AUDJPY Great chance to go long! 100 pips! AJ hitting a strong support, possible rally back up to previous resistance @ 88.13
100
EURUSD - Trying to touch the monthly trendEURUSD has fallen last week and it will continue droping other 100 Pips until touhing the monthly trend (red line). The question is if after that it will break out or reverse.
FTSE 100 ABCD + Bat Pattern => Strong short opportunityChart speaks for itself no extra information needed
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Warning! Touch of 215-223 Area for a 4th Time can trigger DoomAn warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red line.
The demand is so low for BTC that market makers could not push it to regain 250-260. The bearish magnet effect is clearly seen and BTC will touch for a 4th time and wash down within the next 72 hours most likely. See annotation on chart as usual! Please zoom in to see all the levels properly.
This level is really dangerous to trade, you can just wait for the wash-down or short and sit down and watch the show. But I have outlined additional scenario in case we do get a bounce from 210-216 level. If the bounce does occur then we will retest 228-232 then drop in total capitulation down to156-180 initially (a bounce not shown on the chart is very possible from there to 215 or 260 due to a double bottom) then $123 to $98 range. But we could also fail to bounce and wash down to 156-178 area and maybe bounce there a little before washing down further.
GPN breaks above $100GPN has just broken through the $100 mark and the chart patterns suggest price could go higher.
However, when this stock hit $50 (in 2006) it moved into an extremely prolonged consolidation. This lasted until the end of 2013 and the range was deep (between about $30-$55).
For this reason I would recommend sitting tight until the $100 mark is comfortably cleared and reassessing the trend then.
ENDP approaching $100ENDP popped up on my breakout list today and I felt it was the best trending of the charts on offer. Unfortunately it is approaching the $100 figure mark and the trend doesn't look well enough established, just yet, to take a position before this possible resistance.
The 2014 consolidation was very deep - price retraced almost back to the $50 mark after reaching a high of $82.16. But, since the beginning of 2015, a reasonable trend has begun to develop. Once the 2014 pivot high was cleared, in February, this stock could have become an interesting prospect. More recently we have a bull flag possibly forming on the weekly chart and yesterday's breakout bar was on slightly higher volume.
However, the bars in general have a large range (on 11th March a single day's range was 672 points) which could make trading this stock a bit of a rollercoaster ride. And with price 636 points away from the $100 figure it would be prudent, at this stage, to wait a little longer and see how the trend continues.
DST cup and handle followed by double bottomDST has a couple of good continuation chart patterns going on.
A cup and handle formed below the $100 figure. $100 can often be a strong resistance/support zone. But once price broke through (and confirmed the cup and handle) this chart pattern suggested price could go higher.
More recently price formed a double bottom - another continuation pattern suggesting strength to the upside. The second part of the double bottom used the daily 50ma as support and, at around $104, suggests the $100 zone is now comfortably cleared.
Price is now trading at just over $110 and we could see price head towards the $118 mark (taking a measured move from the cup and handle).
I'm not looking to enter any new positions right now. But if I were (and I was happy to enter a low volume stock) I would put DST on my watchlist.
CI continues uptrendCI has recently begun to trend very well - especially since clearing the $100 zone. There were a couple of retests of the figure then, in early February, the daily 50ma held as support. Since then the trend has been linear.
As the trend is only just beginning to smooth out it is early to enter a long-term position at the moment. But as the overall trend has been bullish for some time it is perfectly adequate provided you have a sensible stop in place.
Disney comfortably clears $100Since breaking above $100 a few weeks ago DIS has been on my watchlist. The first opportunity to enter was after the first bull flag/retest of the $100 figure - as this showed resistance turning into support.
This may have been a little early to be confident that the gap would hold - but either of the subsequent breakouts offer more solid conviction that the trend is holding.
Overall this stock has been trending well for a few years - but it is susceptible to slightly deeper (than is comfortable) pullbacks. However, with a reasonable stop (which allows for this movement) we would only have been stopped out a half dozen or so times if we had traded DIS over the last 3 years.
So, going forward, this is a good buy opportunity but be ready to accept deep, but manageable, pullbacks.
HMNY Bullish on CCI crossupThe CCI crossed above +100 in the last couple of days, and this is a good way to find stocks that are in the beginning of strong moving trends. The CCI has also reached an all time high, extremely bullish, and the price has gapped up over previous highs turning those areas into support.
When the chart is moving fast like this, using the previous highs that are lower than the current price as stops, is a valid way to anticipate trade reversals and lock in gains. If the chart breaks out to new highs above all previous highs, then switch to using previous lows as stops including considering upwards diagonal lines. This is an excellent way to manage and keep trade risk to a minimum while enjoying continued high percent gains.
Placing stops with the price structure that the chart gives you can provide better risk management, than trying to conform all charts generically to an indicator stop or value that is derived from price instead. Support and resistance lines do not change, but indicators do.
FTSE 100 SHORT, COULD BE AWHILE BEFORE TARGETS ARE HIT AND PULL BACKS WILL OCCUR! THIS IS A MAJOR SWING TRADE SMALL STAKES, REAP THE BENEFITS!!!
GPC double gap upGPC has spent most of 2014 in consolidation. The high of February proved to offer very strong resistance and price tested it a couple of times before finally breaking through. Once resistance had turned into support the uptrend has continued with some momentum.
On the daily chart there was a bit of stickiness around the $100 figure but now there is no specific resistance ahead. Last week Thursday's bar gapped up with higher volume and a bullish bar. This looked like a good near-term buy opportunity but the following day price gapped up again on higher volume - but this time with a bearish bar.
This could still present a good near-term buy but with the Christmas break fast approaching I will stand aside on this one - for now. I may look at it again next year for a longer-term trade.
CPA downtrend meets supportAfter printing a high earlier in 2014 CPA has been heading down. It found some support at $100 and the weekly 200ma initially but now price has broken below this level.
The move on the daily chart, since breaking below recent support and $100, has been quick (with a succession of bearish bars) and price is now approaching the pivot high (from 2012) of $86.50. We should expect to see a small pullback toward $100 before this level is cleared but if not we still want price to comfortably clear $86.50 before considering a short.
Beyond this the next major support is $73.33. If shorting I would want my trade to be risk free before getting to this level.
NKE getting close to $100NKE has cropped up quite frequently on our breakout lists lately. It doesn't have a very linear history (pullbacks tend to be too deep for most risk management structures).
But since breaking above the $80 mark it has offered several opportunities to buy. The October pullback was not too deep, remaining comfortably above the daily 50ma. Once price broke $90 NKE became a better proposition and there were several opportunities to long the stock.
Now, however, price is getting a little close to the $100 figure. This can be a psychological resistance so, unless you feel you can get risk-free on your trade before then, this is a future buy with a current bias to stand aside.
MDVN up on higher volumeMDVN is looking good for a buy on a long-term strategy. The pullbacks can get a little deep, so this needs to be taken into account.
This stock has been a little sticky around $90 and $100 but now price has broken and retested the figure (with a nice flag formation on the daily chart) we could see a more linear bull trend develop.
