Right before Q1 Novo_B is displaying, for medium term, further bearish trend. Take note of the bullish divergence that could bring the best scenario for the Q1 day- the level of 315 kr. The monthly and weekly charts are bearish and probably further downside action. As for the harmonic patterns I am looking for an ABC bearish pattern where the swing BC will end...
FINGBS has been in range trading for almost 6 month after the runaway gap in 2016. Lots of technical patterns: runaway gap, common gap, descending channel, rectangle channel, bearish pennant. The macro trend is bearish and so far no signs of recovery. The small corrections are insignificant to mention at this point. The technical pattern I am looking for, if...
Nice set up pattern in form of high & tight flag bullish continuation. The level 285 ish held nicely and expecting the high 296.80 to be taken out (resistance). A surge in price and volume would be nice confirmation for the next level.
FRT - above the gap up and re-testing the support line few times that held impeccably so far. Lower tops have been made in this uptrend. A breakout (red oblique line) from the descending triangle in the direction of the previous trend confirms the continuation pattern. Next target is $8.20.
ZNGA is working on a base. In probably few days trading more details will be revealed. It broke the downtrend line and retesting it. For the next 2 days is on neutral color and it will probably go long.
Lately made an impulse leg and now confronting the MA 50. Also some Be Div showing up is warning a retracement. The A/D line is not following the price action from the last days. Now it has the chance to make a bottom and show the signs of a trend reversal.
I do not know if I should have choose the "short" button instead of "neutral" . AAPL is trying to recovering from the recent euphoria and a corrective move is coming. First targets are shown on chart.
Chart is showing continuation pattern within the trend- if the pattern is to fail (187 and 188 levels very important) than the higher high is not going to happen and probably the bullishness of the trend will fade. The red, green, blue patterns are only for visualization of the whole pattern structure. IF: the AB=CD pattern is going to be successful, not only the...
Simply- fast and furious - retraced 38% fibo and decided to gap and run-
Nice gain for today - and still looking attractive with +$7 gain in future.
Alibaba IPO pending- probably the most expected IPO and Yahoo's most valuable asset with a purchase of 24% of Alibaba makes these stocks very attractive for a long play.
JCP broke the long term downtrend, had a nice gap and run and now consolidating. I do not see any serious retracement and the gap will remain intact for some time. If it goes at levels of 7.64 - good adding for longs. First trgt would likely be around 11 and even higher potential levels.
ARO is looking to bottom and making it a good long candidate. Lower lows in near future. ARO is a name on my watch list.