Today this stock ran up for +6.37%, which is quite strong movement for any stock. But important moment about this run are volumes, which were extremely low, especially for such a strong movement.
Above there is strong resistance "cushion" between $8.5 and $9.3, which was broken on 01/23/2014 with highest ever volumes, so this one would be strong resistance.
I...
In the points A, B and C we see highest daily volumes. As we can see price has been dancing around $741 price level and didn't go in either direction. It seems like big players are accumulating their short position. I suggest to put SELL STOP order at $738.5, with SL = $745 and close position piece by piece at $727 (+1.89%), at $720 (+2.83%), at $711 (+4.05%), at...
On Daily timeframe we can see very high Volumes, while price change was very, very small. As no professional player is going to buy stocks when they already are high, it should be short position gathering, so I would expect next week these stocks to fall down to the bottom.
On H4 chart for GBPUSD RSI is targeting lows, the price level itself stays lower then previous high for RSI, which signals that trend has exhausted and needs some correction to gather some powers for the next wave.
The "strongest" level seems to be near Fibo 50%.
EURUSD short trend continues, there was very small comeback on the pair after good movement related to FOMC data, so it is good moment to go shorts on this pair.
in 2009 (first week of August) pair rebounded from this level, last week and this week we see bulls trying to take over it, but yet they don't succeed. As bullish trend is exhausting (if not already exhausted) it starves for correction to continue its rise or begin its fall. Any way, 1.37 is strong resistance level (and it is round one :)) and price is near to it,...
Price is testing last weeks minimum, it seems to be a good point to open short-term long position, to catch the moment the price bounces back with a stop @1.352 and take around 1.363, although trailing might be better option for this time.
Since 2010 Silver came to 18-19 price zone 3rd(or even 4th) time. Will it break through and renew 5 years low? I do not think so, or at least i hope it won't manage to break it. So long position (stop order) @18.9 with stop @18.00 and take @25.00 (38.2% of Fibo) is my choice.
On a weekly chart we see divergence between price chart and Awesome Oscillator. EURUSD has already started its falling and AO still shows positive value. It means that price will continue to go further towards 1.35 level, which is also 38.2% Fibonachi level. Although there might be correction for the pair this week, so limit short order @ ~1.3695 with stop @1.3750...
Before continuing its downfall, EURUSD will enter correction. On H4 timeframe chart there is clear divergence between price chart and Awesome Oscillator. MA 50 is also far from MA 200. Consider buying at 1.36 level with a stop around 1.3580 and take-profit at 1.3680.
