SteveEnnom

SteveEnnom

The main bullish trend has been broked the last few days and, since Oct 17, EURUSD headed towards 1.43 with 50 and 200 EMA that are close to crossing in the 1h chart. A crossing of the two would suggest a continuation of the already marked bear channel that could take the price to around 1.43. Such a target price could be supported by nowadays Eurozone issues...

SteveEnnom

FTSE Mib is deeply retracing since May 2018, after the Italian political election, when the index broke the main trend support as well as the support offered by 50 and 200 days EMA. Since May, the index is down 21% and overall indicators doesn't seem to suggest a reversion anytime soon. MACD shows bearish signals as well as 50/200 days EMA diversions. Current...

SteveEnnom

The support level I highlighted quite some time ago is still playing a major role in $TSLA while SEC is still investigating the company. I think that level will be broken sooner or later. The fact that Elon is still tweeting irresponsively is a clear signal that SEC enforcement was not enough. ***As usual not a trading advice but merely my idea for...

SteveEnnom Updated 

Well, the previous analysis worked pretty well although I thought the price could hit a level lower than what it reached. Overall personal sentiment is that the "up-down" movement will keep going cyclically this time as well. I expect prices to drop once again. ***As usual, not a trading advice, merely my idea for informational and educational purposes only***

SteveEnnom

Wow, quite a mess overall. Hope nobody joined at 380$/sh hoping for a 420$/sh "secured" payout.

SteveEnnom

Mainly due to Turkish Lira $TRY depreciation, EUR/USD cross finished it's Head and Shoulder pattern forecasting an even greater drop in the cross. Possible target price around 1.10-1.11. ***As usual, not a trading advice. merely my idea for informational and educational purposes only***

SteveEnnom Updated 

I've never been a Bitcoin supporter myself although I did some trades on it, mostly to better understand this market and this "commodity" (?). Not being a supporter and not lying about my overall idea on the subject made me "lose" likes and such both here as well as in other social media. I prefer to give an overall correct (at least as far as my idea is...

SteveEnnom

BTC went back into quite a hike in the last couple of days (+20%). Most of the hike was due to three "price manipulations" that made BTC price jump. As of speaking BTC approaches 7800 and this makes 7833 come into play. That level, highlighted in red in the chart, represents quite a strong resistance, rejected twice over the last couple of months. Third...

SteveEnnom

There it goes. As I earlier pointed out TSLA is in a huge correction period both due to unsatisfying financial results and the mess surrounding such a car maker (can it be considered a car maker anyway? Production rate is kind of small to be a car maker). A possible interesting area to watch out for a probable reversal is the red block one. Just around 280$ price...

SteveEnnom

TSLA jumped up at an incredible rate. 12% in just a few days of trading. This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan. Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still...

SteveEnnom

As Draghi is speaking live at ECB Press Conference, the 200 days EMA rejects twice the EUR/USD cross and this time what a dump!

SteveEnnom Updated 

It's quite a while I don't post my idea on Bitcoins. The cryptocurrency didn't move a lot lately with mostly a sidewalk accumulating movement with reduced trading volumes. We are still trading below the 200 days EMA and that means a bearish trend is occurring. At this point, honestly, the cross may move both ways. Overall I'm skewed towards the bearish sign...

SteveEnnom

Here's a brief update on EUR/USD cross. The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support. Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today. Overall the trend seems a bullish one but the macroeconomic situation (Italian...

SteveEnnom

AMZN is in a clear bull pattern with prices trading at the mid level of the uptrend channel. A small correction may be quite possible in the very short run given the "overbought" situation of the Stochastic RSI that will obviously need to reset. MACD shows an uptrend too. My overall idea on the stock is that it should appreciate even more in the medium term...

SteveEnnom

AAPL shows a breakout on both the hourly and daily charts. After the hige breakout of the beginning of May (around May the 3rd) a triangle formation developed and a second breakout (with a gap-up) formed on June the 4th. Current hourly Stochastic RSI shows weaknesses and "oversold" features hence I think there's still room for some grow. A possible further...

SteveEnnom

Current FB valuation won't hold for long in my opinion. Technically speaking, although trading well above it's 200EMA, Stochastic RSI is resetting towards the average area and MACD shows signs of inversion although keeping above the 0 line. Fundamentally speaking the nws about Facebook selling data to other companies than Cambridge Analytica might take the prices...

SteveEnnom

BTC bounced off the main trend support (pink line) for now. Overall figure is in a pretty huge triangle signaling the downtrend is not over yet. Be safe out there ***Not a trading advice, merely my idea for informational and educational purposes only***

SteveEnnom Updated 

Quite a lenghty analysis, worth reading in my opinion. Bitcoin is currently showing signs of weakness. It is no secret (see my last analysis) that it is into a downtrend and the breaking of the bear flag confirmed it. Prices are still trading below the 200 days EMA and that level had been tested at least four times in the last month in the 4h chart. Every time...