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GBP/USD Analysis 01.05.2013Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market , if we break the (green) demandline we may head down to at least 1.50280 which is the 50% retracement level of the current rally, any buying occuring at that level can bee seen as a further sign of strenght , however if we fail to hold this level we head back to the support @1.4630 and any rejection at this level can be seen as strenght yet again , however we may form a trading range between res.1.55520 and sup. 1.4630 for the time beeing . Signs of Strenght: Downmove came to an halt Broken Supplyline Signs of Weakness: Price failed to take out the actual high Key Levels above current price: 1.5520 1.5870 Key Levels below current price: 1.5028 1.4630 sidenote: A downmove can only last for so long till their is a change in demand, and the balance of supply and demand changes in the favour of demand , ie. the buyers are at least heads up with the sellers and stop price from going any lower , if price then is in equibilirium ie., going sideways most traders agree on the same price "fair value" value = price over time , this balance(cause) aswell only goes on so long till there is a change in demand and supply and we have an imbalance(effect) and a new trend establishes till we find balance again..
by Invezted
ADEP Potential Trend Change - Reverse Head and SholderADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a breakout. This puts the: --Buy point at 9.02 (on HIGH volume) --Stop at 7.71 --Target at 11.17 (Using the formula (neckline above the lowest point - lowest point)*.7 + breakout point) and then rounding to the nearest resistance line. However, beware; if a breakout does not occur and the recent slight uptrend is broken, the stock could hit 7.72, and later 6.66
ALong
by akap
1
ZNGA changing direction Last 2 days have been a great deal for ZNGA fans - summarized status 1) Volume is picking up on 2 days in a row with great price movements 2) MACD has room to grow and is in an uptrend. 3) Acc-Dist has changed direction from a lont-term low favouring accumulation 4) Recent low is higher than the previous low BUT 1) With this, ZNGA has some psychologic resistance levels @ 3.25 and @3.5 2) CCI and RSI reached their tops and favor some corrective changes before further upside. I expect some price correction with further upside within the year. Previous ER did gain valuation for the stock and with new management and decisions it may very well return ZNGA some stock price.
ZLong
by A-shot
2
Gold - time to make a decision...againThe picture seems to be at the same place it was so many times before. So many indications of the price going down, and not so many up....but may be it is different this time. Check the chart and Bet on your own will - Long period trend is being touched and previously price went lower - @ top of Bollinger bands - Price right now in the middle range of the sqezing triangle. - RSI CCI and RMI all are on top levels But: - High volume on an up turn recently suggest early birds/betters are already going heads in. - MA cross indicators both signaled a buy the runup day recently - Issues in the middle east (Iraq situation) coupled with Russia x Ukraine situation will fuel the up turn. - Stocks and markets tend to surprises and do the opposite of what is expected Gold has been going down for way too long, so its position gives higher chances of a turn. If next 1-2 sessions close in green, i would assume a heavy volume, and a raise in not only in gold, but in all resources. PS - slightly more speculation. Markets are at all time highs - if they turn, gold goes up. Its been already 6-7 years of up trend, so its more slippery for markets, and quite a discount for the resources.
AMEX:GLDLong
by A-shot
1