Indicators looking bullish with room to go higher 100EMA acting as first resistance A breakout above the 100EMA should see a climb to next resistance 200EMA Take profit at 1 Fib Extension
Stochastic and RSI have room to go higher MFI and OBV turning bullish 100EMA acting as resistance, breakout above it should see a climb to 200EMA at 1 Fib Extension
NKE got beat by the .618 fib but has now found support on convergence of MA's Target $96 is today closes strong
Strong bullish engulfing candle today for ALLY Looks like we will see the trend reverse after the consolidation for the past 2 weeks ALLY should retest the .5 fib retrace
Looks like QCOM has found support on the ER gap and is set to consolidate here for a few days Still early to get in but keep your eyes on it Target for .5 fib retrace
- FAST has found support on ER gap and previous high - Likely to consolidate for a few days before we see a move to the upside - Overall, trend is long and strong and sellers are exiting - Look for a jump to $38
ALLY failed to fulfill my breakout to $34 and hit resistance at $32.5 retracing back toward $30. 5MA and 10MA have crossed below 90MA and the EW oscillator is bearish from the recent correction but ALLY is well supported here around $30.5 and it should consolidate here again. Set stop loss at $30 and hold through consolidation.
- As predicted. if ABT successfully broke down channel (pink) it would head into new up channel - Overall correction looks like its ended and now looking to hit previous high
- NKE has shown clear support on the ER gap around $90 - I think it'll continue to consolidate for a few days before any noticeable gains are made - Short MACD on the daily chart is coming off the back end, good entry point here - If NKE breaks $91 I think we'll see a run to $93 or $94
- Supported well at $89 - $90 - Broke resistance after earnings beat - Coming off the back end of short MACD (2hr) - Daily trend at +66% - Ideally a short term buy, likely retrace back to $90