stock bounces back hard when in oversold status. MACD is looking to do a bullish crossover. I will start a position here at 62.27 and add if needed. The...
Finally the risk to reward is in our favor. I will look into buying between 86.50 - 84.50. Placing my stop under 84. We have several technical indicators in our favor to expect a bullish bounce from Exxon . 1) Stochastic Oscillator is showing the stock is oversold. The green arrows on the chart show historical periods of oversold status for Exxon Mobil. If...