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HUGE REWARD POTENTIAL ON TULLOW OIL STOCKIf you take a look at this daily chart of TULLOW OIL, you can clearly see some big potential for a move higher. I personally entered as shown on the chart because my analysis is showing a beautiful lowrisk setup, its a very tight stop, you might aswell give it a little bit more of breathing room, but the reward is very tasty. I think if OIL prices start to go higher, we will also see a decent rally on this stock. Please use wise money management. All the best and blessings to you all.
LSE:TLWLong
by IamJeanPaul
1
$REN Short $REN I will be looking to short depending on Price action at the open. The stock is a previous runner where it managed to almost get to 9.00. However, following four days of solid volume with massive gains, the chart looks over extended and had fading volume. I will look to enter on the open or possibly into the late afternoon to hold over the weekend depending on P.A. and level 2 data. I am remaining conservative with my risk and will probably trade no more than 1000 shares with a risk of around 10 cents per share. If it drops of a cliffs edge then there is a potential 60% return. Happy trading.
RShort
by barry_fxtrader
#Russell2000: Forecast Targets In Decreasing Probability OrderFriends, Screening $IWM through my predictive/forecasting model, the following three targets were generated: 1 - TG-1 = 115.52 - 04 JUN 2014 2 - TG-2 = 117.83 - 04 JUN 2014 and 3 - TG-Hi = 119.72 - 04 JUN 2014. PREDICTIVE ANALYSIS/FORECASTING ORIGIN: These forecast targets are defined using the same predictive/forecasting model that produced all of my prior "Dead-On Hits" (simply Google "Dead-On Target Hits + 4xQuad" or "Dead-On Target Hits + 4xForecaster" for a variety, or simply go to my archives here: bit.ly). CHANNEL POINT DEFINITION: Using TradingView's built-in channel tool, I projected downwards the top values line-up, allowing to define an acceptabe channel containing price around its vacillations. The median line was also able to approximate a line up of candle bodies/shadows as validation points for that median. Now that the channel is drawn and price-based validation has been established, I looked for a a bullish trendline that would justify the recent price action to the upside, as it broke out of the channel. Striking is the fact that price did NOT validate the upper-side of the channel as it would classically do when price validates a trendline that is turned from resistance to support. The fact that this did not occur may simply imply that the green dashed trendline which has been validated about 6 times now, is taking over the supportive role as price moves up and away. PREDICTIVE ANALYSIS/FORECASTING: As defined above, the model is capable to define step-wise levels of R/S, as well as reversals. Here, price has a higher probability to arrive at TG-1 than it does at TG-Hi, but if it arrived at that highest forecast, it would then have a greater probability of reversing to a significant depth. As the data becomes too scarce to define a probability of depth reversal, I usually advise the trader to first use a Fib-paced approximation of the reversal, such as 38.2, 50. or 61.8 numbers. I also advise the pattern trader to look into the probability of a pattern completion - In this case, A Bearish Bat comes to sight if and when price completes is ascent to TG-Hi, although others might also perceive the possibility of a Bearish Shark, in which case, an ensuing 50% decline at/near TG-Hi would be expected, based on the 5-0 pattern, which is a known acolyte to the Shark pattern. OVERALL: Chart is bullish. Model calls for higher targets. Underlying technical analysis corroborate a probability of price breaking out to the upside - For these reasons, TradingView's directional indicator is switched to "Long". Cheers, David Alcindor Predictive Analysis & Forecasting -------------------------- Twitter: @4xForecaster --------------------------
AMEX:IWMLong
by 4xForecaster