Yes Yahoo is in long term uptrend channel (except the Dotcom bubble) But seems like it has hit a channel top resistance.
If the green channel is strong with strong support at around 0.8xxxx, and Jan 2015 finishes as a monthly DOJI, there might be a silver lining in AUZY dollar!
If price can't find the support at blue region, it could continue to plunge til near 0.76530 Or we could see a relief bound to fight back to 0.87950
Home construction ETF has made three attempts to break the 26.67 resistance. Though RSI is showing a potential divergence, rejection by RSI trendline could see this ETF collapse while a break of RSI trendline will definitely see more upsides. Stay tune
On the monthly chart todate, i still see any silver lining in crude oil. I just pray damn hard that it will not fall to 25 which is unimaginable, and for the first time, i hope this channel doesn't play out properly RSI is all time low and i could see that RSi is also trapped in this down trend channel!
The classical textbook evening star is an up bar followed by a doji and then a down bar. I wish to extend it to my unorthodox (out-of-the-box) thinking to consider the last three bar as evening star as well. Besides it is formed just right under 8,20 & 50ema. A follow through tonight will see a short signal triggered. I could see any ground of support if price...
NSC has a strange LS, H, H & RS. Currently price sits on the neckline as a DOJI, i will not surprise if the price spring up to retest the 2013 uptrend line before making a full fledge plunge IMHO.
A break below the rising wedge could spell big trouble for JPM looking back to the similar situation in June 2007
Alcoa will be first company to report earnings ushering into 2015. Just my little speculations on where the direction of gap will be for better than expected or deteriorating earnings.
The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. Top then holdings are Nestle (switzerland), Novartis (switzerland), Roche (switzerland), HSBC (UK), Toyota (Jpn), Shell (UK), Bayer AG (Germany), BP (UK), Commonwealth Bank of Australia &...
Swedish ishare ETF showed that it broke the 2009 uptrend line in Oct. It did crawl its way back to the uptrend line but damage had been done. It broke down again in Dec and if 29.74 do not hold, more bloods to come i suppose Evening star + rejection by 8ema crossed below ema20, pretty bearish indeed.
Shanghai index has been in euphoria state for 3 weeks and finally meet the resistance region from 2009. Unless otherwise the high of the shooting star is violated next week, i speculate 2 potential suppport zones depend on how fast price retrace
Refer back to my post 3 months ago, the vertical timeline was the day i shorted. But i was stopped out when it reverted back to that triangle. Hence by coupling with rejection from 8 & 20ema (arrow) i shorted again. The premium was expensive, i could only afford two. I have exited one at 500, now contemplating to clear the other one.
After XLB broke the uptrend channel in early Oct, price has been engaged in symmetrical triangle consolidation pattern. A break down would be for the bears while an upper breakout could see price re-test the undercut of uptrend channel. I have a hunch that it is going to be red channel moving ahead. P.S. I noticed one false breakout above the upper triangle line...
Potential weekly MACD bullish divergence On the daily chart, it is a steep falling wedge now
CDE bottom in Nov 2008. Since then it has been in Stan Weinstein's stage 1 for almost 4.5 years. And a big spike just happen! I am open for another plunge to average things Lets see
Russell 2000 is not giving up at the moment. Having broken the 2009 uptrendline on 22 Sept 2014, within the next 2.5 months, it quickly form a rising wedge under the resistance uptrendline.