There is always a coincidence when a big event cause a market massive move in up or downside When Hang Seng Index broke the 25000 market with big green marubozu bar...the student knows that only a massive Protest at the CBD would be able to send the index tumbling.. Oh is it? Ain't the double bearish divergence give stern warning in advance The index gave away 10%...
Remembering the Forest picture... Sept 2014 is gone, another completed monthly candle to continue the story 8 days ago when Russell daily chart shown a broke of long term uptrend line, i am graceful enough to extend it til the end of the month (using a log scale) However, it seems that on monthly basis, Russell 2000 is making a full clean monthly break of uptrend...
Using a log scale monthly chart of S&P Midcap 400 index, the green uptrend channel is extended all the way from the inception from 1992. This is a valid long long term uptrend. However, for the last 4 months ever since the price broke through 1400 psychological level, it wasn't able to make a gradual increment towards 1500. And the monthly closed showing that...
This shoe-makers has its unique way of making price action. Never at all on a monthly chart, i can find any sort of bearish divergence to help me enter short. However, there is this one characteristic that surely is noticeable. Every single time the price reached a euphoric state, it will consolidation from 1-4 months before it freefall. I would like to be abit...
When LYB has a second top on 19 Sept, with 2x the volume and MACD showing bearish divergence, it triggered my buy Put options @ 114 expired in Dec 2014. Minor support is 108 but i am looking at the 103-104.5 rising window as the next Bull/Bear checkpoint to take a cue whether to take my profit. Apparently it engages in narrow channel downtrend now. Adding salt to...
While ABC are consolidating (Distribution phase), RSI & MACD are sneakingly making lower high. So my short order is 76.99, take it or leave it
Civeo Corporation, which provides housing accommodations to oil-drilling companies, announced on Monday that it would not pursue a conversion into a real estate investment trust, or REIT As a result, investors felt betrayed and pissed to the max. The price gapped down from 25.5 and after a little support @ 14.70, my short entry at 14.69 was triggered. The next...
LGF created a bear trap by turning bearish on 19 Sept. However, as the second bottom was created with a Hammer and Bullish MACD divergence, i become optimistic. 31.06 - a tick above the hammer was triggered, (stop loss a tick below the low - 30.75) To minimize my 3K risk, i took profit at 33.0 at exuberance seems to creep in with resistance level
After the last gap down and plunge all the way down to 15.05, price of BLMN seems to slowly crawl northeastwards. Momentum wise, 8ma & 20ema are curled up and if the MACD blue signal line is able to break the previous MACD resistance (a down hand sign) then the first immediate profit target to look up for is 20.5.
A mid-term trendline from Oct 2012 has been broken on end of July 2014. Price attempted a retest but was rejected by the support turned resistance trendline as well as cushion between 8ema & 20ema Currently, it formed a triple top and price just hang on 60.54. A break below that would signal at least a mid-term bear market with first target profit of 55.5 and the...
Logarithmic scale Russell 2000 index
As a amateur chart technician, i am having a dilemma on the current situation of Russell 2000 index. From a weekly chart of Logarithmic scale, the long term trend line extended from 2009 has been cleanly broken which signals the end of the uptrend, the price might do one of the three things, up, down or sideway. However, from a weekly chart of Arithmetic scale,...
APC is living at the edge of this lower support channel. 2 condition will trigger my short position: 1. rejection by 20ema 2. bearish candlestick pattern.
In a downtrend channel or Moving averages, any price rejection or bearish candlestick pattern is a sell signal. My sell order triggered at 95.5 after the price move lower than yesterday's close, first target 87.4 (look to the left)
The neckline shown a clear cut resistance and support for the highlighted area. In a downtrend, when price retraces back to the area between 8ema & 20ema, any candlestick bearish signal can produce pretty reliable sell signal. After two high spin doji, i shorted at 132. Taking 50% profit last night. Now, price will try to retrace back to 20ema again, any rejection...
One of the strongest stock in DOW 30 components where the price is trading above 8ema, but showing signs of tiredness.. with MACD & RSI bearish divergence. I am lurking behind the bull to short...
In this real chart of HAWKB, I saw that the price gapped up twice.. MACD is showing "sign" of bearish divergence.. and i just bought a Mar 2015 put @25 with 100 dollar just to test it..
CAT is in Topping H&S pattern since Apr 2014. The thick neckline holds the key to future movement of this stock. Albeit it look bearish in price, but MACD is showing some sign of bullish divergence.