BLK had a run up ahead of its earnings report and then had a mild profit-taking day before the release. Volume is increasing as it reaches a stronger resistance level on today's earnings report reaction. Blackrock is the largest Derivatives Developer of Exchange Traded Products for the stock market. ETFs are its specialty.
A weekly chart reveals the long-term trading range in which JNJ has been stuck. This Dow component ran up due to buybacks around the start of this year. But the trend and volume-based indicators show a lack of quiet accumulation by Dark Pools. The stock slid down ahead of its earnings release today and gapped up slightly on the report, but there has been...
CHKP is one of the few stocks that has breached its previous all-time high, corrected mildly and then resumed the uptrend to new higher highs. The stock has a mixture of retail traders, pro traders and mild Dark Pool accumulation at times. The momentum will stall intermittently with profit taking from professionals.
AMD has run with momentum driven by pro traders’ activity. The Pros will often be the initial driving force behind a Velocity run (see rectangle around the velocity run.) A velocity run is different from a momentum run as the candles do not overlap. One thing for options traders to remember is that when pro traders are swinging a giant lot trade for a short-term...
RED line = Support. GREEN = Resistance. Purple lines are where you take profit. I usually let 10% of the position run for the last TP - Violet line. If there are any coins/tokens you want me to look at, then comment below.
Hello all! This is an extension of my previous analyses on wave trading CEXIO:BTCUSD . I'm using: 90-hour Moving Average Basic Candles Techniques Current Price and Volume RSI To clarify, I am long-term bullish about CEXIO:BTCUSD but am looking to profit off of the waves that we're seeing now. My goal is not to identify the ultimate peak...
Biotech Basket I have reevaluated my REGN holdings, and have placed stop limits to both take profits, and a more protective conservative stop to close out my position entirely. My last stop has been hit (today) and now I am aggressively placing 35% of my position in a Stop at the 50% retracement level. A second stop limit is at the 38% retracement. The final...
I am fairly new to the markets, but I found a few similar features between the chart for the stock market crash of 1987 and our current situation. Any feedback is greatly appreciated!
Profits taken on a quarter of total position. second target almost hit, wait and see how it develops. Stop loss set to profit levels so the position is now completely safe either way
After breaking through the six year downtrend-line in the last week of July the gold price continuously gained momentum and was finally able to break through the strong resistance zone around 1,300 USD in the last week of august. This super bullish breakout fueled the rally in the last 10 trading days and gold has now reached my first target zone around 1,350...
I have no intention of trading this. But I want to monitor it. We say huge gains in GBP this week b/c of the snap election announcement. Seeing as it's a Friday with a large risk event this weekend(French election). I suspect there will be profit taking for GBP.
Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.
Historically when FB reaches this vortex negative level, the stock drops an average of 6.71%. FB is currently in a bearish pennant and due to break out up or down. Based on historics, the pennant, and potential support levels, it looks like a drop to 108.23 is highly likely over the next few weeks. I am slightly skeptical of the pennant break within the next few...
After the rally in both USD and big US indices it's time for profit taking and rebalancing portfolio's going into the new year. This will pull indices down and make the yen as a safehaven benefit. I Believe this is a good shorting position since it's trapped in a range for now.