NYSE:BABA is staging a recovery. I don't have a position yet but the stock is on the watchlist.
$NVDA NASDAQ:NVDA has been a market leader, among the last tech stocks to trade lower during the correction. $NSDQ100 is still trying to find its way back to above key resistance levels whereas $SPX500 & $DJ30 are already above these levels. Turning point is on the horizon, for now I'm just loading up on better setups.
Like many tech stocks, NASDAQ:AAPL is flirting with the idea of breaking down. The stock hasn't made a move up in a while, although it traded above the 40EMA for a while compared to its peers like NASDAQ:AMZN & NASDAQ:FB . Last Friday is closed at the 40EMA level, this is a key support level that must hold if the stock want to continue to be in an uptrend....
Good to see KRAKEN:GNOUSD back above the 10EMA (weekly). The token managed to quickly come back above the 40EMA & that grabbed my attention, I bought it. It has been trying to stay above this level in the past few weeks, although it dipped below at some point, it still closed the week above this level. Now it's above the 10EMA, waiting to see this weekly close.
JSE:BTI has had a great run. Currently at a resistance level, and trading lower for the week. Red close for the week might open a window for a short trade targeting the recent breakout level, R590-ish region.
Looking at the chart of NASDAQ:TSLA , it's now trading below the 30 weekly exponential moving average. Is the stock now in a stage 4 decline? I don't have a position here and not keen on owning the stock until it bottoms and trade above the 30 wEMA again.
Patiently waiting for a weekly close above this level. JSE:ZED could offer a potential 1:3.82 risk/reward trade. Patience.
JSE:ANG could be interesting above R360/share. Especially if TVC:GOLD move up.
JSE:NPN just clocked a new 52 week low. Not an achievement I would like to celebrate. Potential support level near R2070. Nothing is too big to fail. Stick to sound risk management. Don't have a position here.
Higher highs and higher lows. Positive signs of life on BITSTAMP:BTCUSD . Worth a nibble here, trade with caution.
Nice breakout on JSE:FSR . Potential resistance near R71. From my view, the juice isn't worth the squeeze, there are better setups in other bank stocks, unless you trade in a smaller time frame.
JSE:SBK weekly close will be interesting. Looking to go long if it close above this level.
If JSE:ACL close below the 50EMA, we might pick it up near R7.50. So vele people are selling because there's no dividend?
It seems like JSE:BVT has pulled back to the breakout level. Wait for a follow through, or pull a trigger here?
Watching JSE:APN closely, interested in seeing today's close. Will it manage to stay above the 200EMA, or it'll close below it? Not interested in a long position below that level.
NYSE:OXY is resuming with the uptrend. The price is back above the 50EMA, implying a semi-strong trend. Keep in mind that the AMEX:XOP is also above this level, showing strength in this sector. I'll be adding to my existing position with a stop loss at $28/share. Remember to practice sound risk and money management. Follow for more charts.
I recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC . The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3...
NASDAQ:FB has found support, initially at the horizontal level, then the 200EMA, and finally it's back above the 50EMA. This is a sign of a bullish security. A swing trade can be taken here, targeting the recent high. A stop level set below the recent low that's below the 200EMA.