AMZN down big AH to 801. Previous top and TL support intersect at 787, so I suspect a magnet to that price, and if that support breaks, 760 and 720 are TP. Ultimate scary TP is 650 which would be a double top breakdown target if 760 is breached. Invalidate trade if daily close above 825.
Clear break of 1220 and the bull flag from the bottom at 112x. I think we are in wave 3 of 5 after the ABC correction and will have a symmetrical recovery back into the bull channel from 2016. In bigger picture I think we are in wave (iii) of (v) which will eventually take us 14xx+ First TP is around 1246 which is .75 quarter Fib from recent highs, and also the...
I expect this ihs pattern to fill out over the next few days. Break higher to 1+ I think could bring 50%-100% gains in JNUG as gold goes 13xx+ (current cup and handle on gold daily has TP of 132x). This is extremely optimistic, but not crazy. Invalidate with consecutive daily closes with ratio below .8
I expect a shooting star reversal and to test, possibly break, TL around 2200. Invalidate with daily close above ATH Related, should send gold higher
Look for weekly close below 99.8 to lead to 97.5. If 97.5 breached, watch out below as BB, horizontal TL, and weekly 200 MA are closest support Invalidate with weekly close above sma9
Confirmed evening star reversal and rsi divergence. TP 1 is 2229, but honestly think we go to 2180 Invalidate if daily close above ATH
Earnings just came out and GOOG will gap down tomorrow. With only a few days left in the month, there is a good chance of an inverted hammer/pin bar on the monthly and a possible set up for an evening star/shooting star reversal pattern in Feb. Break below 798 will confirm. Invalidate if today's high is broken to upside. TP 700
Higher lows on price and lower highs/lows on RSI. Spring is loading for a run to 40-43 on GDXJ. Invalidate if make a lower low on ascending triangle, currently 35.71
reversal pattern printing now. Heading to make a lower low on daily chart. Targets still the same. 109 and 104. Former support 113.6x is now resistance.
I will not sell JNUG positions until top BB is pierced on GDXJ. The top BB is increasing in slop and bottom BB is curling up as well. There is some resistance overhead with MAs, but can easily be broken and then no resistance beside previous consolidation levels and tops. Invalidate with consecutive daily closes below SMA 9. TP is pierce of top BB, currently...
We broke and backtested the 50 day SMA, so the 100 day is now the magnet and TP 1. Invalidate with consecutive daily closes below 50 day
Overnight, we had descending wedge on 15 min. There were 3 key buy signals: 1. wedge broke with closing price above trendline 2. RSI divergence confirmation (price 3 lower lows, rsi 3 higher lows and a higher high as confirmation circled) 3. stoch cross and bounce from oversold - circled Invalidate this call with move below channel - currently 1192
UJ continues to consolidate. Eventually will break 115 and target is 113.5-114 Invalidate if daily close above sma9 Gold is highly correlated to UJ right now, so gold should move higher as UJ heads south.
Strong support broken above 115. Weekly sma9 broken. TP is weekly sma200 around 109.5, TP 2 is around 104
Ascending triangle nearing trendline. Should pop higher tomorrow. Invalidate with consecutive hourly closes below trendline
We are testing the .75 Fib today. With a clean break, there isn't much resistance to the .5 Fib around 1230. Invalidate with consecutive daily closes below 1176.4
Clear bull flag break and bull kicker candle. Target is 24-25 where SMA 100 and 200 will provide resistance invalidate if daily close below today's open @ 22.36
Need to break 7-7.20 area, but if we do, targets of 8-8.60 and 10-10.5 Invalidate if break below 5.50