chart explains it all, start exiting or prepare to get short into resistance
Im long once price crosses above the green line in a 30 mn or 1 hr time frame. Market is exhausted and sitting on key support. The white lines are possible price action movements (definitely not gauranteed) that has a high chance of happening. usually the market likes to make an inverse head and shoulders or double bottom when it reverses so Im guess this bear...
Inventergy Global Inc. has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag on the right and the price is above the yellow 13 day exponential moving average (EMA) which is a very bullish sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and...
Marke is on long term support, Russia is willing to comply with oil production cut, and decent earnings from some of the large powerhouse companies such as facebook. We will see a rally in the markets following the next few weeks. If that is to be true then that means that treasury bonds will drop due to a switch in allocation of money from investors. This is a...
Simply a very clean ABCD pattern forming, get long in C or above the neckline at D.
Former runner after the CEO announced that this year will be a good year of revenue and reform. He also mentioned, how ICLD has reduced debt into the close of 2015. The CEO here is hyping the shareholders after this junk stock has been crushed quarter after quarter. This can spike again and there is dip buying volume as i point out. TradingView doesn't receive...
LEI just bought new land and needs financing for the business operation. They are releasing more shares to help them do so. It ran 431.35% when they first released the news. Thats not something you see often; former runners tend to bounce and spike largely again. We have another very clean reversal bowl pattern for the upside. Unfortunately TradingView doesn't...
My last call on AAPL was a fakeout, this is in fact is an actual confirmed breakout after a fully consolidated flag patterm, simply get short and have a tight stop as instructed on the screen with the color coordinated boxes
Past few days, we have seen failed bounces here in the market. One key level has come to my attention that is actually going to determine the next move. That is the green support line (191.70). On the daily chart that is a very active support/resistance level. As you can see I circled the past few days activity around that level. Traders are playing off that...
NFLX is a warrior in a bear market. We have seen the stock rally when the indices were falling fast. Now we have a retracement coming down into a very key fibonacci level that has confluence with structure support (0.764 retracement). Simply get long if we close a 30 mn candle across the white downward resistance line. Do not get long if we never close above the...
After the market closed, AAPL reported news about a slow demand in their iPhones. They now will slow down production of their iPhones which shows the continuation of failure in AAPL the past few quarters. Im assuming we will see a lot of short selling and just selling in general tomorrow. Get short if we break down the the past two days lowest price.
My last post on AAPL, I called the washout when they released bad news about a weak demand in Iphones, here we have consolidated on our trendline. This is a bear flag continuation pattern, that had a confirmed breakout into the close here and with strong selling volume. Im short right now and hope to see it take down the low (green line). Get short n place a tight...
Head and shoulders. hello bear market. Get short and dont be afraid to hold. I stated in my other post recently about being careful in this market. Volatility is coming.
All I care about here is that green dotted resistance line. Once we can get a 30 mn candlestick to close above that line then we can setup a long trade. If the candle never closes above I don't to trade it. Heres why I think this has a chance at rallying. 1) Closed red on the year just a few days ago, first time in a long time. 2) Sentiment in market is fearful,...
As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...