jangseohee

jangseohee

DJIA has made an intraday high of 17161.55 but one of the components UTX is a wayward child. The UTX uptrend channel ended with 3 times rejection of price @ around 120. Subsequently, the price commenced its downward movement (shown in current red channel) and retraced to the 109 mark, again multiple rejection at 109. For next few days to next week, if bull doesn't...

jangseohee

Comparing EURUSD to EURAUD, the latter has a totally different irregularity than the former. Since EUR started to be traded against AUD, the price was in a elongated pentahedron consolidation until Aug 2008 in which it took a 4-5 month buying frenzy which then developed into a long term downtrend channel as shown in the red. The price will continue to plunge,...

jangseohee

Dow Jones Transportation is making higher high and record high! The reason is simple: Fund from the QE is used to build as many freight infrastructure as possible causing stocks like Fedex, and all the railroad related stocks such as UNP, CP, KSU to over premium price What would happen after Oct when QE is officially gone? Perhaps QE 4 is in the pipeline...

jangseohee

Avago Technologies - a Singapore based company in semiconductor sector which is part of Nasdaq Composite, SMH & XSD (ETFs) has enjoyed a nice bull run since Nov 2009. This week, it has broke through the upper uptrend channel with a big bullish bar but without any evidence of volume conviction. It might shoot higher but the reversal will be hurtful i suppose.

jangseohee

This is the monthly non-perfect channel chart of EURUSD as far as the data is concerned. A simple math shows that the mean area is around 1.20 - 1.22 which has been tested as S/R zone or broken a handful of times. Since the climax of 1.60 which serve as a turning point at the resistance of the upper uptrend channel and the onset of downtrend channel, EURUSD has...

jangseohee

GS seems to have affinity to this 180 level. Candle formation will give a cue to whether to short or long very soon into southern or northern hemisphere, better with the help of volume indicator

jangseohee

Based on the current uptrend channel, does it mean that the resistance sits at 90.0 or there is slightly more room for yet another channel top? MACD & RSI have issued 1st cut warning. It looks like a pistol or loudhailer chart pattern to me, something new

jangseohee

Microsoft has a clean break out from the rising wedge but the volume is not impressive at all. The resistance around 45.45 has been tested for the 5th time and yet RSI is moving lower.. under the RSI breaks out of the resistance shown, else this might be the short term double top

jangseohee

After a pseudo symmetrical triangle consolidation, Pfizer are in the process of Falling Wedge. Perhaps we will find out tonight whether the weekly bar can break the upper wedge resistance or fall further Overall still a long term short

jangseohee

Symmetrical triangle consolidation for Visa since Mid-Jan.. Momentum in the indicators are weakening.. It will be a weekly candle end of tonight

jangseohee

Price has been rejected twice at the resistance of around 5658, first by shooting star follow by evening star 10 days later. Market has closed in Sydney. So today is the follow through of the bearishness with yet another big red bar! See you at the bottom of the channel

jangseohee

Ever since S&P 500 index bounced back strongly from the recent sold down, the price has been flirting from 1991 - 2011 (20 points range) for the past 8 days. To add salt to the wound, especially for the last 3 trading days, bull was in full control for 1st but kept losing to the bears, and finally last night the so-called psychological point of 2000 was...

jangseohee

AMKR kicked off its exponential move in mid Feb, had a one month consolidation in Apr-May and after broke out from 7.50 with 3x the volume, it has sky rocketed all the way to 12 plus. Until a textbook "Evening Star" issued a stern warning at the top. Technically, a tick below the red bar was enough to trigger "Short signal. However, it gapped down from the open,...

jangseohee

After reaching an intraday All Time High 3 days ago.... the minutes after that told different story Things started to turn sour, without the "Group of Institutional selling", the price of AAPL will not drop that fast As if there is a conspiracy to mass sell at 103 USD. (My monthly AAPL MACD already warned that before the massive selling) Last night, after a second...

jangseohee

NKE has been enjoying this long term uptrend channel since a bottom in 2000! Within last few months or so, two attempt have been made to pierce through this channel net but fail. In turn, it developed into a nice ascending triangle. Though MACD is increasing but the strength is much weaker. My MCD post encountered the identical scenario slightly earlier which...

jangseohee

Cheniere Energy started this parabolic move since Oct 2010. Klinger Oscillator which is a long term indicator showing the opposite and is moving down. 84-85 is the price to go short, stop loss 90

jangseohee

Dear Fellow Chart Technicians, AAPL shown a Bearish Bar last night. Dump money will blame it on news while smart money will laugh because the price it uptrend upper channel resistance. This is substantiated with Institutional Selling of 2.5 times normal volume. Intelligence trader would be laughing also as their shorts are propelled downwards! Chart is more...

jangseohee

15 days ago, i posted a Monthly AAPL chart where MACD Bearish Divergence issued a warning of higher high in price but lower low in MACD indicator. MACD may be a LAGGING indicator, but the divergence should not be ignore. (Head of to Gerald Appel) The day bar is not formed yet, if the price can close just below 100.00, and the riskier bear can start to invest on...