After falls in the index in the last quarter of 2018, we have see a rally back into the sell zone(87.5% fib). My target would be around the 5000 handle, which is nearthe 75% fib level on the monthly chart . This area is where the bulls should turn up, as the index is in a very strong bullish trend on the monthly chart.
After an accumulation range with higher wave top and higher wave bottom, price pulled back into the 50% Fib level with a buy pivot printed on the daily chart. A sum pull back on Wednesday in to 50% fib of the previous day is a good sign that all the supply has been absorbed. I'm happy to get long here with as target of $865.
Its been a long wait for a lots of us but final we have a strong long entry signal. Nice pull back into the buy area(75-87.5) with a nice buy pivot printed 2 days ago. The RAVI is confirming that a trend is in progress with a reading of 3.865%(trending markets are >1%). The price didn't get as low as I would have liked but I'm happy to entry a position at this level.
ASX:GNE has generated an entry signal on the daily scan. GNE sells electricity, natural gas and LPG to one in four of New Zealand's households through two retail brands: Genesis Energy and Energy Online.
BTCUSD finally got interesting over with a break above the 4000 handle. With a buy pivot on the weekly charts and a buy pivot forming on the monthly chart, I'm look a long position around the the 3760 level. My hope is that price pulls back in the buy zone around 3500 to get a better fill. This will confirm my previous analysis, with a target on the weekly chart...
After a long accumulation range that end last quarter of 2018 , we saw a breakout with the price reaching the mid seventies. This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot. Good stopping volume came into halt the price as it move back to the center of the...
ASX:NEA has thrown up another entry in our daily scans. The chart is still looking good and continues to trend. Disclosure: We are holding this stock.
ASX:GOR triggered another entry signal late last week at 0.78c and the long term chart for the company is still looking good.
ASX:SSM The network services provider continues to trend higher. Our scans have provided another entry signal for the company. Declaration: We are already holding this stock.
After a long accumulation range which start in 2016, the Aussie moved higher until February 2018, then selling off into the buy zone at the end of 2018. A nice large pin-bar on new years eve saw stops being run out , since then we have seen 2 buy pivots. Should see the Aussie trend higher, breaking the 2018 high, as the gold price moves in a strong up trend. An...
Since the first quarter of 2015, the EUR/USD has been in an accumulation range until a breakout to the upside in May 2017. Price has now pulled back to the POC (point of control) on the weekly chart, which is a retest of the prior range. A weekly buy pivot is now forming at the 50% Fibonacci level. A long entry signal on the daily chart has now printed.
ASX:AIZ is looking good here after the recent low last October. Current levels go back to 2002.
Medical devices holding company ResMed Inc. NYSE:RMD is looking good at these levels. With announcements due on the 24th I'm looking for the trend to continue if the results live up to expectations.
Since December we have seen a weak rally of price back into an area of resistance with decreasing volume. A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
Navitas ASX:NVT receives revised non-binding proposal from the BGH Consortium at $5.825 per share and Board intends to recommend to shareholders.
On the weekly chart we saw pull back to the 87.5 level. Stopping volume halted the decline from November through December, producing a buy pivot at this fib level. Daily chart shows to prominent buy pivots for a good entry. The price should get to a least the 50% weekly fib, which is the 10700 level, the weekly POC (point of control).
ASX:EVN moves higher on the back of the GOLD price...
Buy pivot on the weekly chart is good indication that we should see higher prices for Ethereum . The has also entered a demand zone (where price exploded out of a range back in May 2018). May a run to safety away from the volatility of the Equity markets. Price has also closed above the cloud on the daily chart , which is also a good sign for to long for long...