The-Trend-is-the-Friend

The-Trend-is-the-Friend Updated 

TSLA Breaking Down. Lower Highs and Lower Lows. Gap @ $74 could be filled. Watch out below!

The-Trend-is-the-Friend Updated 

Double Top, Head and Shoulders formation - Breaking the Neckline... What a NASTY picture. All while Money Flow and RSI are stair stepping down. Beware! Breaking the Neckline can produce a 40% correction. Readable target @ ~ $25,000

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Possible Head and Shoulders pattern with Neckline @ $24. A break would give readable targets @~ $14ish. This also coincides with trend channel.

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MSFT appears to be reversing years of advance. Stair-Stepping Down. Watch key support.

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Google has reversed the blow-off top. B.e.autiful example of reverting to the trend and filling the gap. Textbook.

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MPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation. PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place, industry replacement value offers a...

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TEVA has been a repair story now for many years. With litigation in the process of being resolved, debt burdens of $2 bn. per year appear manageable with cash flow - TEVA is moving away from a debt/litigation story to an equity story. Cash Flow of $3bn + per year, Net Income of ~ 2bn.+.... warrant a blended Intrinsic Value of ~ $22 per share. TEVA's technicals...

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COIN formed a nice base which then traded higher and broke-out into a rising wedge formation - textbook into earnings release! Watch the key technical levels, and as always - The Trend is Your Friend.

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Textbook playing field here. Upward wedge is holding and still in a bullish formation. ~ 1:30 AM tomorrow morning (blue vertical line) could be lift-off. This would be a textbook scenario. Taking the wedge and looking at 3/4 of the distance. Liftoff!?

The-Trend-is-the-Friend Updated 

Watch the trend baby! Great patterns and technicals. Textbook ideas of what is happen with Shiba. Stay long unless trend breaks.

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Revisiting textbook technical patterns. Classic double bottom, Fibonacci levels, Reversion to Trend’s and Inflation Adjusted Returns. All b.e.a.utiful patterns happening. Blue call outs are where BHP and RIO indicate FCX should trade.

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FCX appears to be reverting to historical inflation trends. Double Bottom, V - Shaped, and Inflation Adjusted Trends all appear to be present. Copper is showing strength as well. Watch Supply/Demand. See notes on chart.

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TEVA Breaking out with heavy volume of a cup and handle formation. Target to fill gap of $14-$15.

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Attention to FCX if stock can continue to move higher. Trendline indicates 1.80% annual inflation. From a high of $17 in 1996 would equate to $~$26 2019. From a low of ~$3.81 in Nov 2000 a 1.80% annual inflation rate would equate to ~$5.35. From a mid point of $10.50 = $15.27

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Reminding viewers of what we posted 17 months ago! Lots of research being published today. The simple version is to remember Basel III agreement TCE ratios. That being addressed, GE will need capital. How that does it remains to be seen. GE needs a minimum of $32.25 billion adding non controlling equity back to the balance sheet. A maximum of $52.56 billion...

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Oil broke-out of a major 20+ yr. consolidation phase during the summer of 2004 at ~ $40. Fibonacci advancement levels proved important indicators to keep an eye on. Those being $64, $104 and $144. Once the peak in oil at ~$144 happened - Oil did what was considered normal to do - Retest the Break-out! This is exactly what it did. In 2009 oil was bouncing off...

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Gold broke-out in mid 2004 at $415. From there it spent a year consolidating and staying above the break-out. In September of 2005 Gold trended higher and starting a trend. Fibonacci Levels have proven important to watch. When break-outs occur they usually tend to move in 61.8% advancements. Hence a break of $415 produced a target of $671 (415 x’s 1.618). ...

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RSG broke out of an upward wedge formation back in 2014. Fibonacci advancements have proven correct so far. RSG recently reported solid earning while also increasing the dividend by 8%. RSG is also focusing on converting customers over to a 3% or better price adjustment contracts. The Trend Is your Friend! Focusing on the technical as well as positive...