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Pullbacktrade

Applied Materials - Bullish pullback trade ?Applied Materials ( NASDAQ:AMAT ) has an interesting chart in that it tends to pull back below the 21 EMA on the daily chart. I tried to identify a clear area of support for each pullback, but it seems arbitrary. You can see the Keltner Channel falls just short of where the stock reverses the second time and the most recent pullback is actually pulling back to the 34 EMA which I initially did not want to put on my chart to avoid too many lines... but I figured, seeing is believing, so I put a big fat orange line to add to the chart. AMAT is an upward trending stock and has decent volume...approx 5 million shares traded today...I sorted the S&P 500 constituents by volume and AMAT was #19 in volume (#1 being highest volume which was GE). I did see other stocks that were pulling back as well, but something about their charts didn't convince me. OK prediction time... so based on what I see on the charts I think we might see AMAT find support at $62.65 ... from there I think its going to ride back up. It is oversold based on the 60 min time frame, but not quite there on the daily time frame... so keep an eye on it tomorrow. If it comes down to $62.65 or to the lower Keltner channel band I wouldn't be surprised... but be wary if it breaks below that. Those considering to go long now, might be a little early...or could be lucky and end up hitting it right on the nose because it doesn't tend to stray too far below the 21 EMA and today's red candle was a decent size.
NASDAQ:AMATLong
by UnknownUnicorn6775423
LLNW- Long IdeaWatching for a classic bounce play along a moving average. Waiting for price to stabilize and narrow and then ricochet off the MA. This stock is recovering from a rapid rally and needs time to stabilize. The blue line is a moving average (50) and the black line is the expectation of the price movement. Notice the 200 MA has a nice slope upwards and the overall trend is up. Can watch for the following to take an entry: narrowing price/ATR and collision with the MA moving upwards Guppy MA to turn up MACD to turn green again big white candle with volume Notice how it tagged the 200 ma twice before, will the third time be the charm? if so a buying opportunity for size-able gains.
LLong
by KAS109
2
SOYBEAN IS TRYING TO MOVE AWAY FROM DOWNTREND - ZS1! - 30MNWe have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards. The two horizontal black lines are the new tops and bottoms of the horizontal trending range. We could observe during this week a market which will try to break above by going directly to it or by finding first a a support point on the top of the red down trending line. The probability to see the market breaking above the black resistance line is less likely than seeing a pullback down again at that level. It could probably be a good sells entry point (possibily from Thursday). For the moment the last volume have shown signs of a force pushing up against sellers. Keep an eyes on the $900 mark, still legit and try to trade it during the morning Asian session (Tokyo time from 9am30 to 12pm and opening of the Frankfurt & London 8am to 10am GMT0) as it is more stable and easy to read.
CBOT:ZS1!Long
by Diallo_Charts_Ideas
EUR/NZD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/NZD: Day-Swingtrade-Preparation Market-Sell:1,78350 Stop-Loss: 1,70320 Target 1: 1,77450 Target 2: 1,76500 Target 3: 1,75860 Stop-Loss: 81,5 pips Risk: 0,5 % - 1% Risk-Reward: 1,71 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
AMAZON - BLUE TRENDING LINE NICE LONG ENTRY POINT - AMZN - 30MNAMZN price is following an uptrend at the moment. The blue line being the support of this history happening at the moment. The gape will be probably filled before observing another push up, the blue line have shown in the past that when the market comes to it, it pullback in other direction. The blue line is probability, therefore, an amazingly interesting entry point for a long direction trade. Levels, potential and hypothetical are market with respectively straight lines (Red/Green) and dotted lines (Green/Black). This give you some to work on to prepare your own charts for next week.
NASDAQ:AMZNLong
by Diallo_Charts_Ideas