gNnairdA

gNnairdA Updated 

I'm not too familiar with this sector, but with the fears of a recession I'm giving a slight edge towards the bulls. This is definitely something worth to put on your watch list . It bounced on the bottom support line today and will probably make an attempt to for a breakout in the next day or 2 . If we take a step back on the weekly chart we can see that the...

gNnairdA

It has been a great year for apple but I think we are due for a pullback for the 4th wave. 1) it is moving very far from the 200EMA 2) RSI and mac d hisogram is bearishly diverging, William r% is also bearishly diverging, though it is very small. The pullback head towards the 0.382 ,Fibonacci level where the highers 2018 is located for a good long opportunity.

gNnairdA Updated 

BIP.UN took a beating this week but i think this will create some good opportunity as it looks like a V correction in the making and we can see some signs of a bullish divergence on the r%, though it is very small if you look closely I think it is likely to occur on the golden pocket as it is approaching an area of a lot of residence. If there is signs of a...

gNnairdA

It has been a good year for renewable energy and then we got a sudden pullback on December 11 and 12. I believe the 3rd wave has just ended and we are in the process of forming the B wave of the 4th wave. Once the C wave is formed that will be the time to make an entry for the fifth wave. The 4th wave is likely to be completed on 0.382 Fibonacci region and...

gNnairdA Updated 

Based on this Elliott count we are about to complete a 5th. The RSI and %R is has a bearish divergence as well and they are in overbought ranges. We may see the the histogram still go up, but possibly at a lower pace with a leveling off and then a downtick. Once we see the MACD cross over to the downside this will likely be when the 5th wave ends. If this...

gNnairdA

If my Elliot wave count is correct, then we may be in an abcde triangle pattern. As we can see on the weekly chart we can see a strong reaction to the golden pocket on December 2. In my opinion, the 2nd wave is in an abcde triangle that is in the processes of forming the E wave and once that occurs we will find about to end soon and then we may be headed...

gNnairdA Updated 

If we take a look at this down trending stock we can see lower lows, but if we take a look at the RSI we can see that it is making higher lowers indicating a bullish divergence . The histogram on the MACD is getting smaller and smaller, so selling pressure is getting weaker and weaker. I would not enter right now but wait and see how it progresses as it flattens...

gNnairdA

If we take a look at the RSI and the price action at the hourly we can see several points of bullish divergence as well as on the MACD histogram in addition to its bullish uptick and potential crossover. If we take a closer look at the 15 minute chart we can also see an RSI bullish divergence as well has the MACD bulish divergence and if you look at the MACD...

gNnairdA Updated 

the two indicators show a bullishly diverging macd and RSI . Moreover, because it's currently resting on the support there is a good chance it may breakout soon. If not it may form a falling wedge and breakout at a later date. In my opinion there is not enough downward pressure to break bellow the support but we shall wait and see. This is worth a close look for...

gNnairdA

Taking a look at the RSI we can see a bearish divergence showing signs of a reversal. However if this is not the point of reversal, it may happen in the near future when the 5th wave is completed. We will see a drop on the 5th wave to point A then another drop from point B to C to complete a larger wave 2. This should be a pivotal point , if 2 drops too hard all...

gNnairdA Updated 

Please excuse the messy annotations. This is my first attempt to use Elliot wave . Based on my interpretation we are heading towards the end of a C subwave or the end of an wave 5 of an inverted impulse wave. if it heads towards the bottom end of the wedge and bounces it may be an abcde correction. overall if we take a step back and look i believe we are...

gNnairdA

Looks like this is about to break out from it's ascending triangle MACD histrogram is ticking up and has a cross over. price action is sandwhiched between the 200 ema and the resistance and i would imagine the rising 55 ema would add more upwards pressure aswell. RSI seems more neutral bearish to imo my target is 47.80

gNnairdA

Looking at the RSI, there is a major bearish divergence , moreover it looks like a small head and shoulders is forming. Considering that we have had a super long bull run I would be cautious about longing .

gNnairdA

1)Taking a look at the price action on November 19 to December 5 there is a lower low, while comparing at the RSI there is a higher low, indicating a bullish divergence. 2) the macd moving average is about to cross on the down side as well. Targets- Buy in at 5.20 would had been ideal if I had seen it on December 5th for a possible 23% gain if the target is the...

gNnairdA Updated 

Based on the RSI there is a bullish divergence and the macd is about to cross over. There are many times the resistance around 8 has been tested. I plan on waiting for confirmation for a good candlestick, take profit at 9 ,where there is more resistance and re-enter on confirmation as there is quite a bit of resistance around the 9 level, which could also...

gNnairdA

On the Daily chart the rsi has a bearish divergence on both previous peaks indicating that the bulls are losing steam. On top of that the rsi even forms a head and shoulders aswell . 38.4 seems to have been an historical resistance in the summer of 2016. However, judging from the MACD I don't think there is enough momentum to push it down through 36.6...