The market indeed has memory. AAPL has had stop on 525 level, twice. Not it has finished the downtrend and is poised for a raise. Date: Dec 2 2012 Spot 585 Target 625. (By Jan 15 2013 ) S/L 525
FB extremely over bought because investors think that FB finally have the ability to be profitable. I have no idea whether this will be true or not, but here are some recent drivers. 1. better mobile earnings potential 2. Suckerberg starts to care about his shareholders. 3. anything else. Anyways, FB is up almost 50% since nov 10th. MACD and RSI extremely...
Is there anything fundamental that would make BAC break 10? I dont know But there is significance resistance there, and RSI says that it is a little bought(but not a sell yet). Sell at 10, Stop @ 10.5 Target@ 8.5 3:1 upside.
Credited to Taylor Schwimmer. Stock overbought, MACD negative signal, Overall strong trend. Look to enter around 64 at year end for 6 month holding period
Significanct resistance around 1.3100-1.3050. Fiscal Cliff Worries, Another shitshow in Europe?
Trade Recommendations: Buy at Spot on Nov 26@52.74. Price target 62.5 by Mpril 2013. Stop Loss at 45 Fundamentally I like UA because they can pose a threat to nike with their upper middle echelon product. It is also now diversifying into products other than football, such as basketball and soccer. It also aims to become a traditional sports giant like Nike and...
Ichimoku sent a buy siganl on 10-10, now the trend is over extended. will take a 200 pip correction before hitting 83.00. The shades started moving up around nov 10th. and this means that the uptrend will end soon.for reference see how the shades start to move up during late march. MACD now still sends a buy signal. wait until the histrogram turns negative to...
UA IS taking a pullback, but I predict it will have great performance when the earnings call come on Oct 25th. 1. nike is being hurting its brand by issueing crap like 350 dollar lebron basketball shoes. 2. back to school shopping is huge for UA 3. UA is diversifying its products into non-football components. Accumulate shares now. Wait for pop in Late october.
Long term support at 75 accumulated from 2011. Recently events made the stock take a hit. Such as strong JPY and Senkaku Island incident with China(nationalistic chinese stopped buying Japanese cars) But today reports came out that TM was one of the best gainers in North America in terms of sales. Main Driver: North American Trade recovery. Technically RSI just...
I used to be a huge fan of Sam Adams(SAM), an American independently owned craft beer company. First, I like the company because I like the beer, its rich thick taste triumphs diluted Bud Light any day of the week. I started liking it when it was trading at 95$ in February-ish. The first ever 10-q i ever read was by this company. At that time, craft beer grew at...
Entered the trade at 1.0543 on Aug 8th, Looking to exit ag 1.0390, for 140 pip gain. Bearish Aussie Fundametnals, Bearish China, 1.039 near 21day SMA and 75 Fib Retracement Level.
AWESOME BUY Spot 78.448 Enter @ 78.60(10 pips above weekly high) Stop @77.80 Target @79.5 in two weeks. USDJPY is consolidating in an asymmetric tangle(blue line) The triangle shows that a breakou is about to occur. Currently, Bollinger Bands(not pictured) show that there is currently low volatility.In addition, USDJPY is horizontally supported by 78.12 line...
USDMXN Neutral, August5th. 10:00 pm. Spot 13.15 As this chart shows, the USDMXN pair is testing the two supports. First, the rates now reached the support formed from May - August 2010. The market formed a triple top and failed to break through the resistance. It should now form strong support. The second support is the trend line formed during Oct 2011 and Apr...