JonathanWard

JonathanWard

Based on the historicity of the market, we've got about ten month before any bears really starts to take effect. Looking at the monthly chart, most bear markets begin in the early/mid fall and last about two years. This year with unemployment being at a 17 year low and relentless bull market in the past seven years, we'll probably get Santa Clause Rally and then...

JonathanWard

Looking at FibR levels of GWPH, there’s been a lot of resistance at the 0.382% level ($108.70). Based on the volume patterns, the bears seem to be piling in, with a shorting opportunity down to the $97 area is +8% gain. The $97 area is also a heavy support line on the daily TF as well.

JonathanWard

Basically X is in a bullish channel, confirmed by the retest on 6/15/17 as support. On 7/6/17 X closed below the channels midpoint, which should have warned investors of a possible lower day on 7/7/17, which did happen. The weekly MACD is still at the crossroads and bearish volume seems to be waning, with bearish volume the being the lowest since 12/26/17...

JonathanWard

ATI is looking bullish on the daily chart, as the MACD has crossed over on higher bullish volume, as of 5/19/217. Based the chart pattern, it looks ATI is attempting to break through the .236 FibR on higher volume, this is the second day with a close above the 9dma. Would like to see more bullish volume to take it the .382 FibR at $17.69 for a 5% gain. Although...

JonathanWard

WGO is looking bullish on the weekly chart, as the MACD has crossed over on higher bullish volume, as of 5/30/217. WGO rejected the 200dma on 5/31/2017 and rebounded over 10% as of today. Although the stock is channeling in a bearish trend, the weekly bullish volume may invalidate the channel and finally break it at the .382 FibR on the weekly at $30,...

JonathanWard Updated 

ACIA has been downtrending since September of 2016 after reaching a triple top from a short, explosive burst from $28 to nearly $130. Just over a year, this communications stock has been tapering off on the bearish volume and seems to be consolidating during the past month, building a potential base. Recent FibR levels from February 2017 until current show a...

JonathanWard

Although VALE is far from its 2008 highs of $44.xx, it seems that this Brazilian mining company has a history of v-shapped bottoms (or at least several days basing). The most recent highs of $11.71 and a bottom of $7.47 show that a FibR of .382 is $9.09, a .5% FibR of $9.59, and a .618% FibR of $10.09 - the relative sweet area of for those using FibR. The last...

JonathanWard

A newer stock (2015) PSTG (Pure Storage, Inc.) has rejected the $9.7x support line for the fourth time and drove higher off of heavy volume on 5/26/2017. Based on the FibR Levels on the daily timeframe, Friday’s close of $12.74 was almost too perfect, reaching the .618% FibR Levels. With a .786 FibR Level of $13.71 and a resistance level of $14.90, there is still...

JonathanWard

Daily MACD crossed over as of Monday (4/10/2017) with higher than normal volume. Bullish volume seems to be higher than average the past few days. Looking at the Fib Retracement line from the most recent high on February 27, 2017 to the most recent low on 4/6/2017, I believe the next short term price target is $28.72 (which is also a resistance line on the daily,...

JonathanWard

Although GWPH seems to be in a bullish pennant since September of 2016, it is currently retesting the support around $110 (for the third time). This may be a great setup to short if GWPH breaks below $110. There is a gap to around $39 that may be filled. GWPH has already filled the 9/23/2016 gap to $109.xx. We shall see if GWPH continues this pattern in the...

JonathanWard

AOBC (formally SWHC -1.17% ) has been in a bearish landslide since peaking on August 11, 2016 at $29.84 and is currently $21.08 per share. On 12/08/16 there was higher than normal volume which lead to a bullish engulfing pattern which may be a turning of the tides in favor of more bullish sediment. Previous support was around $20.5x and the last bull run peaked at...

JonathanWard

On the weekly technical, TSLA has been bearish since July 2015. Expect within the next two weeks that the price will continue to drop and reach a support line of ~$178 to ~$185. TSLA should rebound off of the support line with light volume. If volume is heavily bearish, it will continue down. If prices rebound off of the aforementioned support line, expect ~$225...

JonathanWard

SGY has developed into a in bull pennant, very similar to USOIL. Touched support three times (~$9.65) and touched resistance at least twice. Up into a bull pennant and up out of a bull pennant. Pattern should hold with consolidation over the next two to three weeks (August 29 - September 9, 2016). Expecting a upwards breakout in general possibly the week of...