Price has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.
Very good short play on Tronox Ltd. This stock has broken its upwards trend posting a lower high after 4 higher highs in a row and it is at the top of the linear regression channel. TROX has bounced off of a resistance line and is experiencing decrease in volume. The MACD is also about to crossover to a sell signal and the Directional Movement Index is showing a...
Bullish triangle on the JCP chart, watch for a breakout if the price clearly passes and closes above resistance. Chart also has clear indicators of a stong trend with the DMI showing an uptrend and the Aroon showing new uptrend. Would like to see an increase on the OBV along with the others for clarification of a strong trend though.
A very strong resistance level that went back to November has been broken, DMI showing a strong uptrend and MACD also showing a buy. Long until DMI shows slowdown of trend.
Civeo has broken support, MACD shows a sell signal, DMI shows downtrend. Short until DMI shows slowdown of trend.
Long until DMI shows slowdown of trend, reasons for uptrend shown on chart.
Resistance at $10.38 broken and turned into support, long until DMI shows end of trend.
Resistance from April and May has been broken and a stong uptrend has begun. Reasons stated on the chart along with another chart linked to this showing an inverted head and shoulders.
Resistance has been broken and a strong uptrend is occuring. Watching the DMI to see when the trend slows down, long until then.
A very stong resistance has been broken and the ADX/DMI is indicating a very stong uptrend has started.
After EURUSD had touched under the trend line on Feb. 11th which also intersected 161.8% of previous leg from December and had completed the bearish bat, price reached the support around 1.084 at 61.8% of the range from December low to the previous high around 1.137. This time it can reach another level with similar implications: touching the same trend line...
Bitcoin has smashed back into the new "downtrend line" from ATH. This 3 day uptrend is a solid trend continuation of the previous 3 day uptrend after a nice correction down to the $360 area. At this point the uptrend has serious momentum just starting. ADX has turned up, CCI is just above 100, and MACD histogram is accelerating into positive territory while the...
The monthly chart has signaled a resumption of the previous massive monthly uptrend that took BTC/USD from $5 to over $1000. The ADX (the blue line on the DMI), which is a measurement of trend strength or momentum, is the main indicator I'm concentrating on with this post. Currently the ADX has switched back into rising mode which shows trend strength increasing...
I think its time to look long. Classic retest on low volume with many indicators showing signs for a reversal.
I think bulls are seeing a large pennant, thinking that $470 will provide support along the lower trend line of the pennant. There is a possibility it might too. I'm inclined to think that it will not hold though. If this is a pennant, there is very little time and range to play around in, so it should break soon. The indicators that I use are all showing this...
Hypothesis: S&P 500 (and the market as a whole) is approaching a series of consolidations: a) Consolidation 1: - signal: as soon as RSI begins to fall (past dotted yellow lines) - magnitude: ~10% - time: July 31st (possibly earlier) * The timing is based off of historical cycles. The current cycle is much slower than the 2002 / 2008 cycles --> 42% to 115%...