JabezZinabu

JabezZinabu

Here we see price moving off of a larger time frame trend support line which is also a 78.6 Fibonacci retracement. If price breaks the green dash trend line, after a retest look to go long, if it fails to make a higher high and continues down, watch for a retest of the larger timeframe trendline or break for a longer term potential break down.

JabezZinabu

as price approached and failed to extend past the resistance zone, we can see divergence forming on the RSI, looking to short the break of the trend line.

JabezZinabu

With price at a key resistance level in a triangle formation,we're looking for indications of the next direction. Because of lower than expected unemployment numbers for the month of September (-9.8k vs. 15k expected) just released, ill be looking for short positions.

JabezZinabu

Looking at a 5 day price chart we see price may have formed a top at the 161.8 fibonnacci extension level-which began from the 2009 low, and followed elliot wave theory up to the 5th wave. Now looking for the corrective move to play out, possibly in the illustrated form.

JabezZinabu

Coming off a triple top bearish pattern, price is at the lowest level since July. If the current trend continues down I'm looking at the 38.2, 50, and 61.8 Fibonacci retracement levels to cover the position.

JabezZinabu Updated 

Head and Shoulders technical pattern + break of 2 year trend resistance = long bias Watching for a pullback off the double top, keeping eye on 50% Fibonacci retracement which is also the 2 year profile POC, for potential reversal zone.

JabezZinabu

Price approaching a 1 year trend-line support, which is a part of the larger time frame flag/triangle pattern formation. Elliott Wave principle is showing a 12345 impulsive move followed by an abc correction. Looking for reaction at this key support level to determine the direction of larger trend.

JabezZinabu

Price is at a key support level, a turnaround to the upside would confirm the ABCD pattern and retest the highs of the range, A break below support would invalidate idea.

JabezZinabu

From a technical view we see head and shoulders completing and breaking down below a key 2016 support level. Key support levels at targets 1, 2, and 3 based on Fibonacci extension and retracement commonality zones.

JabezZinabu

Fib extention in resistance zone, inverted head and shoulders, and Triangle breakout support a potential long bias

JabezZinabu

based on the head and shoulders forming, if price gets rejected at the current level looking to enter short and watching for rebalance around the 2040-2060 price level based on the Fibonacci cluster zone and the head and shoulders trend line

JabezZinabu

Fundamentally good company compared to industry averages - www.reuters.com Bullish technical indicators showing confluence around the $12.50-$13 zone including: - ABCD pattern - 70.7% Fibonacci retracement level - 161.8 Fibonacci extension level - Trend channel resistance Good fundamentals and bullish technical indicators could extend the trend before...

JabezZinabu

Long term trade analysis: -positive EPS, sales q/q, ROI, ROE, ROA, over 80% inst. ownership, 75%+ gross margin, low float and shares outstanding. Fundamentally valuable company potentially selling at a discount, potential value trade. - key technical level around $8, if price fails to extend past 8 selling may push towards new lows, if bulls push price higher...

JabezZinabu

AHC saw a 13% increase after rumors of acquisition talks which can be found www.bizjournals.com Price spent most of 2015 selling off, finding balance around the $5-$6 area until July 2016 when it reversed. Since then its broke out to the upside and recently hit the 161.8 Fibonacci extension as well as a former trend support line now acting as resistance. Watching...

JabezZinabu

Hang Seng Index on weekly chart, after a bearish end to 2015, price has reversed and been bullish since the start of 2016. If price fails to extend beyond the 1.618 fib extension level completing the right shoulder of the pattern, look for continuation to the downside

JabezZinabu

shark pattern forming on 4 hr, looking for reversal move up, also finished Elliot wave c retracement to continue impulsive move up. 5% risk looking for entry around 151.35 long.

JabezZinabu

VSAR beginning reversal of trend, looking for confirmed channel breakout on hourly time frame, then long entry after a retest of trendline. solid fundamentals with good previous qtr earnings.