BitterSweetMarkets

BitterSweetMarkets

Failing to push above 1.10/15 it seems the emphasis is to the downside. For the week ahead i will be selling any rallies targeting 1.1185 as a 1st target and 1.1065 as a second.

BitterSweetMarkets

BBG is at a critical level (area),having broke out of its Double Bottom pattern, it's having its first stab at 7.60 Resistance (area) since mid July 2015, This level provided good support in December 2014, and again in June 2015. News surrounding this stock is positive atm, and the sentiment is Bullish. It's a tad risky going Short and so my stop is at 8.33. TP is...

BitterSweetMarkets

Multiple support level 9240/60 area now in our sights, The double top around the 9670/90 area was another invitation for the Bears to join the party. It's a downside scenario...

BitterSweetMarkets

The 2670/80 is a critical level (area) A hold below this level (below the Trendline) and we can expect to see further DS to 24.96 (1st Support). If the Trendline holds, the uptrend stays in tact and i will be Long...

BitterSweetMarkets

On this Weekly chart the Down Channel is of some concern for this Stock along with poor growth in net income, and weak growth in its earnings per share along with other negative factors. However a break in the downtrend and the news surrounding this company today and ongoing this week could provide an opportunity to Buy this stock and hold it until the close on...

BitterSweetMarkets

A Strong rally during the recent session has provided a selling opportunity albeit probably only short term as further upside is likely. A Pullback is imminent in my opinion, i will be shorting this at the next open and then look to go Long in the Buy Area, providing we keep the uptrend in tact by respecting the Trendline. First Resistance Area 1050/75, above that...

BitterSweetMarkets Updated 

GNCA Stock was up almost 400 pips today on heavy trading volume after the company reported positive efficacy data from a Phase 2 trial for its genital herpes treatment. It rallied until it exhausted itself at Oct 2014 multiple resistance area (7.75,8.25 respectively). Indicators are signaling a Pullback is imminent, prices could consolidate around these levels for...

BitterSweetMarkets

The Weekly Chart on the SIMO is continuing its Bullish outlook, the Up Channel from May 2014 coupled with the Inverted H&S pattern from March 2015 through to March 2016 tells us that this Stock could well make new highs on a weekly basis until it finds strong resistance around the 44.50 to 47.00 area (Red Highlighted Box). The Neckline Breakout confirms the H&S...

BitterSweetMarkets

Its a nice Bullish Pattern, however from mid February the uptrend is steep ! The same uptrend can be seen from the 2nd of November 2015, resulting in a 65% retracement, which began to form the weekly Trendline Support. The difference this time is we are at a stronger Resistance area. (grey shaded horizontal) A Pullback in inevitable, and my idea is that it will be...

BitterSweetMarkets

From the lows of 1998 the 1.20 area has provided solid support numerous times over the years. With almost a mirror image post 2008 we once again find ourselves re-testing that Support level. From a Technical perspective going Long would be the obvious choice, however the news surrounding Sunedison could suggest otherwise. So in this case i will be looking for...

BitterSweetMarkets

This Stock has had a massive run up as the price of Gold has moved higher. Typically this market retraces 60% to 80% based on years of price action monitoring. Strong Resistance can be found at 4.28 area, which so far has been respected. Minor Resistance before that at 3.62 which is now support must be breached in order for us to follow through and go Short at...

BitterSweetMarkets

Well they say history repeats itself in the Markets. Here we have the highs of October 1996 reaching the 150.000 level, 18 years later during November 2014 we are back at the 150 level. A sharp decline on the Weekly shows that Today we are trading around the 125.660 level. A pullback to the Weekly Trendline Resistance between 128.000 and 130.000 would be where we...

BitterSweetMarkets

A break and hold below the Neckline and the Head & Shoulders pattern is invalid. If the Neckline holds as Support then A high probability trade would be to go Long and aim to re-test the highs of December 2015.

BitterSweetMarkets

From the highs of 2008/09 two major levels are now being tested. On the daily chart the channel up from January 2014 (yellow area) has been breached at the trendline support (blue shaded circle) and almost immediately met with the first major support level (area) which so far has held. However it appears to be a pullback meaning it may well have another stab at...

BitterSweetMarkets

The Mother of all resistance levels, if we go back 25 years to June 1991, July 1993, July 1997, February 2003, February 2015 and November 2015 the 7.13000 level (area) has never failed except during the 2000/02 crash where the dollar skyrocketed. As the price is now showing signs of consolidating (yellow box) the recent primary trend (blue arrow) is usually...

BitterSweetMarkets

A Cup and Handle pattern formed from the highs of December 2008. The black horizontal level at 9.15202 provided strong resistance early to mid 2009 (red arrows), it came back into play December 2014 and January 2015 (red arrow) again providing strong resistance. From September 2015 until the end of the year that level became strong support (green arrow). A...

BitterSweetMarkets

The 0.01530 level (area) is critical, the first red arrow shows the market respecting this level during June 2013, April 2015 the same story although we now in an uptrend and the weekly trendline support (blue line) clearly shows this. But what's interesting is the behavior during February of 2016 as this level is tested once again. Inside the green shaded circle...

BitterSweetMarkets

The 0.01530 level (area) is critical, the first red arrow shows the market respecting this level during June 2013, April 2015 the same story although we are now in an uptrend and the weekly trendline support (blue line) clearly shows this. But what's interesting is the behavior during February of 2016 as this level is tested once again. Inside the green shaded...