NYSE:SLB has been making lower lows and lower highs for a while, so clearly in a bearish trend. However, with a recent grind and positive earnings report, future looks quite alright. I'm looking for a breakout above ~$45.50, if confirmed with volume i'll buy the breakout.
Hello again,
I am continuing my previous trend analysis on DXY here. Last time I published an idea, DXY was about to break the upper resistance. However, now it has broken above and getting back to retest the previous resistance (now support).
If price closes below the support, I'm going short. This tells me that institutional operators are pushing the price...
Hello,
interesting setup with the commodities (ex agriculture) as EUR/USD seem to be breaking the support and potentially keep digging the hole lower.
EUR/USD and commodities seem to have a pretty decent inverse relationship - EUR/USD down, commodities UP, and vice versa.
EUR/USD retest and fail at ~1.08 could potentially be bullish for commodities. Either...
Pretty good looking falling wedge pattern forming in DXY for about the last 1.5 years.
In case upper resistance is reached and broken through, I will be looking for opportunities at around ~105.0.
And you heard me right, this setup would be a slaughter for stocks... DXY up, stocks down.
Ciao,
nice looking consolidation for Vale. Premarket is showing weakness, but I'm hoping to get back to the zone and trade LONG.
We shall see, but I like the setup here.
-Arnold
Ciao,
pretty distinguishable balance between supply and demand for Abbvie. Looking to trade in the range, stop losses below the potential stop hunt -levels.
Good luck with the shopping!
Looking at Golar LNG next week. Fail to close -liquidity level tested once, hope to break below and activate potential stop losses at ~21,75 (based on prev 250 candle volume profile).
I’ll be putting in buy orders at around 21,20-21,30$. MA20-50 cross may prov support #GLNG
Hello fellas!
Curious about Enphase at these levels. A lot of steam has been blown away from the highs last year, and we are closing the fibonacci level of 61,8 which to me is veeery intriguing. Daily MACD seems to be also recovering from the lows, supporting the thesis for long position. Daily 100EMA is also supporting the price action.
I set the stop loss at...
Purely technical analysis based buy-point here. We can see a clear demand zone between 21-22 USD. Unfortunately, the weekly 20EMA was just backtested and got rejected, which ultimately led to declining price action.
As all the signs are not there to be 100% sure about the trade, I set the stop level at 21 USD, which reduces the risk of this trade going...
Geo Group may have a somewhat bright future ahead of it, while it is definitely not great for society. As Geo invests in public and private jails in U.S, it benefits from increased crime rate. You can find it on google, believe me it’s growing. And a lot of this can be seen on social media as well.
When it comes to TA, Geo got rejected from the Fibonacci...
