Get started

Pullback

Can $HRMY break historical resistance once again?Notes: * Steady up trend on all time frames * Okay earnings track record * Trying to break above historical resistance of the ~52.8 area * Pulled back to the 50 day line * Printed a bullish outside day in the last session * Earnings report reaction sold off to the 50 day but bounce from there indicating demand around the $50.34 area Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 17.65 Relative Strength vs. SP500: 41.59 U/D Ratio: 0.96 Base Depth: 70.33% Distance from breakout buy point: -8.1% Volume 8.87% above its 15 day avg. Trade Idea: * You can enter now as volume comes in after the earnings report reaction * If you want a better entry you can find one around the $51.7 area * If you want a safer entry you can wait for a clear break/hold above the ~52.8 area as that is historical resistance. * This stock usually has local tops when the price closes around 16.84% above its 50 EMA * Consider selling into strength if the price closes 16.64% to 17.04% (or higher) above its 50 EMA * The last closing price is 5.44% away from its 50 EMA
NASDAQ:HRMYLong
by HaseebKhan_90
EURUSD without a clear directionEURUSD is still trading sideways without giving us any good trading opportunities. This happens quite often on this currency pair and in periods like this, we would rather trade something else. We need to see how it's going to react to its resistance and is it going to reject it again. We will be looking for selling opportunities but before that we have to wait for confirmation to do it. Meanwhile, we're still looking to trade the JPY cross pairs!
by ForexTrendline
12
EURUSD post FED Yesterday, FED hiked the interest rates to 2.5% but that didn't lead to increase in USD. Those expectations were already played out and we even saw price dropping. We are still trading sideways and we're yet to see if price will have enough strength to break the resistance. Right now, we won't trade the EURUSD because it looks like there's not that much momentum to the upside but at the same time it's still early to sell. It's probably best to focus on the cross pairs where we may have better opportunities!
by ForexTrendline
3