jangseohee

jangseohee

Mathematically speaking, many professional traders advise to use Log scale chart. This Log scale monthly DJIA chart shown me something which the bear would be very happy! i couldn't see it by using arithmetic scale. The uptrend line has been broken two months ago. As i am a novice trader, please enlighten me constructively whether my trendline is correct Cheers

jangseohee

Daily AXP chart showed that there is still another gap of around 76.25 - 78 to be filled in due course! The volume spike depicts temporary bottom after a spate of selling climax. And i can see two small upside gap to be filled as well. Overall in long term i am on the short side. May need to cover long side for short term profit. Cheers

jangseohee

This weekly chart shows that AMEX has been on the rise since Dec 2011. But each time, the consolidation duration is getting shorter and shorter. The important part is the Gap at around 89 USD was filled with the last 4 weeks of shorting. Next immediate support window is around 83.9 - 85, failing to do that we have another GAP to be filled (i will show it on...

jangseohee

Edwards Lifesciences Corp (EW) has been in consolidation phase since Sept 2010, forming 5/6 of a "Head & Shoulders" market top chart pattern. MACD momentum is getting lower on this last leg of uptrend. Immediate support level will be around 60 - 60.65, failing to hold, it would be a long term down trend most probably. Though it is a Fundamental strong company,...

jangseohee

Apache Corporation has been in a triangle pattern price movement since March 2008 Might be testing 110-113 in midterm.

jangseohee

The famous consumer brand GUESS Inc, has been involved in Triangle pattern since 2005!!

jangseohee

Dear Traders, As this iShare Gold Trust (IAU) mimics the actual Gold Futures price identically, i thought i see sometime in this monthly chart. IAU is right in the downtrend channel and consolidating in a symmetrical triangle fashion. Very soon, a breakout either on the upside or downside is going to happen. I am more bearish as according to textbook technical...

jangseohee

A monthly chart shows McDonald has been in consolidation phase since 2012 forming a slightly rising wedge. Judgement day is about to come very soon as the price is at the end of the congested whipsaw movement. A simple projection of possible upside and downside shows roughly where the price would hit for next resistance or support level respectively. However,...

jangseohee

Dear All, I always like sometime sweet short and simple. A monthly chart of S&P 500 index since 1985 shows that we were only out of the 16 years consolidation since 2013. Using a simple chart pattern projection of the consolidation range of around 770, adding it to the old resistance turned support of 1535, we need the index to hit at least 2300 for this...

jangseohee

Dear Traders, This IBM monthly chart illustrated that ascending triangle has been forming since 1998! The projection target of 75.5 above the breakout is realized. I am in short position now at 205.5 but only 10 shares, :-)