Cup and handle clearly forming, developing to a breakout above 100. Next stop 120-135.
Judging by the pattern, a bullish pennant, and the close on friday at +65% or so, clearly above the key supports (25 and 50 MA on the 15min chart) this is a bullish setup. The weekly chart stochastics are pointing firmly up as well, it looks like we will have a bullish breakout on monday. The high volatility on this stock means you can lose your shirt easily,...
Based on previous pattern, fundamentals, and TA. This is my best guess for the scenario I see unfolding in the next weeks. We come off the top of this wave and are clearly in a sell-off, we will stay in this triangle and hit 25MA resistance (yellow) then bounce off 50MA support. Then we do the expected run upwards to the triangle top and since everyone expect it...
Not really a confirmed breakout yet, but interesting pattern, this could move higher as this new potential channel develops. Several key resistance lines need to be broken on the weekly and daily views. Looks very promising for a long or a swing trade.
Looks like a breakout and we caught the middle of the break, using tight stop rode it and then stopped out on the pullback. So good trades. Outlook now, could be a continuation of this new pattern, which could lead to a nice breakout, or we can fallback, next few days will tell us what is going to happen. I lean towards a long on gold but some key levels need to...
Looks like Dropbox has not been able to power through this next resistance level (red dotted line) The breakout is steep, but it looks like it could fall back just as hard. If you missed the initial breakout now is not a good time to enter, better wait and see where she goes next. We already secured our profits. If this breaks the red dotted line we will get...
Bearish divergence on the last top. Increasing price but declining money flow. Declining volumes. I do not expect MT to be able to make a new high from here, indicators say it will make a lower high and then pullback, but of course we love surprises. Would wait till end of the trading day to see what USA opening does before deciding to enter a short at this...
ArcelorMittal SA is the biggest steel manufacturer in the world. We had a stellar run from the march low and we made good money with this stock. A lot of people believe it has steam left. The big question, is this the top or are we going to go higher? Some institutions have upgraded MT to anywhere between a 25-32.5 EUR target. We got the high steel prices,...
We made the run on the vaccination news in november and closed our position at the top. Then we went short. Last week closed shorts and are in cash. Why? We are at a crossroads. We do not know what effect the dividents news will have on the bank stocks, and same goes for the increased ECB support/lending. So it was safer to wait and see. We did not see much...
Had a great run with INGA, then the sell-off from the top. Stochastics on weekly say we have downward momentum still. INGA is holding at the first green line (support) and if it breaks will move to the next green line (1 channel lower) if that breaks.... etc. etc. If INGA manages to break the red resistance line we will have a breakout and can go in for a swing...
We rode EBAY on this move that looks like a potential breakout. Could be a nice run, or it could fizzle here, I am leaning bullish. Drew some of the important trend lines here. Remember, better to trade the chart, not the company!
Bullish setup, nice place to add and see if we will test for the top again. Long term trend is very bullish (see weekly) if we move to the 15min view, it looks like we missed our chance to add in this dip, and monday I expect this to shoot up on opening, however still plenty of room to move up higher, so using a trailing stop loss we will decide entry monday...
We had a long position up untill the last top. Then got stopped out today. This stock is still making it's way higher, this week we broke out of the trend channel and onto a new high since march. I think we are moving towards pre-march levels before year end, so still a lot of upside potential. We are now looking for a good entry again. We are approaching...
ABN is stalling, volume decreasing, little buyers at the top of this rally. We have been pulling back for 2 days and did not make a new pre-march high. Take note that we pulled back exactly from the purple/pink top trendline. We did not break top resistance and will retest bottom support first around 8.840 then possibly 8.650. Looks like a buy the dip, weekly...
EURONEXT:ABN We completed a very nice 2 day bull run yesterday based on the Pfizer vaccin news. Such volatile runs based on short term news are often short lived as fundamentals regarding covid have not really changed and true industry rotation is far away. After two straight days of gains I sold yesterday afternoon. This morning I shorted ABN to 8.3, now...
I have been following this stock since the crash in march 2020. I always pay attention when Dutch bank stocks tank. Main reason is that Dutch are super conservative when it comes to banking (in comparison to USA especially) and regulate the sector well. This is the second biggest dutch bank and it's chart is very similar with the nr1 (ING) which I also have opened...
I have been following this stock since the crash in march 2020. I always pay attention when Dutch bank stocks tank. Main reason is that Dutch are super conservative when it comes to banking (in comparison to USA especially) and regulate the sector well. This is the biggest Dutch bank and it's chart is very similar with the nr2 ( ABN ) which I also have opened a...
A lot of bad press around ABN + covid19 made people dump the stock massively in March and it has been undervalued ever since. It did not enjoy the steady recovery other stocks made after the march correction, making it a prime candidate for investment. This Dutch bank is very well funded and healthy, large dutch gov. share + oversight (25%+) in the bank also...