SYNT found base Outsourcing will still be needed, even with new president. I got now think that Syntel found its base and can go higher.
BASE
#UNICREDIT - NEXT EUROPEAN BANK WITH A BREAKOUTUnicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77
I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks outperformance. Fundamentals continue to look awful, however there are a few tailwinds from:
- bank CEO acknowledging structural weaknesses (DBK CEO y'day)
- serious consolidation talks
- FED rate hikes
CMG Technical Base With Strong Follow-Up On FridayWe stick to our view, expressed on Thursday, when CMG cleared a small base and the 50day moving average at $405. I see next bigger resistance at $443, where the stock could clear an even bigger base. We are observing long-term reversal action with potentially more upside. Stay tuned!
VRX: Interesting long setupVRX is offering a good buy opportunity for next week, after taking off from a sizeable accumulation base.
We can buy signs of strength (a new high, or the day turning up above the previous close).
We can also look into buying on retracement to support at 34.92. Keep stops below 33.35 and if we open with a considerable gap up, cancel the orders and stand aside.
Targets on chart: 43.46 and 50.81.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Looking to Short at 1.88500 just below the evenhanded Number Looking to Short at 1.88500 just below the evenhanded Number 1.89000
Guyz look ofr Double top with rsi divergence with a good risk to reward ,
we got some febs aligning right on that resistance a tct trade
EUR/USD 240 Divergence with a Hammer at a Demand ZoneThere is some divergence on the 240 min chart between price and the RSI. Price rejected the Drop-Base-Rally around 1.0840's. I'm looking to get long at the 50% retracement of the Hammer candle wick at 1.0847 (check your data.) My stops will be just below the swing low at around 1.0830. I have a few targets at each of the swing highs (1.0885, 1.0943, and 1.1060) Good luck trading.
The Fresh Market - TFM - Back to the Bargain Bin - BuyHere is my chart from 9 months ago when TFM was in the low $30's prior to the run up over $40. I only added that TFM is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead.
You want to buy these quality stocks when others are selling and when they represent great value.
It's time again to back up the truck and load up on some TFM shares and look for a 5%-10% gain over the next 3-6 months. If it gets cheaper still, I will keep adding to the position.
Stay tuned.
Tim 31.98 last TFM May 22, 2015 1:42PM EST
Walmart -WMT -Oversold & Valuation Compelling at 0.50x's SalesWalmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level.
Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM shares too. Look for the link below.
On Friday, I published a chart, but without going into the specifics of this 0.50 level of PSR, so I am producing this chart again with this additional detail.
The ENTRY here is right in the middle between the upside target of 0.55x's sales and the base at 0.50x's sales. Therefore, the risk is equal to the reward. But what would make you want to take even odds is that the probability of reaching the target is greater than reaching the support. Why? Because the chart has been coming down steadily and the overall market, as measured by the S&P500, has gone on back to the all time highs. There is a divergence here that spells an opportunity. I love to buy technically ugly and oversold charts when the valuation is compelling.
The stop loss I listed before would have had you selling right at the key 0.50x's sales level, which isn't logical, so I am amending that and I would suggest adding to this position with a stop at 72-71 instead of at 75. The trade becomes more and more interesting as the price drops to the $75 level because the upside becomes 10% instead of 5% and the risk remains low.
Earnings are due on 5/19 and that may raise the level where the 0.50x's PSR level is, so pay attention closely this coming week.
All the best,
Tim Saturday 10:49AM EST, May 16, 2015 WMT 79.24 last.
How to determine base count?Here is a nice graphic showing how to determine base count and when to combine bases into a single pattern.
Sometimes its hard to know if it's a cup base or a double bottom, as in the case of the cup base #3 (Oct 2013).
I had to go back and watch the EPAM video from Jan 10, 2014 to figure out where the proper buy point was.
ibdtv.investors.com
Twitter to glitter! The base is forming.Twitter is forming a great base for take off. The prior two bases yielded some nice gains and this one is setting up the same way.
CRM break up of consolidationThis cloud company was in descending channel in the first half of the year and erased most part of gains from 2013 but then regrouped and regained all key moving averages. With big, ignited, green candle it borke this short period of indecision and have built nice upper level base. Break above $58.63 could trigger an entry with stop below support of consolidation at $56.63. Target could be $63 where previous up trend was broken.
Gold dip accumulation After 2-months range was resolved to downside, Gold was sold off aggressively from $1,300 to $1,240 where it found support. With wide, ignited, green candle 3-days consolidations resistance at $1,248 was broken and now gold is showing some commitment and building nice upper-level base in front of local resistance at $1,257.5. Break above could attract more dip buyers with next target at $1,268 where 21 EMA lies on daily chart.
Also, we have intermidiate support at $1,252 whick was pierced for a while on noise (news) but buyers regained control really quickly.
