Ape

Ape

Here's the crux of the matter: SD reported earnings after the bell today, and there was not much action after the release. The company presentation before the bell could have a big influence over the price action. This could be the catalyst that breaks the price action out of this triangle. There is a powerful set up to the upside here. One could take a long...

Ape

Please ignore the elliot wave markings on this chart as it is part of a greater analysis of CHK that I have been working on and is incomplete. I will however be mentioning some of my findings later on in this analysis. The main reason I wanted to throw this chart out while it is incomplete, was to point out a possible trade to the long side here. What seems to...

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Rox is a small time liquor company who has experienced an incredible bull run over the last two years. While small company spec plays can be financially rewarding these also carry the highest degree of risk. I will point out that this company was trading at $10 years ago and sailed all the way down into penny land so be wary of that. Now onto the chart From what...

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Vale has been in a 4+ year long down trend. The good news is Vale put in a very strong bullish candle two weeks ago on huge volume, the bad news is Vale has followed that up with a reversal candle after failing to take out heavy resistance at the $9 level. Despite these reversal signs, it is possible for Vale to take a bounce to the upper trend channel in the...

Ape

Here I point out a "W" trading pattern that could indicate the short term downtrnd can be reversing. W pattern will be confirmed if DAL can hold 45.5 on the next pullback. Excellent risk reward here.

Ape

Simplicity is bliss. Buy when price comes down to support. Take profit at resistance. Three levels of both support and resistance for each level of risk taker. Note the change in color where resistance became support and where support became resistance. No MACD, RSI, Bollinger Bands, Fibonacci, Ichimoku clouds. Just old school support and resistance.

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Four months ago I posted a weekly chart in crude, with a clear message to all short term traders out there: STAY AWAY. I also said that crude will present itself with an excellent buying opportunity in the future. I believe that time is now. Many chartists have recognized the similarity from the 08-09 selloff to the selloff seen in 14-15. It is too obvious to...

Ape

From a Fibbonacci standpoint a target of around 1.03 makes sense as this is the 1.618 retracement of the first wave down, a very common fib number in third waves. This current move down that started back in May has all the signs of a 3rd wave. The move has been strong and impulsive all the way down with little sign of letting up. After completing this 3rd wave...

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For over 10 long years the USDCHF has been in a down trend. Lower highs and lower lows has confirmed the trend to continue, however over the course of 2.5 years USDCHF has bucked the trend by locking in a higher low as it takes a shot to crack its' previous high. This is substantial for the bulls as they can now attempt to take out resistance and put an end to...

Ape

For about a year now, give or take, the dollar has been on a historic bull run. As a result the Euro has received devastating hits that will take years for it to recuperate. There are no signs of this down trend reversing anytime soon. Sure we will see bounces from time to time, but any hopes of a serious bull run is just out of the question.

Ape

GPRO has been in a downtrend for over 5 months now. Its backed itself up into its key support line that dates back to the early days of this young stock's IPO. $37 is the area to watch for. If it fails, we will see new lows before we see new highs in GPRO. For confirmation of a reversal I'd like to see GPRO hold over $45. If GPRO can get over the $50 hump I...

Ape

I have identified a bullish flag pattern on DAL weekly chart. Flag patterns are a reliable trading pattern which gives you clear entry and selling signals. Flags are a quick to meet targets usually completing in less then 3 weeks time. DAL had a straight $20 run up from its' lows (creating the pole) and then proceeded to consolidate for several weeks (creating...

Ape

Here is my take on how to trade BAC's ascending triangle. If I were to take a position at the current price of about 15.68 and set a stop between 14.92 (on the tight sight) and 14.72 (on the looser end) I would be risking anywhere from .70 to .90. Say I take a stop at .80, well my target is actually below the previous high ranging from 17.5- 18.0, making my...

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Questions or Comments? Please post below.

Ape

As we close the year with the biggest sell off in the last two weeks, I do believe the market, as it has in the past, will retest the highs before we see any substantial pullback. The market tends to grind higher when it has hit new highs. I would wait before initiating any shorts here as it can be a lot of whiplash around the highs. If however the market does...

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FB is in limbo heading into earnings at the end of January. Two weeks ago it appeared that FB was heading towards $84 after finding support. However this recent sell off is raising red flags. If the uptrend does not continue, we can easily see FB heading to 76 before reversing course.

Ape

Two months ago, gold broke down, or so it appeared. Gold seemed prime to plummet as it broke out of its' symmetrical triangle pattern, however there has been no follow through after this technical breakdown, instead gold has buoyed around 1200, seemingly undecided if it wants to go back up or continue its' downtrend to fresh lows. At this point in time it is a...

Ape

DAL is hands down my favorite airline stock. I can't justify executing a long position here as the risk is to great for me right here. I'm a buyer at 42, I'm a thief at 38. But with oil plummeting, it wouldn't surprise me to see DAL hit 55 before pulling back any significant amount. DAL sits atop of my watchlist