Low 1600s / High 1500s look interesting for the long term.
This has a higher probability of breaking to the downside. Levels to watch are marked on chart.
If we can manage to break above resistance we will see a short squeeze.
"Markets can remain irrational longer than you can remain solvent." John Maynard Keynes It's generally dangerous to short such an irrational market but SPY presented a low risk entry today with this potential double-top. She is running out of momentum so I expect a retracement at the very least, if not a full reversal. There are many other signs that show she may...
Bullish divergence and volume only picks up at the bottom which shows retail (weak hands) selling. we will probably see more sideways for a bit and then eventually the sellers will exhaust and a rally will follow. we still have some headline risk but we may see traders starting to buy the rumor of a fix of the current issues.
Nice Doji on the daily for Stamp. Look for a strong bounce. Trend line held during 3 major selloffs.
I think we will see a nice bull run within the next week.
This chart was made by request since I frequently catch the bottoms & Part 1 explains the basic setup of how this trade could play out and another chart will be published that explains indicators and candlestick formations to watch out for as signals. One of the most important things to note on this chart is the size of the wicks.
I don't expect any wild price swings but I believe we will test 725 again in the short-term.
I recently switched to charting Stamp due to the drop off in volume on Gox, however, I think I will go back to charting Gox. I've been observing a huge divergence within the last few days so it seems that Gox is still the leader, despite the fact of decreased volume (market share). Even though the volatility & volume have decreased, there is still far more...
Bears are getting weak. Similar to another trade setup that was successful,
Bullish divergence, rounding bottom, breakout above Ichimoku Cloud & prior resistance w/volume. This has a tiny market cap. so be careful ;)
This stock really moves. Looking for a close above 52wk high on increased volume before going long.