Silvestrov

Silvestrov

It is still to be seen if larger structure in Ford will play out: At the same time on smaller timeframe, NYSE:F may be in process of forming inverted H&S. Yesterday's gap down on credit downgrade was bought rather nicely, and while sentiment on company still remains negative, it may actually push the price much higher. In H&S trade, I would be looking to...

Silvestrov

Being one of the best growth stocks, NASDAQ:ADBE lately, however, is underperforming indexes. Yesterday's breakdown on relatively large volume suggests that another leg lower may have started. Based on triangle breakdown, wave symmetry and previous support levels, target on this short should be @ ~256-258. Stop loss @ 290.

Silvestrov

TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong. Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area. Again with such tight stop the...

Silvestrov

Contrarian buy in NYSE:F looks relatively attractive. We continue to see some very nice MACD divergence on daily and price has already retraced by 50% of the move up in early 2019. Today's bullish engulfing candle (if formed) might indicate first sign that the bottom is in. Trade is to buy at current levels, with stop at around 7.4$ and target of around...

Silvestrov

FX:EURUSD long may be attempted. After failed support breakdown in late July, there were two relatively strong rallies in EUR, followed by relatively sluggish corrective moves down on MACD divergence. Possibility that we would see another rally somewhere from current levels is quite high. And trade with stop at around 1.105 and target at around 1.125-1.13 may be...

Silvestrov

NYSE:FCF is breaking out from triangle and is may run up to 15$ target. In addition, potential inverted H&S may be in play later on targeting 17-18 region Stop @ 12.88 Target @ 15

Silvestrov

Two chart patterns are in play right now for FX_IDC:GBPEUR on a long term scale. First of all, GBPEUR is breaking out from triangle, with target at around 0.98. And further there is an option that GBPEUR is forming head &shoulders pattern. H&S would be confirmed, if currency pair breaks neckline around 1, then pound may drop as far as to 0.75-0.80 region. As...

Silvestrov

Small trade may be attempted on NASDAQ:MEDP . Idea is that after yesterday's gap and strong rally during trading session, highly likely that gap is runaway gap. Such gap usually happen in the middle of the move, and thus price may target region ~90. Stop should be at the top edge of the gap at 74.27. Trade suggests around 2:1 in reward/risk potential.

Silvestrov

NYSE:TREX is breaking out from both tirangle and smaller flag and is likely to attempt run until 90 level, where previous top is located. Target is based on triangle and wave (A=c) symmetry. Stop: 67.67 Target: ~90

Silvestrov

NASDAQ:NBIX broke out through acending triangle, and may now rally up to 120-130 level (Sep18 top), where both ascending triangle target would be reached and C wave would equal to 1.61 of A. There it should find strong resistance and potential double top. Stop loss: 79.0 Target: 125-130

Silvestrov

NASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$. Entry: below 135.4 (or current level for more aggressive and less reliable trade) Stop: 144.38 Target: 110-120 (depending on how trade developes furhter)

Silvestrov

Micron reached nice levels where to start building short position. In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession. More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...

Silvestrov

Yesterday NYSE:CDE broke through bearish flag and is now targeting region at around 4$, based on the symmetry and current chart structure. There it should find strong support, for the move higher. Potrential trade: Sell short @ 4.60-4.70 region Target: 4-4.15 S top-loss: 4.90 Risk/reward: 2 to 1 or 3 to 1 based on the entries, which is reasonable.

Silvestrov

With divergences setting up on RSI and MACD and with gold failure to follow through on recent strength, taking profits on junior gold miners ($GDXJ) might be reasonable right now AMEX:GDXJ

Silvestrov

Nice trade may be attempted on FX:EURUSD flag breakout. Potential target is around 1.10, stop at around 1.1225

Silvestrov

Time to take short term profits. After some rest we should see monster run (hopefully) $CDE