Is SIG about to break above its 50% FIB?SIG is now trading at a 50% FIB level
Rising RSI and MACD
Has tested 150p in Dec-15 and Mar-16
Will it break to the upside after forming a flag pattern?
Time will tell.
A-shares
CTO breakout. If yes, how long will it take?Will CTO break out above 91p? (A)
Could still be a few years if the
ascending triangle pattern continues. (B)
GATC has that Friday feeling. Now above its 200 EMAGATC has that Friday feeling
Closed 6p above its 200 EMA and broke resistance
which started on 19th May
Note: Slight divergence on MACD and RSI
Northern Bear is bullishA very strong candle on the weekly chart after Northern Bear broke out from its 59p resistance, which held for 3 years.
BOYT shows weakness over the trading dayAlthough it still made a new high at 5.9 the price was sold down as the trading day progressed. Not as conclusive as first thought.
Northern Bear breakout after 3 years of rangingNIBT has been ranging since June 2014, and today it has broken out from the 60p resistance, which was tested 4 times during that period. So a very bullish day today and prospects for more gains are high.
VLX: Good results could see a reversalVLX: Could see a reversal here on good results. It's going in the right direction but the company needs to keep reporting progress. Price must exceed 49p before the reversal is confirmed.
EGLT going long, good zone to buy. here's the first trade, i decided to buy ELGT stock, 150 shares at 2.48 dollars! I decided to buy these shares cuz I see a good bottom point, and looking at the chart i think we can have a really good short term profit. The goal is to grow the account.
Tesla#TSLA shares
Negative divergence, short term.
Gap
Short under 300, 300 should be strongest resistance
STARBUCKS TEXTBOOK FLAG FORMING BIG BULL MOVE COMINGMy plan is to enter around 53.00 with a relative tight stop below the 51.00 low.
So the risk is really manageable, but the potential on this stock is very tasty, there is a potential for a 20% rise.
Before entering i will be looking at smaller timeframes to ensure that bulls are coming in, and stabilzing the price.
Fundamentally i have read several positive reports and bank analysis of starbucks with several banks expecting the stock to outperform toward the 64.00 level. So i think its worth to have it in the portfolio.
Thanks for reading, please make your own analysis, this is just my view and it might as well fall and take out the stop. Please use proper risk management.
Blessings to you all.
Pfizer Inc Short - Failed to break resistance levelsTried to break 33.77 resistance zone 3 times and failed each time. This zone also falls in line with the fib retracement zone. Finally, the closing candle was an indecision candle and supports the idea of a sell at this level. Targets would be the bottom of the range that it is currently trading in (31.00) or 32 where we see consistent indecision.
UK FTSE coming under profit-taking pressureFTSE has failed to maintain the test of the 7340, (150%) projection of the October-November fall, with prices falling sharply from 7354.15. A corrective bounce is currently developing from above the 7130~ high of October 2016, but falling stochastics and weakening investor sentiment are expected to limit upside tests.
In the coming weeks, further losses are looked for, as profit-taking pressure increases, with a break below 7130~ targeting the 7095, (38.2%) retracement of the October-January rally. Still lower is congestion around 7000.
An unexpected close above the 7354.15 high of 16 January is needed to negate downside tests, and confirm continuation of the broad 2016 rally towards the 7395 projection.
GLOBALSTAR TEXTBOOK BREAKOUT SHOOTING FOR THE SKYBeautiful textbook breakout out of an corrective wedge after an initial impuls higher.
We formed a nice bottom and correction seems to be over, we broke impulsivley higher above the all important 1.50 area.
Look for a small corrective move towards 1.50 enter with a tight stop at 1.35 and let the market do the work for you.
I love this setup.
Risk:Reward = 1:5
POTENTIAL HIGH REWARD TRADE ON AVON PRODS INCBulls managed to make a breakout out of this circled corrective pattern.
Now after the breakout, market is retesting the breakout level and i am seeing potential to buy here with a tight stop.
Note the previous similar breakout pattern, that was followed by a big rally.
Buy @ 5.53
Stop @ 5.43
1. Target @ 6.00
2. Target @ 6.75
There is a potential 1:11 risk:reward.
Best of luck.
SPANISH SHARES BANCO POPULARAfter a good impulse, a flag contracting pattern is being formed.
I am expecting this to trully rise, the reward on this type of shares is insane, as they are less than 1 unit, you can buy a lot of units and every cent it moves, gives you an insane reward.
There is two possibilities, buy in the E or buy the break out. I will personally probably buy the E as I am a risky guy and I want to make the most of this.
By the way I already have a long term position on this with 2k shares at 0.96. expeting to rise to 1.3 to make at least 700 bucks.
Have a great week.
Will 21st Century Fox make a bid for Sky PLC?The share price of Sky PLC spiked as much as 30% earlier today as news broke out about a potential takeover from 21st Century Fox. Fox already holds 39% of Sky PLCs shares and a preliminary deal has now been reached for Fox to purchase the remaining stake at £10.75 per share. Sky currently operates in five different countries within the EU and with the current weakness of the pound, UK companies are attractive for foreign companies. If this deal successfully goes through, it will greatly increase Fox’s market share of the Global Television industry. Rupert Murdoch, executing co-chairman of 21st Century Fox has made it clear previously that he would like to own all of Sky. Fox have until 6th January 2017 to make their intentions clear or walk away for six months due to the UK Takeover rules. From the chart, we can see that Sky PLCs share price shot up towards the trendline before retracing to close just below it. Over the next month, we would expect to see some retracement until Fox make their intentions clear or make a formal offer. If no deal is made or the shareholders of Sky reject the proposed offer, the share price of Sky would be expected to fall back towards £7.90. If a deal is successful, price could head in excess of £12.00 depending on Fox’s plans with Sky PLC.
Gap Close before Christmas??!!Will ebay close the gap from october 2016?? In my opinion it will. The question is when. :)
This is just an idea after going trough lots of US stock charts.
IDEA NOT ADVICE! :)
