This stock continues diving though with less momentum than during the first dive sequence. You may think about some shorting on this stock until it reaches the 400 level that I consider as a psychological boundary where fear must be reassessed. The 4H chart with Ichimoku is for sure bearish. There are no real signs of a strong reversal so far.
Ichimoku on 1H chart as shown is nearly ready for a sell setup. Waiting on Kijun traversal of the cloud. Note that in higher timeframe (4H), it's still in the upper part of the cloud (so basically you would not enter a short) however the Kijun was just broken by the PA so we may expect a downtrend towards the upper part of the cloud. You may want to have a look...
Ichimoku indicates we are on the correct side for buying gold. Only blocking thing are these R/S that were observed in autumn 2015. They need to be broken first before issuing a long entry. First TP could be at 1128 which was a significant level of the Senkou Span B a few months ago, next TP is 1137 which was another cloud level. Analysis on Renko side indicates...
First of all, essential information that affects this pair: Central bank officials have tried talking the currency down to little avail. The central bank warned on December 30 that it could intervene. At the end of last year, the euro was at eight-month lows against the krona (`SEK9.12). The Riksbank is steeping up its efforts. (www.marctomarket.com) See...
Ichimoku shows that the PA is heading towards the not-so-thick cloud to break through and maybe reaching a bearish status. However it must go through several supporting layers as shown on the Renko chart. With usual Ichimoku checklist in mind, the lagging span must also break through the PA (thick candles at the current location), Tenkan and the Kijun. If this...
"Chinkoullinger", the term is not mine but from a french trader "Robby Scalping", well it's a mix of Bollinger with two standard deviation and Ichimoku clouds. The BB bands can be seen as a kindoff secondary cloud to evaluate the lagging span behavior. What's going on for the next week in this exotic pair? The pair has just broken the summer 2015...
The pair is currently bullish and will soon reach a level that it tested back in the mid of December. If it breaks this level, it may head towards the next Fib level (4.438). Note that the cloud is steeper in this new attempt and the PA may have enough force to break through. In this case, a long entry could be foreseen.
Renko is fine to check support and trend as it removes time from an already too complex equation. For the EURPLN pair, we clearly see the supporting diagonal for the last 8 months. We also observe that the bounce of this summer is repeating right now with a similar intensity. By copying the pattern of this summer, we may expect a small correction towards the (C)...
Chipotle still heavily subject to E.Coli cases. Many comments on various sites indicate that restaurants are significantly less frequented. Some are even empty with 4 people instead of a full room... Situation should not be clearer until earning report at the beginning of February, most analysts expect a sharp results drop. Expect the stock crash to continue in...
An attempt to apply Guppy analysis (www.youtube.com) to a JP stock hold by a pale of mine. Thanks to GcNaif for the Pine script. Basically, we have two sets of moving averages. The "traders" (green, fast MMA) and the "investors" (red, slow MMA). When the ribbons are wide, that means that up/downtrend has a sustained rate. When ribbon is compressing (lines are...
Intraday short opportunity ? PA is testing the pivot of the uptrend channel. With a Fibo channel, we clearly see the oblique resistance lines. The pivot has been rejected twice in the past and then broken with a nice upward movement. But now the PA is again in the lower part of the channel. It has just rejected the pivot again and I expect it to return to the...
Experimental... Idea came up by reading this article: jbmarwood.com By applying screening with Finviz and proposed criterias, you end up with a dozen stocks. finviz.com I picked one of them, ROVI was among other candidates (I also chose MEMP). ROVI renewed a license agreement with AT&T. Article focuses on volume and gives some hints: The best strategy I have...
PA is currently filling an uptrend channel. PA has been supported by lower channel side and is currently testing the 3/4 lower regression line. If it breaks it, I expect the PA to join the middle line. Idea is to open a long entry as soon as the intermediate line is broken. TP around the middle line level.
Renko chart makes identification of key support/resistance easier. Moreover one easily sees that they tightly fit with Fibo levels. We are currently in a downtrend towards the main year support which was tested in spring and in fall. An investor may be interested to enter at the 97 area, this would be a fair price for a stock whose average target price is 128.3...
Prior to 3th december, EURJPY was in a steady descending channel. This channel was suddenly stopped by Draghi and it then resumed at the same pace. The magnitude of the waves and the slopes of the two channels are very close. Therefore I expect the PA to slide against the lower band of the channel like it did in the second half part of the first channel, opening...