


Each day the red parallel line isn't breached, the higher risk of the price re-testing $100-$150 USD. Watch this level, nevertheless we're still trading sideways at the moment. A solid break below 1300~1400 CNY is a clear signal of doom ahead. My bias: bearish
Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it. This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside. Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less...
Technicals are screaming for a H&S it seems :) Not a bad place to buy the breakout for a last-fart rally before it gets dumped down to 120~150 (sweet spot) T/P: 250~263.87 Entry: 206.23 S/L: 192.28
As of now technicals are confirming a potential ab=cd that could be formed in NBG over the next few days if the bottom support range of 1~1.23 held providing an excellent 3.88 risk reward. Some upcoming catalyst: -Greece reform plans (April 8~9) -NBG quarterly earnings. 4/2/2015? I think it is quite unlikely that Greece will be leaving Eurozone (yet). Even if...
Looks to keep grinding up, at least for another 6 months in this rising wedge. You can't trade between silver and gold, but its certainly worth taking a look at the key support/resistance. On the break of this rising wedge, I might consider trading some of my physical gold bullion I've collected over the years for silver.
Not too confident of this setup, but worth a try here. Entry: 49.64 S/L: 47.35 T/P: 55.52
Pretty clear by now, Western Texas Intermediate (WTI) have been developing a megaphone-like consolidation since January, 2015. The new lows made just a week ago is positively diverged, without having new lows on RSI which is a big buy signal. Open: 46.61 S/L: 45.20 T/P: 54.11/ 58.77 Dollar analysis: In my opinion, the Baker Hughes Rig count is nothing more...
The euphoria seen on 16th March is exactly what's needed to create a divergence. . We've a bearish divergence in RSI too, breaking away from the trend since May 2014. A pullback to 94 seems likely at this point.
Been watching this level since the start of the year, it seems that bulls refuse to give up IBM. Knocking on the resistance of $164 again and again over the past few months. Eventually, bears behind the door might give way. Open: 164.69 S/L: 162.01 T/P: 178.07 (gaps) Earnings might be the catalyst, I've my algorithmic orders waiting.
Huge falling wedge since November 2014 and we have a monthly support at 37.13 which the price stopped exactly at 5 days ago. What more can we ask from this? :D Open: 37 - 40.35 Stop loss: 36.36 (just slightly below the lows) Take profit: 51.6/ 69.29 (2 t/p level)
Do not pass Go. Do not collect $200 Gold is doomed on the next 3~5 years ahead. A break of descending triangle and the long term uptrend is a dead giveaway. Many more tears waiting to be shed by the die-hard gold bugs. We've not seen a true capitulation for more than 2 decades. Going long via DGLD (3x inverse gold), DUST right now gives perfect opportunity to...
Fully technical trade in play here, ignoring fundamentals. ------Trade------ S/L: 39.56 T/P: 46.69~52 range (with trailing stops when it gets to 46) Entry: 41.01
Developing megaphone on the 4 hour chart & a falling wedge RSI. Pretty good risk reward buy near 1.414 fib level.
An overlay of the chart of WTI and brent oil prices over time, I thought it'll be pretty interesting to share this. How geopolitical and the American shale oil boom is shaping up the differences.
Nokia is looking interesting once again a year after Microsoft's acquisition, a leaner and reinvented business structure. It could present a good long term buying opportunity from here. Significant interest on the N1 tablet in China. ( pocketnow.com ) Record 2014 deals in india involve the modernization of 2G and 3G networks, 4G deployment, WiFi solutions,...
Sometimes knowing the general direction of fundamentals will be more than enough in trading, the charts says everything of what the market intended. News are just meant for distribution of expensive stocks to the average joe. Had a pretty good trade from this :)
-because Carl Icahn says Apple is underpriced by 2x? -because AppleWatch is launching soon? -because of iCar rumors? Firstly, Carl Icahn as an activist investor himself and having invested into Apple shares himself makes his credibility zero. Can you really take this guy's words for real? When is he going to dump on you? Second, will Apple Watch really take off...