The thick red line that i just pointed out with a big f***ing arrow indicates a really strong resistance area that has multiple confirmations from way past. It looks like a really possible flag formation is forming right now. I would say LONG but what do i know? If anybody wants a good idea, just hold spot for a couple of years. Good luck surviving.
GRT in a serious LONG trend and getting closer to break the daily resistance. Buying from the bottom of the trend would be a perfect entrance to this trade.
I hope that you're having a profitable day. After the analysis i published GRT gave us a great LONG profit whilst the market showed big upwards moves. I hope seeing the continuation of these moves while GRT is on a really strong 1 week resistance level. The breakout of this resistance will result in even more profits for us. I think GRT will be an absolute gem...
MBG showing extreme SHORT moves past couple weeks. We can clearly see a strong band between 50$ and 57$. It seems like LONG positions entered anywhere in this area would generate a good profit. Be aware that this would be a "Buy and forget for a couple of weeks." trade.
The red line indicates a good resistance spot confirmed by monthly price movements. The arc represents the reverse cup and handle that formed in the daily chart. After a wild downwards move BMW came to a good retest area of the this resistance. A good SHORT position is what i expect. On the other hand this area showed bounces in the past too so it wouldn't be...
AMEX stock shows a good bullish moves and came to a strong support whilst forming a bullish flag. A breakout through the resistance will confirm more upward movement.
Netflix stock came to a strong zone where in the past showed great buy and sell moves. The next confirmation (rejection or breakout) will show us the way of the price.
After the breakout pattern i published a couple weeks earlier was successful, GRT formed a great diamond pattern in the time span of 1 hour. A breakout towards the bullish direction would be a sign of great upwards movement.
Breakout of the cup and handle pattern is completed. Following of a retest is possible. After the retest is completed the upward movement will continue if everything goes along.
One of the longest triangle setups i've ever seen a good confirmation on the breakout would be great on a LONG position. The fact that it's on the daily basis spices things up even more.