Gold is currently at a crucial point where it's encountering strong resistance. The key levels to watch On the 4-hour chart. Resistance Levels: Resistance 1: 2071-2074 Resistance 2: 2081-2090 Resistance 3: 2172-2190 On the 4-hour timeframe, the Center of Gravity (COG) is situated between 2042 and 2038. Support Levels: Support 1: 2015-2006 Support 2:...
Even though I had a big bull from $11305 for $BTCUSD, I am no longer a bull. Below are the reasons why: 1/ I use a 14 day MA for volume. The tall structures above the average were mostly bearish red. Even though the recent volumes were less than average, I see more red volumes than green. It tells me this might be a distribution. Ref: 2/ If the price closes...
1st TARGET: 1710 2nd TARGET: 1790
NYSE:COG Monday may go above bollinger bands, but pullback for better entry breakout
I've been watching this natural gas producer as it's one of the most productive gas producers with one of the best balance sheets out there in a highly beaten up industry. Their valuation is great despite some challenges in the natural gas industry, and they saw a huge selloff after worsened guidance recently. I'm now buying on this weakness. Here is why: ...
Morgan Stanley came forward with a $51 PT while other companies also have a positive outlook on the future prospects of MOMO. With the acquisition of Tantan and a low P/E, Mr. Market will eventually realize MOMO is an undervalued asset. If the market shows signs of reduced volatility in April, this should break the wall around $40-41 and test ATH levels.
Natural gas 1.24% play. Personal target given. Process your way. Would not be surprised to see a small pullback perhaps to breakout line as it is very short term oversold.
USDJPY buy tp1 113.79 - pt2 115.25
Line break AUDUSD + COG + Market Profile take profit: 0,761
EURUSD + cog + swing channels + market profile
This is one of the cleanest H&S patterns I've seen in some time. Price is currently above the neckline which puts my systematic trading approach in the Long camp up until COG is beheaded. Target price for either scenario, Long/Short of the H&S pattern is shown by the colored boxes to the right of the last close. The Short side has additional support show by...