Shares
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National BankShares on the wedge down pattern.The price of the shares of National BankShares has formed the wedge down pattern, the price now break the pattern and looks like it will continue to rise. It may be a good oprotunidade to trade some shares of NKSH.
My sugestion:
Entry point: 34.25
Stop loss: 31.39
Profit target: 39.93
Intel forecastThe long zone starts at the 32.00 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 33.71 and the 34.90 levels.
Microsoft forecastThe long zone starts at the 53.22 level. The potential targets can be the larger offer levels of Institutional Holders. These are the 53.95, 54.90 and the 56.20 levels.
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SIRI Buy Option SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30.
This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals.
Therefore, taking into account the power of the resistance line and all three strength indicators, one should short SIRIUS XM HLDGS INC. We have entered an over-bought market and hit a strong resistance line, all implying a decrease in the price.
EURJPY SHORT SETUPAs we can see eurjpy is clearly in a downtrend displaying continual lower highs and lower lows.
Price came down to test and bounce off the 126.1 support level and is currently retracing to our critical "acceleration zone".
our confluences for this acceleration zone:
61.8 fib level, major resistance,descending trendline and 200EMA so we are anticipating a pullback and continuation into the downtrend,
We are targeting the 126.5 level as our 1st target and if we see a break of this level we will be targeting the 120.00 area which is a psychological level.
We shall look for long positions if we see a clear break of our resistance level @ 132.00 and outer trendline in which we will be targeting the 137.00 level. However our favorable overall bias at this current moment of time is short.
NIFTY Trade plan week 11 Jan 2016Nifty Futures: NIFTY while it managed to hold on to to the 7580 levels and staged some sort of a pull back, weak global cues will mean we may now crack that level and open below it. It will be importanat to see if NIFTY futures manages to stay and trade below 7550 in that can the levels of 7580-50 now can be used as a stop for a fresh trade on the downside with targets of 7440 and 7280 on the downside. on the upside if it manages to hold 7550 then a low risk pull back can be initiated.
ITV - Pending order - Long @ 269ITV oversold.
Rejection from 50MA with slightly below average volume.
If trade is not activated by the end of trading day cancel pending order.
Target of 279 - previous high from end of December.
Mylan - $MYL - LongMylan is in the buy zone of previous congestion/resistance. The stock is oversold in my opinion and we should see a bounce back towards 76.5 from here. We had move down yesterday on low volume which indicates weakness in the move and buyers should step back in soon.
Look for long entries on open, stops at 66.
Extra Space Storage - $EXR - Long from $68Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session.
I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA.
We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).
