Fedex Corp is moving within a steady rising trend on all charts – monthly, weekly and daily. There have been gaps in the upward movement over the recent sessions. The RSI is in the steady trend, with no signs of divergence. This means the upward movement continues following correction. As the previous correction was flat, future correction is expected to be deep....
After sinking to USD 14 in October, Ford Motor Company shares abruptly recovered and are consolidating under the USD 16 resistance level. The current pattern on the RSI chart shows the trend is gaining momentum. The USD 16 mark can be expected to be breached, with movement towards the upper limit of the band in order to plug the gap at USD 17.
My forecast...
The share has been in a downtrend since July 2014. The movement did not gain momentum after a gap to the downside that occurred in October. Prices create gaps moving near the $34 level, which indicates that downward movement is petering out. A head-and-shoulders reversal pattern is shaping up on the daily chart. If the name closes the week at $34 and the $38 level...
Bankatlantic Bancorp left the triangle in late September, but failed to give rise to a trend movement and moved sideways. If at the end of this week the price $16 will stand and will return to the level above $17 next week, double bottom pattern will form a buy signal.
Movement target is to repeat highs at $22
Continuing upward movement pattern in a 120-140$ range is formed on a weekly chart of Boeing Company. Chart of RSI rose above the 50 level, forming a double bottom reversal pattern. It is expected that the downward price movement will be bought on the level of $125 to break the pattern figures upwards.
First target is to repeat highs at 142-144$
Stop-loss – lower...
