ITM.Trading

ITM.Trading

The up-trending support channel, the 0.236 fib and the 50 day Simple Moving Average have all been broken. These levels are now acting as resistance and there is currently no support for RHP at the current level. The RSI is not only extremely weak but it has diverged from the previous uptrend which indicates underlying weakness. The DMI(-) has spiked and the MACD...

ITM.Trading

Successive higher highs and higher lows despite a volatile market highlight the bullishness that is underlying HTA. It has bounced successfully off the 0.5 fib @ 26.68 with a pair of pincer candles which indicate a short term bottom. These pincers also occurred at the up-trending channel support level. A target aiming for the $28.50 level which is the...

ITM.Trading

Successive higher highs and lower lows despite a volatile market highlight the bullishness that is underlying HTA. It has bounced successfully off the 0.5 fib @ 26.68 with a pair of pincer candles which indicate a short term bottom. These pincers also occurred at the up-trending channel support level. A target aiming for the $28.50 level which is the down-trending...

ITM.Trading

Strong overhead resistance has formed from the down-trending channel that begun in August 2014. There is also a fib retracement level @ 41.38 which the price has also recently respected, giving weight to its significance. The RSI has also topped out at a level consistent with the previous high made in late February 2015. Volume is falling as buying interest wanes...

ITM.Trading

$FNSR has held fib support very well in the face of volatility in the market. The support levels include a 50 day Simple Moving Average, an uptrending channel support line and the 0.236 Fibonacci retracement line. Furthermore the RSI is beginning to break out of its range and the MACD is heading into a cross. The ADX also shows that the short term pull back lacks...

ITM.Trading

There are 3 layers of support at the $23 level which the price action has also respected. 1) Horizontal level from early 2015 2) Up trending support level from October 2014 3) 0.618 fib from the Feb low to April high Furthermore the MACD histogram is tightening and the volume is slowing, indicating the potential for a turn here. It is worth noting that part of...

ITM.Trading

A crossed MACD, lack of volume, bearish candle sticks and falling ADX make KND an appropriate short. The current levels offer a high risk-reward multiple as the targets are significantly lower as uptrending channel support has already been breached. A stop above the recent highs (and Aug 2014 highs) would be appropriate for this set up.

ITM.Trading

The break above the Jun 2014 high and the trending upper channel resistance line has been lackluster. After stalling for over a week while putting in lower lows and lower highs KFY has performed weakly yet again. The ADX and MACD have no strength to them. 1st Fib / 50 day SMA is an appropriate 1st target and the 2nd Fib / lower trend channel is an appropriate 2nd...

ITM.Trading

May have a gap up day tomorrow based off the strong volume and direction coming through on the close despite the rest of the market getting faded

ITM.Trading

Multiple indicators here suggest that the stock is range bound and therefore appropriate for a range trading strategy. A break above the high is unlikely giving the softness the price is exhibiting. A retrace back to $42.44 which is the up trending channel and the 0.236 fib is the more likely scenario. MACD about to cross over and the parabolic SAR fast...

ITM.Trading

Price was very soft today despite the strong market. Ascending triangle so be wary of a break to the upside. However given the lack of volume and softness of the ADX / MACD, volume and price action it may be worth considering a short, retrace back to at least $52.60

ITM.Trading

Monitor, look for volume + price confirmation

ITM.Trading

Is currently trading right on resistance but has not broken it yet. Continue to monitor. MACD and ADX suggest it may be time for JOY to give its shareholders some JOY and reverse its long term downtrend. A break could be explosive due to short covering

ITM.Trading

The ADX and MACD all show signs of a potential reversal in AOL. It is also at a triple bottom and the current downtrending channel has just been broken. A stop below the triple bottom and a profit target of a higher fib level would be a suitable exit strategy for this set up.

ITM.Trading

LCI may reverse back to $59.90 based on a confluence of indicators suggesting trend weakness

ITM.Trading

ADX is weak and falling indicating the current down move doesn't have strength behind it. Breaking resistance levels after holding lower fib support MACD has already crossed meaning the momentum may have shifted Stop below previous fib where levels had held would be appropriate while targeting a higher fib level to take profits at

ITM.Trading

Reversal potential in AMBA is strong based on weak volumes, falling DMI+, falling ADX and over-extended and flat MACD. Potential for a retrace back to 66.43. Stop above previous highs is suitable.

ITM.Trading

Performing strongly on a soft day and breaking downtrending resistance