(DE) Test ema50 support for 3rd time; bottoming process.If bullish, may retest resistance near R1 pivot. OBV has formed a local bottom and MACD and RSI confirm bullish price action. Ema50's slope is nearly flat and price has been lingering near it the previous 4 days.
However, if surprisingly bearish, then it may have a support retest near S2 pivot.
Stalk your entries and obey your rules.
Tradearcher
(W) Eager recovery since Feb. and last week's weekly rush.Last week it covered the trading range from 205 to 210. Has not spent much time above 210, and 213.78 is within range (or maybe R1 pivot if bots are loose). MACD still bullish, since no bearish xover yet. RSI near 60 with room to spare above.
Stalk your entries and follow you plans. Patience pays.
Should it flush? Then 200 support retest likely. Especially if similar bearish participants in recent pullbacks reemerge.
(D) Excellent run, still plenty of room to grow. OBV; bullishGood earnings pop and from the powers of GPUs and uses of GPUs beyond graphics. MACD difference shrinking; selling. RSI running overbought; be wary.
Would not be surprised if it magnetizes to 45 a little bit or some taking profits near term. Be patient for an entry. Obey your rules.
(D) Large trading range of 100 handles since mid October.Recently the trading range has narrowed between (700,750) with some resistance from 750 (or P pivot). Since then EMA50 has been nearly flat slope; hence sideways. Also, the difference of EMA50 and EMA200 has been decreasing with EMA50's slope marginally bearish.
If bearish momentum continues, a support retest of 700 is in range. Should 700 fail and OBV fails to hold it's EMA50(OBV), then 680 and 650 are not far below. Obey your rules.
$CL_F $USO $OIL (D) Might see a pullback near R1 pivotor near 42.17, an important fib and support test.
Basically we could be in a local Crude bottom for the time being. Profit taking will happen soon. So if 42ish holds, then 50 is a reasonable future resistance target. Otherwise if 42ish fails, then 40 likely, and a nice bear hug for a support test near 35.
More importantly, trade with your rules.
(D) Good support since Feb's low.Technicals ruling until fundas prove otherwise. Feb's low is not far off should earnings disappoint. Tight trading ranges and S/R levels.
The ema50,ema200, red cloud, illustrates that more bullish volume is required to close the gap. One good outcome since the new year, OBV has made a bottom; which is mildly bullish overrall.
Obey your rules.
(D) A bit early to consider long, esp. with earnings near.Slope of ema50 is nearly flat and ema200 is mildly bearish, meaning price action at a possible inflection point near earnings. Will see $55 if bullish momentum continues. Otherwise retesting March lows for support is within it's ATR. Obey your rules.
$SPY (D) Strong bullish day with the assistance of oil.Excellent strength pushing this into a potential long swing opportunity.
However it is still at a precarious price level and may turn at anytime.
Keep in mind that Oil has news coming up this weekend and SPY has been fairly correlated for some time.
So use stops and adjust as needed.
Obey your rules.
$GPRO (W) Potential zone for knife catching?Mind you, it is still bearish. But not as nasty as before. It may retest support of 9.50 if bulls are gonna sit out next round.
Put your money to work at the right times. Let others do the hard work and manage draw downs. Be patient. Let it round out a bit more.