AftabAli

AftabAli

- Treasury yields due for a pull back - Bullish RSI & MACD divergences

AftabAli Updated 

Reversing long to short. Targeting 7120 level.

AftabAli

Gold/Silver ratio @ ATH. As currencies flow into precious metals, we'll likely see this multiple compress, meaning silver will outperform gold.

AftabAli Updated 

Looking for a back fill of the gap earlier this week.

AftabAli Updated 

Looking for a bounce to 9145 on the futures contract. I'd expect the bounce to come sooner rather than later.

AftabAli Updated 

Bearish technical setup with RSI and MACD divergences foreboding a swift drop within the next several days. Targeting the forward 200 EMA level on the daily chart which coincides with the breakup candle high of roughly 3062. ETA to price target of roughly 10 calendar days (2/17/2020).

AftabAli Updated 

I'm not seeing any obvious bearish divergences to indicate potential trend change, but we've stretched rather far from EMAs and oscillators appear to have topped off, near term. Keep the size small and stops tight. Near term price target of $491 per share.

AftabAli Updated 

Long setup on the 30 min charts w/ bullish RSI and MACD divergences. Targeting $218 w/ stop loss against today's LOD (low of day) @ 199.50.

AftabAli Updated 

Bullish MACD and RSI divergences. Targeting $50.70 with stop loss at $47.00. Weekly calls @ 47 strike look fairly attractive.

AftabAli

Macro: Inflation accelerating as indicated by 3 month positive beta on WTI & TRJEFFCRB against 3 month negative beta on DXY, coupled with production in Permian basin decelerating on a sequential rate of change basis Technical: Bullish MACD and RSI divergences, coupled with price action having 3 month secant > 3 month tangent. Entry price of $42.22 with price...

AftabAli

Soft dollar policies pursued by the Fed will likely provide lift to commodities. Coffee has been a leading indicator, as futures contracts have appreciated roughly 40% since mid-October. Apart from monetary policy, technical indicators are also favoring upside with bullish RSI & MACD divergences. This trade has a longer duration than most, with a holding period...

AftabAli

Solid short sell setup with 4.236 fib extension of 2013/2014 range + bearish RSI & MACD divergences Buy insurance with time and it should be a lucrative trade

AftabAli

ABC correction setup, targeting former breakout level of 15,800. For option traders, use etf EWJ as a proxy with May 2020 expiration.

AftabAli

No business being up here, short to gap back fill.

AftabAli

Amazed at how crowded this trade has become on the long side, considering how it's shown decelerating sales and ASP's across every product line except services and wearables; short this over-owned garbage.

AftabAli Updated 

Bullish RSI & MACD divergences on daily charts, inverted hammer candle in place yesterday, stoch bottomed out

AftabAli

Beautiful head and shoulders reversal set up, complimented with bearish RSI and MACD divergences. Break of the neckline around 153.86 should push the stock down to the target of 119.60.

AftabAli Updated 

Bullish divergences emerging in the monthly charts. Price target of 68.30 (breakdown candle high).