After hitting a high of 1260 on February 24, this had a down week, all the way to the bottom of this channel at 1222. It looks like the bottom held as support and the pullback should be completed. I look for this to end this next week between 1240 and 1250. That should just be one step along the way to 1280 in about two weeks.
50-Day moving average was a tough resistance until the breakthrough on November 11. After retesting and confirming that line as a new support, it now sits close to that line again. I'd look for this to get another bounce, possibly up to around 13.30
Looks like a cup and handle might be forming on the 60min chart of JNUG. Notice the top of the cup being 7.00. The bottom of the cup formed at 4.00. I expect that the handle will bottom out soon at 5.50 (1/2 the depth of the cup) before heading upwards to a possible breakout around 7.
I'd look for an entry at 5.50 if XAUUSD shows some strength.
PEP has been consolidating after its recent run up. I look for this to spend 1-3 more days bound in this flag before moving upwards later this week.
I might look for an entry on Wednesday around 104.30 with a Stop Loss at 104.
On August 9, MSFT hit a high of 58.50 with an RSI of 76.
On December 22, the high mark was 64.10 and the RSI was 66.
This divergence between price and RSI tells me that the trend upwards that started in March of 2009, might be due for a reversal.
I'll be looking for another bullish move between 58 and 60 to get back in because I expect upward movement this...
Divergence between Price, RSI, and Stochastics seem to be pointing to a possible reversal soon.
Notice the divergence in July 2015 and September 2016 on the Weekly Chart. Price makes higher highs while RSI and Stochastic RSI both make lower highs.
Headed down from here. Could be due for a gaint move after hitting the bottom of the channel. If it remains bound in the channel, it should hit bottom (about $52) between April 6 and May 5, then turn upward towards $70+ in June or July.
It will likely take some sort of major catalyst to get this guy to shoot upwards again, but it if does, the triangle pattern could net a 44% profit.
Two giant moves within the last 4 months.
Keep a close eye on this.
After a 21% fall since Mid-November, I expect PSTG to find support around 12 based.
There are several signs that look like a reversal is due soon. Now, just waiting on price action to trigger a "buy"
If the pattern stays symmetrical, a good purchase might be at the beginning of January around 2.80. Then, one can ride that purchase up towards 3.10 in early February. (10.8% Profit)
This would also be the 6th test of $3 since May 2016. Should be ready to breakthrough at some point.
