Price level of PEG has corrected downwards from a upward trend. With Support at 42.47, Macd histogram already in negative territory, it looks like a higher low will be form soon. I am looking to go long at around 43.40, placing my stop at 42.46. I will be targeting that it will break the most recent high to reach 47.10, and depending how it goes after getting into...
This is a view based on technical analysis. USD has weaken quite a bit for the past two months and this NZDUSD pair has since gone up for the past two months. It is starting to show it is tired from it two months run up with MACD histogram divergence. Looking to short this. Stop loss at 0.7491 with entry at anything above 0.7300. Targeting at least 400 pips.
The chart says it all. Our system tiggers a buy and we took it. Profit target and stop loss target are in the charts.
Our system has a trigger on HOG and we took it. Go long and buy at the level indicated.
Overall, markets are looking sluggish and for SCCO, it has hit our trigger to go short. A good risk to reward ratio of 1:2 at least is possible.