myfye13

myfye13

I am bullish long-term gold but I believe a correction is forthcoming.

myfye13 Updated 

See above. RSI divergence

myfye13

Bitcoin broke trendline support in November 2018. As is common when stocks initially break support, COINBASE:BTCUSD retraced back to the trendline and has now dropped over $2k. This could be the beginning of a long decline for BTC unless support is found. I have listed some areas of support based on volume that may be buying opportunities if BTC verifies the...

myfye13 Updated 

Uncertainty in the market is evident in the Dow . RSI has steadily declined while we nearly made new highs back in April. Moreover, the 50 day moving average (not shown to make the chart a little easier to see) has all but crossed the 100 day and is taking aim at the 200 day moving average. The chart pattern resembles a head and shoulders pattern, and the RSI's...

myfye13

Fib Channel looks to be holding true. However a H&S pattern is forming and could fall as far as $6500. If support (roughly $7600-$7500) breaks, the next support area is the bottom of the trend line shown above, a further break from that would mean COINBASE:BTCUSD falls to next support (based on price volume that can be see on a daily chart and not shown above)...

myfye13

Uncertainty in the market is evident in the Dow . RSI has steadily declined while we nearly made new highs back in April. Moreover, the 50 day moving average (not shown to make the chart a little easier to see) has all but crossed the 100 day and is taking aim at the 200 day moving average. The chart pattern resembles a head and shoulders pattern, and the...

myfye13 Updated 

Cup & handle formation on GLD. Stoch's indicating oversold Nice bullish pennant

myfye13

ULTA's RSI divergence and Gap make for an interesting short play.

myfye13 Updated 

Possible short based on RSI

myfye13 Updated 

Possible Head and Shoulders pattern forming on WFC though too early to tell. The biggest test will be the trend line (black). If the stock breaks down expect a retest of the trendline before finally completing the H&S pattern. Based on how long the stock has adhered to the black trendline a break down would be a long-term bearish signal. Note where the...

myfye13

Awaiting completion of a what looks to be a very nice inverse head and shoulders for NYSE:PFE . Notes: Bullish TA outlook - PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chart Buy Rating - 10 analysts cover NYSE:PFE . 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past...

myfye13 Updated 

Long to 1340. Stop place below 1277

myfye13 Updated 

Financials have sputtered as of late, and this can be interpreted in two ways: Scenario 1: This is a bullish wedge and because of expected future interest rate hikes financials will break out and create new highs in the $32 -$35 range for the AMEX:XLF . Supporting this is the RSI hit lows previously seen on 3/22 and all the way back to the beginning of 2016....

myfye13

Siri forming an inverse head and shoulders. Resistance at $6.62 Gap between $6.82 - $6.95 With the right shoulder bigger than the left don't buy till breakout.

myfye13

Possible Inverse H&S on Pandora. Wait for a break above $10.15 to enter. Large gap between $16-$19 might get filled. Only hesitation on this is that the IHS looks too perfect. Watch for a false breakout. Vertical spread would work well, or a long straddle if more conservative

myfye13 Updated 

DXY retracement to prior trend line complete, look for a move down from here to the $93.42 area. Note the RSI (nearing trend line from May 28th down which didn't show up on the chart) and Stoch divergence.

myfye13

Confirm NYSE:UA breakout with above average volume and close above $19.30.

myfye13

See above. Could see $15.50 if this wedge breaks down (handle of the upside-down cup). Exit position with NYSE:CWH close above $21.30. PT1 - $18.10 PT2 - $16.00 - $15.50