Moving Average Convergence / Divergence (MACD)
$SBUX Buy$SBUX has finally reached a buying opportunity! The stock has successfully held last weeks breakout
The RSI has crossed the longterm downtrend and is above the 50 mark
MACD has crossed and held
Volume was large last week, and continued into this week
Continued earnings growth
Order set for a limit purchase at $56. position size 100 shares ($5600)
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$SBUX Getting Interesting$SBUX may be coming back into play. With a better than expected quarter (in my opinion) and really putting the focus on Chinas growth, we may have a breakout.
CMF is still in an uptrend since September
MACD is looking like we may have a shallow cross
RSI has ticked back up
Support at the $52.50 mark was held and bounced.
All these together make it go higher on the watchlist. Keep your eye on this one.
Copper Long after pullbackHey guys,
this is my view about copper, I will wait for a pul back and price deceleration before entering long.
Depending on how price will behave around 2.4500 I will decide if entering straight away or, should it break 2.45000, I will wait for it to pullback to 2.28500.
As always, wish you good luck!
IVZ LongOn Balace Volume (OBV) shows that interest may be back in this great asset manager, which saw positive capital inflow as of the latest quarterly report despite an overall negative trend in the sector.
When volume rises, price generally tends to follow.
Noteworthy is also MACD which just crossover its signal hinting at a possible change of long-term trend.
Furthremore, the possible volatily ahead could also play as a positive catalyst on the active managed funds positioning Invesco to benefit further.
Should you want to discuss your ideas with me or give me any feedback, feel free to leave a comment!
Identifying impulse using MACD Hi fellows, MACD can be used for early indication in diverging market. MACD gives signal that price is going to change its direction very soon. If MACD shows sharp rise and fall and at the same time price forms impulse on the chart against the previous trending and diverging market then this indication can be used for change in trend direction.
CAD/CHF Long reversal Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance.
Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration.
As always wish you good luck!
EUR/CAD short setup Greetings traders!
I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of 2016.
Hope you liked the idea, thank you for your attention. Happy trading!
USDJPY Short AnalysisWe have a channel structure based short position with some MACD divergence.
I actually took the trade on the 1 hour chart on the break an retest of the symmetrical triangle. Target is the yellow rectangle zone.
Will add to position at the previous channel line IF we retest around a 618 fib retracement.
Macd & A/D Education review for future references Some of you have asked about spike trading. One way I calculate future spike is by using my Fibs. I draw the height of the fib to match the height of the Macd & Accumulation/Distribution, then I draw it to the bottom of the Macd/Accumulation. You should notice that they precede each other. In other words they both end up in the same direction
Bullish & Low RiskWatch for LNTH to make a move back up to past resistance around $9.70, Price has just broken above the resistance line and it is also just above the 50ma which has been acting as a dynamic support for quite some time. Also volume has been increasing, MACD looks like it is soon going to crossover and the Squeeze Momentum indicator is currently bullish.
EURUSD intraweek ideaOn my chart you can see a nice bat pattern + MACD divergence which is, from my point of view, one of the best signals to trigger changes in the trend. Though its still forming, my idea is to buy this pair after the breakthrough of 1.1000 level (and fixing at least one 1H candle above).
I put my SL order below the support level of 0.0950, TP order is several pips below 0.1100.
GL to everyone and wish you profitable week.
P.S.: It's my first post here, would be great to read any feedback.)