CUM trade ideas
CMI HnS Reversal back to 152It has potential, price dipped for three days+ now. been through three impulsive downs, EMA 20 broke above EMA 50 just a month ago.
Bullish overall. Entry around 147
CMI, Attempting to break the wedge, Going upThe RSI is holding the same lows (labeled in orange) at between 30-50, but the price is at a higher low. Potential breakout
CMI - LongStocks that seem to refuse the opportunity to move lower, psychologically wear out shorts and bring in longs. With two months of slow strengthening, I think this is the case with CMI.
cummins is reaching its anticlimaxi think we are going down, 100$ is a good support area, we might get there in 2 years time
Head And Shoulders Pattern CUMMINS INC. (CMI)Head And Shoulders Pattern, described by Japanese candles with a one-hour timeframe of the company Cummins, Inc.
CMI Long on technicalsStrong channel since jan 2016. Breakout over 2014 high - bullish for continued rally.
LongI like this stock and this is why:
The stock bounced at a very nice support line.
The candle looked great for a potential bullish move.
When you see a big gap on good earnings, you usually see a retracement and this is what happened last week and after that the stock may continue his previous uptrend move and this is what im expecting.
There is also the 10EMA who acted as a support so that brings more strenght for a potential reversal on the upside.
SHORT CMI WITH NICE KICKER FROM THE RESISTANCEENTER 151.72
STOP 154.84
TARGET 142.09
The trade is in the direction of the trend: descending impulse with potential wedge pattern. It is also supported with RSI14 and Stochastic Bearish Crossover. I have 2 different target scenario for your convenience.
Do you like it?
Opportunity for an anticyclical Swingtrade?Gap down..and now? The day after the deep dip was bullish. The down-dynamic did not increase - thats a first wek bullish Signal, perhaps the downmove was just a exxageration? Will the fibo-Cluster be the area where we see a Turnaround? If i watch the Chart -that could be possible...let`s see! RSI signs a very weak longsignal.
Cummins reached action points No. 1If Cummins could bomb away the resistance @ 120$ (Action Point No. 1) , the way up to Action Point No 2 @ 124 $ is opened.
Above 124$ a strong buy-Signal would be initiated, the maintrend since 03/2014 would be overcomed.
Will Action Point no 1 not be bought directly, a dip to the former low @ 106$ should be exspected. Prices below 104$ are bearish.
Thats just my view, please trade your own view :-)
CMI SHORT IF YOU LIKE OR AGREE WITH MY ANALYSIS PLEASE LIKE THIS POST=)
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CMI- Short from 105 to 80CMI broke down from a rising wedge. Money-flow is diverging & in negative. We think it may decline to 80
We are considering to buy Aug 110 put
Update on my thinking on CMICould we close any better right at the 20 day. The AO is moving down. The long term trend is bullish. Short term maybe try and reach the lower Bollinger bands.
Learning Elliott WaveI'm bullish CMI however I think wave 3 extended now wave 4? needs to take a lot of time to get AO near 0. Still inside the channel but the best guess I have is somewhere in the 95 area. CMI did not close the gap from November at 111.88.
CYPHER PATTERN FORMING CMI MONTHLY CHARTIT LOOKS LIKE A MONTHLY CYPHER PATTERN IS FORMING WITH CUMMINS STOCK. CURRENT RISK OFF SENTIMENT SUPPORTS FURTHER DECLINE (ESPECIALLY INDUSTRIALS) AND SOMETIME IN 2016 LOOK FOR BUY OPPORTUNITY AROUND ~$49
LONG WAYS TO GO AND LOTS OF CHANCES TO FAIL ON THE WAY, BUT LOOK FOR IT REGARDLESS
