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Resistancerejection

EBRO FOODS ... FROM SPAIN TO TEH WORLDI'm very instinctiv when I 'm looking for a good share to buy. I was buying in the shop were I always used to go and then I found a new brand of Pasta. The package was nice, it was an italian brand, I cooked it and it was really good, al dente! So I asked me, why this good and unknown Pasta is now in this market? I made a quick Research and I discovered that behind this Pasta there was Ebro Food a big industry. I personally think that Alimentation is changing, as well consumism. Big industry have to Change their products and target if they want survive. Trying to overfeed people (in europe for sure) is no more the way to improve profitability . If the quantity that you sell is lower, then you have to sell better quality at higher Price. I think that ebro Foods understood this and is trying to expand this type of market and I suppose they will succed. Looking at the Charts we can see that there is a clear resistance around 21.4 Dollars pro Shares- Since April 2016 we rebounded against this resistance, forming an ascending triangle. A break out of this line will rapidly bring the share around 26 Dollars pro Shares. Now we just had a strong Impulse and the shares reached again the resistance. I find disturbing that CMF is decreasing, which could be a bearish divergence. moreover there is some Distribution and no more accumulation. I think that this Graphs explain the Situation. Good products in a uncertain market. In the next months we will assist to an important movement up or down. A catalyst is what is needed. I will try to buy the break out, but for the Moment I stay away from Ebro Food. BIO
BME:EBRO
by FerdiHodler
AMD blue sky breakout or rejection of crucial resistance zone!?AMD has had an awesome run but is currently testing levels that have so far been crucial in beating down price... What price will do next nobody knows but knowing AMD it will probably be interesting! Looking at the weekly chart shows very clearly the two peaks at the higher level and the multiple times price was rejected off the level below that. Going short could be a tactic here IMHO but would most definitely wait for confirmation or preset all entry parameters to fit such an event to mitigate risk. Going long is of course also an option (after confirmation) but only one can be right ;) I must admit a short bias on this particular chart due to the history of this price level!
NASDAQ:AMDShort
by daveslow84
2
XBT BTC Short Position - It is time for a retracement correctionIt is time for a major selloff soon for Bitcoin. All timeframes are grossly overbought and showing signs of bearish momentum divergence inbound. Regardless of the fundamental aspects causing any bitcoin increase of price I highly suspect the technicals and high selling pressures will move this correction downward just as it has in the past. You can also see it's at a critical level of support (green arrows) dating back several months which then transitioned likely into a strong resistance (red arrow). It's unlikely BTC has the power to blast through this level right now. This is not financial advice and is for educational purposes only.
BITFINEX:BTCUSDShort
by WarDaddy
4
potential short on USDJPYHey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish. I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours. So potentially enter around:112.75 TP1: 112.00 TP2: 110.00 SL: 113.50 Good luck traders, let me know your thoughts. Plan your trade, trade your plan.
Short
by Frankyfnz