GPRE - Big insider selling Possible Short from $24.00 to $14 GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry.
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or lower
Exit Target Criteria- $14
Stop Loss Criteria- $24.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
G-channel
GBP/EUR Short at Channel ResistanceWe are approaching the top of an upward channel, this key area of resistance is a good area for a sell opportunity. This is supported by divergence, that suggests that the next peak will be lower than the last - which would fall at the top of the trend line. Before placing a trade wait until the candle closes, if the candle closes outside of the trend line the set up is invalid. Finally, this upward trend has a bias to break to the upside, so this opportunity needs to be considered thoroughly.
EUR/GBP Short Opportunity - Channel ReversalThe top of the bearish channel is a good opportunity for a short position. This type of trade gives a good risk/reward ratio, stops should be placed outside of the channel. It is key that stops still allow price to move above the trendline and not be too close to the trendline, therefore the 0.85570 zone is a nice level for this. Targets could be the bottom of the channel or at the middle of the channel where a support level is visible
Gold regression since 2013 collapseGold is trading at the upper extreme of its regression channel since it broke down in April 2013.
Deduce what you will based on your own trading strategy, some may view this as a potential break-out, others might play the mean-reversion.
I'm agnostic for $DXY related reasons, so I will watch closely.
Triangle pattern and uptrend regression LONG indicationNot much to say here. We see an obvious regression going on indicating an uptrend is about to take place, however it's also possible the stock price follows the triangle pattern plotted breaking through the bottom (bearish) or top (bullish). It's any mans guess at this point.
Suspicious. Bitcoin misses Christmas?The mainstream press like CNN, Bloomberg or The Guardian thinks that Bitcoin is dead by simply comparing the price change from December 2013 to 2014. Bitcoin is far from dead, but there is a risk of a new downtrend if the price falls below $315
- Bitcoin Bears Say Told You So As Digital Currency Falls (Bloomberg. December 15, 2014)
www.bloomberg.com
- Bitcoin stalls after hitting record prices in 2013 (The Guardian. December 15, 2014)
www.theguardian.com
- Is Bitcoin over? (CNN International. December 15, 2014)
twitter.com
FDX breakoutFDX is another one of our preferred trending stocks and has been discussed in our private forum a few times.
Price broke out of the regression trend channel almost 2 weeks ago and continued to trend upward. Yesterday price closed above the resistance level and this has now been placed onto our bullish watchlist.
Wewill wait for a chart pattern to set up any long positions.