NUAN Runs Out of Platform PatternNUAN had a strong run out of a platform and rose above the previous high’s resistance level. This was on a weak market day. PSHI is high for this stock. It has new technology coming this year.
Resistancelevel
JD.com Tests Resistance LevelJD is now near completion of its intermediate-term round bottom formation. The resistance above price is weak with adequate upside potential for a swing or day trade. There has been intermittent quiet accumulation during the bottom formation.
Hasbro Gap HeldHAS gapped up on strong earnings news. The gap is a breakaway and is now in a compression mode. Balance of Power shows some pro trader activity in the stock at this time. The next resistance level is the highs of September. This is a swing or day trading setup.
SYMC Compression Below ResistanceSymantec Corp. was sideways for most of this year. Recently, it gapped up during earnings season. A weak retracement may be a setup for a breakout attempt against long-term resistance. Red line shows that resistance level on this chart.
XBT/USDBtcUsd (3D)
The straight inclined diagonal lines are trend lines.
The dashed lines and colored boxes are support and resistance levels.
APPLE (APPL): The biggest dump in historyAPPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
If Beauty falls in could be beautiful. This is a classic situation where fear, uncertainty and doubt all come together. The situation with ULTA is critical on the weekly and exposes opportunities on lower time frames.
EURUSD Short SetupAs seen from the chart above, the price of EURUSD currency pair has reached a support level and is currently on a strong downtrend.
Retracement towards the nearest resistance level is expected before price continues to fall further.
Do let me know what you guys think.
EURNZD Price Testing Resistance Level, Potential Sell SetupAs seen from chart, price of EURNZD currency pair is testing resistance level.
If test fails, good sell setup and price is predicted to move to nearest daily support level.
Do let me know what you think.
