ITM.Trading

ITM.Trading

$POR is holding structure support @ $34.53 after an earnings miss. The RSI is encroaching on oversold territory and the MACD is tightening in on the signal line suggesting a potential rebound is on the cards. Furthermore the candlesticks show several days of elongated wicks to the upside suggesting that bears are beginning to lose control of the sell down.

ITM.Trading

After several strong days of trading $RDC rejected its 0.618 fib initially, and has just failed to push it through it again. This area also coincides with the 200 day simple moving average (SMA), as well as a trend line level. Finally, the RSI is overbought, suggesting that a counter trend trade may be viable. The confluence of these factors make $RDC a desirable...

ITM.Trading

$INFN has displayed bearish technicals by rejection the 20 day moving average in trading this morning. Combined with an already weakening uptrend reflected in the RSI and ADX, $INFN is an appropriate short opportunity. Trade location is reasonable as it has just touched its trend line resistance.

ITM.Trading

$DBD has displayed bullish techicals by holding its 50% retracement level. It did so after breaking its lower bollinger band for 3 consecutive days after it reported an earnings beat. It also held this level during March which acts as an additional level of support.

ITM.Trading

The 200 SMA is acting as support. There is also a level of support below the 200 SMA. Candles have put in a bullish reversal with price and volume picking up on the close quite strongly.

ITM.Trading

Large surge in volume at previous lows coinciding with the RSI at previous lows.

ITM.Trading

$PKY has spiked up into its upper resistance level after surprising the market with a $0.01 earnings beat. The RSI is in an overbought area which coincides with the other tops from Nov-2014 through to Apr-2015.

ITM.Trading

$AIG has put in an outside reversal day near its prior highs, indicating a potential reversal.

ITM.Trading

Despite a strong sell off today $CHRW has still managed to hold its support level instead of breaking through it which therefore implies bullishness.

ITM.Trading

$ITW has failed to break its 20 day SMA and resistance (old support). The price has also put in a bearish engulfing pattern followed by confirmation of that pattern today.

ITM.Trading

After a mere 1% miss TRV has pulled back into a strong support area. It has respected its 200 day moving average three times in the past 2 weeks. In late 2014 and early 2015 this area also served as a support level.

ITM.Trading

$PRU has rejected the 200 day Moving Average twice now after breaking into an upper bollinger band.

ITM.Trading

$FB has bounced twice off the 200 day simple moving average which is acting as support. There is also a level of price support here.

ITM.Trading

The price has rejected a break above the upper bollinger twice with long candles indicating that the bears are in control. The 0.764 fib or $62.73 acts as an appropriate target. A stop above the prior highs is appropriate.

ITM.Trading

Worth a fade for a potential retrace back to the trend line

ITM.Trading

Strength on the 0.764 fib

ITM.Trading

Triple top heading lower

ITM.Trading

ACC has put in 2 days of higher lows and 1 day of a higher high at support levels. This validates these support levels, which include an up-trending support channel, the 0.5 fib and the 200 day Simple Moving Average (SMA). A target @ $43 is appropriate which is the 0.236 fib level.