Hi, I'm just starting to understand technical analysis so note that I'm just an enthusiast. What do you think about this bearish divergence? (pink lines) Price makes higer highs while the oscilator (macd) shows volume going down. I interpret this as an bearish divergence. (let me know if I'm wrong please) I know evryone wants to go to the moon but I think...
September 9th, Wednesday, 12:52pm Waiting and analyzing price to see if it stays or breaks the 117.30 for potential upside especially as we approach apple's second major yearly conference, I'm hopeful that this conference will boost the price to the previous high of 135-138 as we enter next week. In the case that the price is unable to hold we could potentially...
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On Jan 11, 2017 I posted my short on $MAC based on the changing tenor of the American consumer. The shift to online shopping was and is the greatest threat to retail in my opinion. $MAC was a highly leveraged deep in debt company that, in my opinion was in the crosshairs of industry that would be facing some serious headwinds. Rent PSF was going to plummet as...
MAC is a possible Flag formation long setup. Money flow is very strong and trading above its short term MA lines. Looking very good as a long setup.
First things first, MAC has been a thorn in the side of many a shareholders. Let´s check out the current trend on paper: Last 5 years: - 47.78% Last Year: - 41.47% Last 6 Months: - 22.16% Last 3 Months: - 4.68% Last 1 Month: +12.77% So you will notice the trend. Major losses, then reduced bleeding, and finally a gain. Now this all took...
Whats up traders - Analysis is on the chart. This is a short term day trade. We got a momentum / moving average channel buy signal on Nike this morning and have bought in targeting $82.00 Let me know if you have any questions and best of luck!!!!!
It's been 10 Days since last bullish FNMA idea posted on this account and the stock outperformed. The target was $3-$5, the price cleared the bottom end of this target already.
The technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. The current price of SPY is $290.32. We will find resistance from levels from above including the following: 291.74 from highs and lows over the past 14 periods Levels from below will provide support, including: 289.60 from...
Price has just broken out of the Ichimoku Cloud. It could be the start of a new uptrend. The idea is to catch a new trend as early as possible and ride on it as long as possible. No target price to hit. Go long and place a trailing stop along the way as price goes higher. Set a stop loss when you open the position. For more trading resources, go to: www.patreon.com
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Notice that beautiful W formation on the 15 Min chart and the breakout about the Cloud also the multiple bounces off the support line at $2.86 notice this was once a level of resistance.
On this wide time scale, it is easy to see a classic U-shaped Double Top formation (Naked Forex), which often precedes downward price action. This pattern plays out like a carbon copy on FMCCP, FMCCT, FMCKI, & FMCKP. Those seeking to enter into a long-term long position in the Freddie Mac family of CMN and PFD stocks that have not already done so should consider...
Elliott wave + Fibonacci 1-2-3-4-5 already done. Now need go to A-B-C
TRIANGLE PLAYING OUT. break may happen either side. GO SHORT WHEN RED LINE TOUCHES WITH STOP LOSS. Buy when price touches Green line (one lesser degree from 2004 support line), so plan to dump when needed. Go deep short if it fails to break the ultimate red line from the 2015 top. Using options strategy carefully.
This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...