AAPL will release earnings on 27 April after trading hours. Since i am bullish about the trend, i bought strike price 150 Deep OTM call weekly call option For every 10 call options i bought, i also bought 1 put options at strike 115 to cater for "Just in Case" P.S. Nasdaq and Nasdaq 100 seems oversold. Just bear in mind that every trade carries a risk of losing
If price continue downwards 1. Look at immediate 192.07, failing to support 2. then it will be the lower low at 178.86 Trade way fellow friends
DJTA made a DOUBLE TOP between April of 1998-1999 before the onset of bear market. It made another TRIPLE TOP between May of 2006-2008 before the market crashed. Both of these tops have MACD Bearish Divergence associated with it. Hence i would make a bold analysis that DJTA is making the 1st top of the current market top now. Whether current market top will be a...
It has been 17.5 months since the break down for triangle consolidation was published Aug 2014. The last oil price crashed took 19months before it recovered (July 2008 - Jan 2009) Is history/statistic going to repeat? I think the "manipulators" know it all on 21 March, i had a long and silly glance at this oil chart for almost 1 day, using log scale i though the...
16 years after the head & shoulders top in May 1998, Du Pont's price hit the resistance on the downtrend channel making a distinctive LOWER HIGH. Well supported and confirmed by MACD not making higher high. I foresee that the next window of support is between 40 - 50 in time to come. My opinion is on a short side, but must wait patiently as there is a possibility...
One of those ugly charts i have ever seen after crude oil
Finding a real channel that fits TSLA has been a great challenge to me since its inception. This is because the price propelled so fast that it sort of defies the channel concept. But it is freaking thrill that i am thinking out-of-the-box and just update a channel for TSLA If the right shoulder is really in the process of forming, a break down of the neckline...
Crude oil futures has been consolidating in symmetrical triangle pattern since May 2011. Either it will consolidated further after Presidential Election or... look up for a downside breakout in near term.
When AMKR was way oversold two weeks ago, it seems like the red downtrend channel was about to be defied. Two scenarios can happen if such price action happens. 1. Price will be searching for a new channel (potential light purple channel) 2. Price creeps back to red channel bottom where it broke down. with earnings to be reported in 4 days, if the released...
Gaming sector including stocks like WYNN, LVS...etc have been battered in bad shape BUT... I just learnt that Histogram can give bullish divergence as well although MACD is still making lower low With bullish engulfing candlestick patten at support zone, i am going long for short term pull back profit, first resistance at 47 Entry order: 43.41 P.S. If you check...
M: Gd Mrg Mdm Y Y: Gd Mrg M: For the FOMC tomorrow, i dare you to even drop a tiny hint of interest rate hike, if not you know what is the direction of US indices, aint you Y: Well, as you know my kids needs extra pocket money for Christmas present M: Thanks for the assurance Y: Who has more power? Mdm Y or Mr. Market? P.S. I have taken 75% profit from my...
Ever since the pair broke out of the inverted head & shoulders in Dec 2012. Price never look back. After some struggling, it finally broke the multiple S/R line of 101.3. Both downtrend line connected from Sept 1998 were both broken, it then continue to break the long term downtrend channel top! What a bull If the current steep channel is valid, i anticipate some...
This all important neckline has been there since Feb 2014. Another big down bar could fail it.
Though i am not suggesting you Short DXY and Long Crude Oil immediately, but i can see how "Bullish" the DXY is and how "Bearish" the crude oil is at the moment i expect some kind of spike before a role change :-) P.S. I cant imagine this ratio fits into a downtrend channel so nicely, i should have done it earlier
A death cross of 8ema below 20ema would give higher change to push this ratio to lower end of bollinger band say 83
I know why people are talking about parity now :-) P.S. Thanks to Johan
Though monthly candle is half way in the making... i notice bearish divergence in RSI & MACD but not rule out a fake out to pierce through channel top. ready to short....