the_short_hustle

the_short_hustle

If we can break above 12.30/40 at (1) we should be good for 13.60/90 as a first target zone to watch for. Yesterday’s price performance managed to stab through flag resistance comfortably and hold into the close. A forceful break above (1) completes the cup/handle pattern, which should be construed as bullish.

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Sometimes its the most basic looking charts that perform best. A nice run-up on this one this month with prices now consolidating into a nice little falling wedge. The target for this one is somewhere in the 9s. Wait for a breakout of the wedge (above 8.40) before pulling the trigger. Below the wedge support line negates this bullish set-up for now.

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ORGS carving out a nice wedge here after a multi-month pullback. Yesterday’s price action produced an almost perfect bullish reversal Dragonfly Doji, which is just about to kiss the underside of the wedge resistance line and 50 DMA. Plenty of recent Insider buying activity going on, with short interest ratio (days to cover) at 8.9. A clean break above (1) should...

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Above (1) is your cue. First Target 1.0840s

the_short_hustle

Looking for 8's on this one ; )

the_short_hustle

Yesterday’s price action on the tech-heavy Nasdaq which has been outperforming for months had Investors scratching their heads as they witnessed a negative correlation with the broad market as the vaccine news began to spread. While the Dow Jones Industrial Average made a new intraday all-time high, the Nasdaq was heading in the opposite direction. The bulk part...

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The AUD/USD currency pair’s recovery from the pandemic March lows has been impressive, to say the least. The decline of late which saw prices tap out at the December 2018 highs in August this year has been shallow in comparison. This week the bulls have forced prices to break out of the falling wedge pattern and knife through the 200 period weekly moving average...

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Since July 2019 BP’s share price has taken a serious beating, driving prices to sink to a 21-year low as of last month. Many contributing factors, such as tumbling oil prices and lack of green credentials are responsible for the brutal decline that has seen investors shy away from one of the top blue-chip companies. Another concern surrounding BP is its dividend...

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The NZD/USD currency pair suffered a heavy decline during the last two weeks of September this year after the double top pattern held nicely for that month. The recovery from the lows of September (6511.6) has been somewhat choppy for this pair, making it difficult for traders using tight stops to get a handle on direction. The bear flag inside the broadening...

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Back in June 2019, small speculators were displaying high levels of optimism for Bitcoin and were becoming overly enthusiastic about prices reclaiming the 2017 highs. Similar optimistic readings are also apparent now as Bitcoin comes to neck and neck with the 2019 June highs at (1). What followed the 2019 optimistic highs was nothing short of a disheartening...

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According to last weeks Commitment of Traders report (COT) commercial hedgers, more commonly known as smart money hedgers established a new bearish extreme on Natural Gas. They are currently -97,039 contracts short, a change of -3,469 contracts from the week prior. It’s important to note when smart money hedgers reach an extreme they tend to drive the markets in...

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The NZD/AUD currency pair found a base at 0.9176 on the 8th of October after it’s most recent decline and has since reversed to the upside breaking through key resistance at 0.9329 on Monday of this week. Today marks the day the pair tackle the 200 DMA resistance line, which was last attempted on the 20th of April this year, where it failed resulting in a...

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Large specs showing optimism AUD/CHF technically vulnerable According to last weeks Commitment of traders report (COT), large speculators are net-long the AUD/CHF pair, but not significantly. Leveraged funds, which tend to have a better handle on short term price action compared to asset managers, increased their short positions last week on the AUD by +9,933...

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Significant Insider buying activity took place on the 13th of October '20. Short to Midterm outlook, eyeing 18.00-19.00 handle.

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EUR/USD edges higher after weekly loss Having ranged over the past couple of months (A) EUR/USD prices huddled yesterday at twin support (1) after this week’s losses, with some gains during this early mornings session. In order to recapture last weeks high, which was established last Friday at 1.18329, prices first need to overcome short term descending trend...

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Short-term retail traders remain bearish on USD/CAD USD/CAD approaches the next level of importance at (1) The USD/CAD currency pair suffered a steep decline last week after losing its stability at the 13341.1 resistance level. Since the relentless decline, prices finally found a base at the demand zone this week which was last seen in September of this year....

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Dell Technologies Inc (DELL) has shown its popularity since the March lows by staging an impressive recovery outperforming the markets, rising just shy of 40%. Currently undervalued by approx 26.0%, DELL’s earnings are forecast to grow by 13.94% per year and has returned 4.6% in the last seven days alone. From a technical standpoint, the rally of late has...

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Since the pandemic March lows, Denali Therapeutics Inc (DNLI) has enjoyed a multi-month rally surpassing it’s January ‘20 highs with ease, amid a bout of increased buying activity following Q2 earnings. As well as individual investors, hedge funds are also optimistic about the future share price of DNLI. Official data shows the number of hedge fund bets increased...