It looked to me that the neck line of this weekly H&S has been broken. There is still another layer of major horizontal support zone around 73-76 where a rebound will definitely test the resistance line again. Major uptrend is over. Right now price is threading in the thinner downtrend channel. Next minor support is around 63.
2 days ago, when price was rejected by downslope of 20 EMA, my short position at 74.5 was triggered. Stop loss at 75.4 where there was a minor resistance. Seems like a variant evening started at 200EMA level but price closed below 200EMA with increasing volume. Profit target will be 70 which coincide again with the S/R zone between Mar-Apr This SPDR S&P Oil & Gas...
Apple is consolidating at current top in hourly chart!
This gold mining stock has been battered, bruised, humiliated whatever destructive term you can associated with it, ANV had borned and gone through all suffering from the helm of 45.9. Seems like the wound has healed with a break out supported by 2x the normal volume. Immediate resistance to be surpassed is 4.07, breaking that will be the onset of an uptrend...
This mining stock has the potential to have double bottom. After breaking the long term resistance line, the price was bound by a new mid term downtrend resistance line. Yesterday it closed as a doji at this support level. One tick above the high of the Doji would trigger my long position. My two favorite lagging indicators RSI & MACD are showing bullish...
After exhibiting Twin Head & Shoulders , HF is on its way to next support level at 26.2
Shares of Tesla gapped down and run southwards on Monday morning from what is normally considered a bullish continuation pattern. Theoretically in technical sense, this tight consolidation throughout the first half of September is what most technicians would consider a bullish pennant that traditionally resolves itself in the direction of the underlying trend. But...
This index has been in a very strong uptrend channel since Jun 2011 which is characterized by clean bum and run V shape reversal whenever it touches the support. And only 2 major RSI bearish divergence previously are able to bring the bulls to the lower support, now that the upper resistance again rejected the advance substantiated by yet 3rd RSI bearish...
Q’s have broken down from this rounding top pattern on the break below this horizontal support line around the 99.00 level (now turned resistance) Unless the Q’s manage to regain that level soon, or i am anticipating for a move down to at least the 94 area, a drop of about 4.4% from current levels.
Following my earlier post on AMKR, it has broke down of the bear flag continuation patten. Stan Weinstein's stage analysis shown that AMKR is engaging in Stage 2 downtrend. 1st profit target is around 8.63, failing to do that, it will plunge all the way to the channel support of 7.33 which coincide with the breakaway uptrend GAP back in May. Stay in short, the...
The ramification of being rejected twice at 1.60000 was disastrous. In this downtrend channel, 2 bear flags have formed, and the 3rd bear flag is almost complete Is it possible that EURUSD becomes almost the same? Everything is possible under the sun. If it find strong at current level, then the bear flag will be the first false flag.
Amphenol recently inked a definitive agreement to acquire the Casco Automotive Group for about $450 million in order to augment its presence in the automotive market I used to listen to these "expert" but now, with MACD & RSI depicting distribution phase in this consolidation range, i will do the opposite, STRONG SELL!
3 weeks ago in 23 July, FB gap up to the upper channel resistance and retraced to almost where the breakout began (71.3), subsequently, it proceed higher and eventually broke up of 77.5. However, a MACD bearish divergence has warned investor not to listen to news time and again. This false broke out trapped the bullish investor. Possible target is all the way back...
This Vanguard ETF tracks the performance of world indexes (excluding US). It is not hard to see that it has been ranging for 3.9 years since 2010, which indeed is true for almost all indexes. If the narrow uptrend channel fails to hold, majority of the market (ex-US) will have a correction.
Although the complete Sept candle is not formed yet, the price has moved to upper channel resistance. Momentum is going up but RSI has given twice bearish divergence, Getting ready for candlestick pattern sell signal which will be substantiated with RSI not able to break through the "Blue" resistance line
This S&P Energy sector has been bruised in 23 June since the initial let of mid-term downtrend channel The upper channel (resistance) was tested thrice but didn't break through. At the end of last Friday's close, the lower support channel was tested thrice too! I foresee it's gonna be a pretty strong support level as complement by the horizontal support zone. The...
Europe's leading Blue-chip index for the Eurozone, provides a Blue-chip representation of supersector leaders in the Eurozone What the h...?? Super sector leaders or Losers? Other than the "end of the world panic selling capitulation" that deviate out of the channel twice, these Blue Chips are having dangerous 20-25 years Titanic incidence in long term downtrend...