Apple seems channeling into a sort of descending wedge. Based on oversold condition and with the price reaching the support area it could be a profitable trade with a long position. Look for William %R and EMA crossover confermation. Possible bullish divergence if the price hits the trendline.
The price seems pointing to H&S neckline, so we can expect a test on this level before a possible bounce to the upside. A possible measured target could be a confluence area between 16,50$ and 18$.
Many indicators are suggesting the same direction: down. The price is under the cloud and under the rising trendline. Signal line on MACD points down. OBV shows a strong selling pressure. DMI suggests that bears are still controlling the market. Possible targets: the support areas.
After a correction with a triangular pattern now we can observe a breakout to the upside. The target could be a measured move applied to the breakout point or the previous spike around 14$.
After the company reported better than expected 2016 first quarter earnings and revenue the price is pointing straight up. From a technical point of view the price in now above double bottom neckline and above 200 MA, showing a possible trend reversal on daily chart. Other details on chart.
After previous peak (13$) the price retraced reaching 0,7 Fib line, building a support area. Signal line on MACD too shows a recharging phase. Trying to measure a possible impulsive wave to the upside we can expect the 11$ level on the long run.
From August 2015 the price bounced several times on the support trendline, building a triangular pattern. Now we can observe a clear breakout to the upside, reaching new highs for 2016. Current price(465) is a resistance level, so we can expect 2 scenarios: a little correction or a straight move to the 500 level (first target).
This bounce should drive to middle Bollinger band or to upper Bollinger band. Bullish divergence and possible harmonic pattern.
Possible bounce on lower trendline. Bullish divergence and good support area. Possible target: upper trendline.
The price is now above 200 MA, giving the signal for a possible trend inversion. Signal line on MACD points straight up. MACD histogram gives a little bearish divergence, indicating a possible correction for a new leg up.
Good possibilities to go long on Recro Pharma after a good confermation on downward channel breakout. Many indicators give the same direction.
This security is very volatile, but it could be very profitable. Looking at the price range during this year it's not impossible to touch a tipical measured move for triangle breakout, with a 71% gain.
After a consolidation phase, Etheur points down. Bounces in middle Bollinger Band pointing to the lower one, breakout on lower trendline, CCI under a descending trendline, signal line on MACD points down.
Looking at this leg up during 2016 there is a not very clear breakout on downward trendline, with low volume in that point. On MACD there is a bearish divergence and the signal line is in overbought. If breakout is confirmed than the volume will increase, otherwise i'm looking for a correction in the 0,5 - 0,61 area.
From 2013 to 2016 gold was constrained into a downward parallel channel. On march 2016 we can observe a breakout on upper channel. At this point i see 2 possible scenarios for 2017: you can look at the chart for details.
Looking at previous double bottom pattern we have seen a leg up that touched the downward resistance trendline. It seems we are in the middle of a correction, with good possibilities to test neckline level. MACD is giving a strong selling signal. Sorry for my bad english and good luck.
Looking at previous hight (414 level) we have retraced more than 0.61 and there are good possibilities to reach even the 0,764 fib line. Meanwhile standing at MACD signal line it seems that selling pressure is losing strenght. So in my opinion we can have a look for a possible reversal with a double bottom pattern with an higher low. Good luck for your trading