Yesterday I was analyzing 4-hours timeframe where I mentioned series of lower highs (sellers in control). Today, it broke down 1.67800 important, intermidiate level of support which acted like resistance before with nice "h"-pattern (pullback trade). I keep my TARGETS at 1.67000 and will continue to navigate this downside action. Check my previous thoughts in...
Two weeks ago sellers managed to break down uptrend line that is in tact since NOvember 2013 but buyers regained control as price is above all key moing averages on Daily timeframe as well as intermidiate 4 hours timeframe. Now, it is building upper level base in front of intermidiate down trend line. Recent lower highs and lower lows tell us about weakness in...
Whirpool sitting on its 200 EMA , below all key moving averages. It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support. I put...
This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area. Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market. I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped...
The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here...
I see nice Head&Shoulders pattern in USD/CAD with neckline at 1.09030. Moving averages curling down means that sellers keep preassure and control on price. Break below neckline which is our support could lead to further follow through. My intermidiate target is 1.08600 close to support zone. Stop could be placed above 50 MA which follows price nicely.
Gold bounced from lows where we have strong wedge support, built nice bull flag and resolved to upside. I see some buying signals here. My plan is to trade Long close to support lines at $1292.62 then $1290.65. Resistance at $1296.37, if buyers will manage to pull it through than we can expect some follow through to next resistance at $1302-05 area. Good numbers...
Yeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action...
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ...
Market is choppy in 2014 with lack of continuation moves both sides. So, theme of the year is stock specifique approach. I am looking for strong stocks, buying pullbacks and support. Intel is in strong uptrend since the beginning of 2013 year. Now, stock is wedging. Support at $26.00 could be our stop. Next resistance (target is $27.12 double top) If it will...
All metals are green 1%-2% and Gold is not exception. Tension in East of Ukraine add fuel. It held support and broke up wedge on short term time frames. It reached down trend line - doesn't mean it is a sell, just DON'T be TRAPPED buying here. I want to see small pullback/consolidation before continuation to next resistance at $1315.5. Check my Idea on Gold in...
Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since...
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up. Check out my recent idea "cup and handle" to figure out my thoughts.
The S&P 500 just broke up consolidation that was theme of year 2014. Yeasterday, sectors that were recent laggards (high-beta, small-cap) showed relative strength. Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape. This solar company attract my attention. It was wedging...
This retailer had couple dissapointing earnings before, but on the last it beat above consensus with EPS surprice 0.11 and gapped up with pivot support @ $7.00 that was confirmed and retested in the mid of April. And from the beginnig of May it is building nice upper-level base in front of resistance $9.30. Yeasterday, it broke up tight consolidation which...
On Daily chart pair entered into consolidation after move up on QE form BoJ. On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down. Stop above 102.150, Target...