This is clearly a downtrend happening for CHK stock, according to technical analysis. If you look at the fundamental analysis side, Zacks Rank says #3 meaning hold. This makes sense because although technical analysis does not effectively work in the stock market, we can still apply the fundamental teachings of technical analysis in the stock market. From the...
Good entry for ZIOP because:
(1) Zacks Rank = #2 (buy (short-term: next 1-3 months)
(2) Zacks ABR (5 brokers last week) = 2.20 (buy)
(3) Zacks Average Target Price = $12.50 (almost triple current price at $4.30)
(4) Broke out of descending trendline
(5) Risk-reward ratio = 1:1+
Research and trade carefully. Peace
Good time to enter CLDX!
(1) rising trendline
(2) Zacks Rank #2 = buy (short-term for next 1-3 months)
(3) Zacks ABR (5 brokers) = 1.80 (almost strong buy); past brokers' recommendations = 2 holds, 3 buys, 0 strong buy, 0 sell, 0 strong sell
(4) Zacks' Average Target Price = $6.63 (more than double current price of $3.03)
(5) Risk-Reward ratio = 1:1+
Let me know...
Hey guys, sorry I haven't posted in a while! I'm phasing in to the stock market because it's not so technically influenced; I like the fundamental side but not so much fundamentally inclined. Anyways, technical points AVEO will go down and Zacks Rank #4 means SELL! Do not long AVEO until it retests the support!
Do your own research. Good luck.
I think USDCHF will bounce on the lower trendline upwards because it has already followed the lower trendline to break upward out of the monthly downtrend. After that, I think the resistance level will be a level to look at for a break of it or not, but I think USDCHF will bounce down temporarily before going up - if it will go up.
GBPUSD is in a downtrend both on the monthly, weekly, and daily. On daily timeframe, GBPUSD has previously broken support, consolidated, broken supported, and now consolidating. I think GBPUSD will go back down to retest support.
Ranging downtrend on H4 plus price is currently at a good structure level. USDJPY may form a double bottom. Stops should be placed near the closest structure level underneath the potential double bottom area.
Different charts show different price action, like my MT4 broker's charts and TradingView's charts. Anywho, on my MT4 broker's chart, I see a bearish pinbar rejection on both the daily and the weekly timeframe for EURGBP. It looks like the pair is in the process of forming a head and shoulder, but I can't know for sure until the price actually breaks the neckline....
Overall short because downtrend. Broke descending triangle down and retested resistance a couple of times. It may retest one more time before falling down to break support.
Good opportunity to go long. USDCAD is at the lower end of its daily range. Bullish pinbar on H1 indicates possible up movement. Stops should be placed below structure level. I don't know how far up USDCAD will go, but always remember to maintain a favorable risk-reward ratio of 1:1+.
