Short EURJPY - Testing important monthly resistance area - Trading on top-end of long-term symmetrical triangle pattern in monthly chart - JPY is gaining momentum - Stochastics is overextended and is in overbought territory - RSI looks weak and is hovering around the 50 level with consistent lower highs. Entry: 126.20 Stop loss: 127.4 (120 pips) Target: 124 (220 pips)
- NYSE:FL is rebounding off a bullish trend channel in place since the end of 2017 - MFI seems oversold and is looking for a rebound - On a weekly chart, the stock bounced off its 200-week MA - Risk-Reward of almost 3 with a 5% stop-loss
- Bullish on NYSE:VSLR - Stock broke above a short-term symmetrical triangle pattern. - Prices are supported by a rising trend line - MACD broke above the signal line while MFI is turning up (>50) - On a weekly chart, the stock is trading within an ascending triangle pattern.
- TSX:ACB broke above a declining trend line (1hr chart) - Prices are trading above their 20-day and 50-day MA (1hr chart) - Prices rebounded off their 50-day MA (daily chart) - Bullish divergence with lower lows on prices but same lows on MACD and Money Flow - MACD is about to turn positive.
- Prices are trading near top end of a rising channel - A 12% move for a new board member is an exaggeration. - Bearish divergence with money flow reporting a lower high while prices are posting a higher high (bearish reversal) - $HMMJ (weed etf) is signalling bearish divergence with MACD posting a lower high while prices post higher highs. TSX:ACB
- NASDAQ:TTWO broke above a falling wedge pattern in place since last summer - Prices are trading above their 20-day and 50-day EMA - MACD finally turned positive - Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards) -...
- NASDAQ:ATVI broke above a falling channel in place since November - Prices are trading above their 20-day and 50-day EMA - MACD finally turned positive - Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards) - Target is...
- KHRN rebounded off an interesting overlap level near $3 - bullish divergence with lower lows on prices but higher lows on Money Flow - MACD is about to turn positive. - Huge bullish engulfing pattern on the daily chart.
- broke above a double bottom pattern - MACD turning positive - semiconductor sector is outperforming the overall market
Upside breakout on Honeywell (HON) Technical event: falling wedge, trend channel, money flow index and increased volume Target at 7.5% with a tight stop-loss set at 3.25%.