This is what I see for $FB! Bullish - Potential breakout above the bull flag formation. MACD, RSI, MA are in a favorable position to the upside.
This is what I see for S&P 500 Spot.
This is what I see on GOLD. Weekly vertical crossovers on MACD is a strong sell indicator for GOLD, but it has that 1290 area support that held really well in the past. If it goes below that support level, we could have a really nice, low risk short play on GOLD. The target would be much below at around 1200 level and the stop loss will be above 1295, or 1300...
Nice Bull Flag Break Out on the Shanghai Casino Data. All the indicators, chart patterns, & moving averages say nothing but Bullish. Earnings coming soon too. Personally, I'd like to see a little bit of pull back to test the 200 MA for buy opportunities.
Nice Bull Flag Break Out on AMZN. Recently broke above 200 MA and nicely retested and rebounded. With the general market going up, AMZN shall go up making higher highs and higher lows. All the indicators are Bullish as well. Will be looking for buy opportunities on the first 1 hour pull back.
Oil has had a nice bounce from the Jan 2019 lows, and I believe it's time for a little pullback. This 59.60 - 60.00 area is an important pivot point, exactly sitting at the Fib 0.50 line, which will prove very hard to be broken. We consolidated in this region back in 2015 and fell hard. Remember that we are in a secular bear market, and this up movement from the...
Wow!!! What a crazy move today. Google & AMD partnership. 11% up, huuuuge full marubozu candle straight through the big resistance area around $25.50 like nothing. 5 EMA crossed over 10EMA and 20EMA. MACD signal line just crossed over, RSI & STO all looking bullish. I personally like to see a gap down and test the previous resistance are of $25.50 tomorrow and...
Bitcoin has been in this consolidation zone for couple of months now after the big drop to 3K-4K levels. If price actions can escape this consolidation zone, we could expect bigger moves. I don't see it happening soon tho. Don't enter a trade until a breakout, retest, and confirmation.
AAPL seems to be little overbought at this level. Watch out for that 190 level, 200 DMA for a test and pull back. Short on the pull back. Look for candle stick patterns and upper shadow.
I think we have a text book H&S neckline retest and bounce from Fib 0.50 level.
Short term price target @ $250.00, which TSLA found significant buyers and formed a support previously.