There is a potential move down to shake weak holders and move up where it is originally moving.
In short time bullish movement will create medium term correction move down to 1185 area. and then there would be nice move up side for a while.
INO has a potential jump up ones again, but we have to note that there is one more dip down as it gets more fuel.
I am watching Copper to consolidate and move up trend as the Soft Monetary Policy all over the world. But we have to note it would take some time also
Even though there is Rio Tinto's New Boss is welcomed by the market and commodity price is supported are the good news to sell.
The low of 1936 is well supported and the volume comes higher than previously traded. In medium term, the this level will be best buy level. But soft monetary policy and low rates are pushed a lot of money to the market and the demand will be higher. So 2200 level is nearest support level now.
We have to be aware of newly acquired business unit surprise news to hands change.
Long term trend line is nicely supported and also just penetrated the medium term down trend line. Now there should be more accumulation to correct the short term up move. I the price stays outside the med term trend line to correct then there should be next sudden movement up to the level.
Let's watch carefully for the long trades as of central banks are holding their stimulation neutral, and most of the indexes are in correction. There are no clear direction yet.
Apple company is going to release new product to the market. That is good news but from the chart, it is still in correction phrase. Many analysts forecasting that 21th of March product announcement would trigger bullish move. I think the correction phrase can be completed in short term it would go up but there is still one more move down to the up trend line. For...
if the price move to over 35 level or penetrates down to the short term red line then there is a selling opportunity.
if the price dips down to 50 area which is fib 78.6, best buy here.
Alibaba is in potential up rising till $81 level. If price dips to the buying zone that would be more secure rather than jumping on to the movement in the middle of nowhere.
There are upside trend line is broken down and price formation is possible expanding triangle under the trend line (pink line).
Long time trend line is supported, and MACD divergence in play. Trade with care as the stock closely correlates with DOW and SPX500. They are both pointing south though.
There are nice gap to trade here. As soon as the gap filled it would resume the direction it is going.