Alon_AOB

Alon_AOB

Hello traders, Yesterday (Feb 4, 2020) was a technically significant day for the S&P500 - a breakout day after some time in which the market showed signs of building a downtrend (which is a part of a natural market price action). You may see in the chart that since the definition of a downtrend is lower lows and lower highs we have been confirming that definition...

Alon_AOB

Hello Traders, Looking at FLIR sets up a very nice opportunity to the upside, the company has been building a base for quite some time, we anticipate that the next earning report is going to beat analyst expectations and the price is going to break the 55$ level, Any breakout above the 55$ level will break the overhead resistance and provide a LONG setup to be...

Alon_AOB

Hello traders, Looking at the markets in this and last week, Many traders ask themselves two basic questions this week: Is the market in correction mode? Is the market on a bearish cycle? According to our models the market is in correction mode, so answer your question #1 is: Yes We are definitely not in a bearish cycle, the market had a correction that is not...

Alon_AOB

Hello traders, BA just touched a very significant support level of 310$, the company has been in trouble ever since launching the 737 MAX , the crashes and the way the company handles the issues, the company grounded it's 737 MAX fleet and is losing millions daily because of the failing design of the aircraft. With all its problems , current and in the future,...

Alon_AOB

Hello traders, The market continues to fly high without looking back , this is supported by a number of important factors such as the positive messages from the white house and china regarding phase I agreement and the future of the trade war, strong economic numbers , and some technical factors as well. as we can see in the chart, the RSI has reached a peak above...

Alon_AOB

A long term ascending triangle is forming in the S&P500, the triangle confirms a bullish trend up, the point of breakout should be around Jan.2020 according to our forecast, Will keep a close look on this one since the market is in a short term directionless move, probably building the case for the next leg up. Alon