canuk101

canuk101

Looking for AMT to confirm the false downside breakout and roo-tail and push back to the 240 mark, with further upside to 260. MACD divergence supports bullish outlook for the 5G service provider. Enter upon confirmation of Friday's roo-tail. Stop: just below the roo-tail, Targets as mentioned above.

canuk101 Updated 

MCD's has been trading sideways through April but a range of chart divergences and a higher-low pattern show the stock is seeing momentum shift to push higher. Catalyst: CEO confirmed on Thursday that supply chain is not a problem as others (Wendy's, Costco & others) suffer with COVID-19 outbreaks at packing factories. Divergences: Both MACD-Histogram and...

canuk101 Updated 

Sadly the mighty Ford is showing its true colors. Nothing material in the line up except repeat sales of the F150 and Explorer and getting plumbers and electricians to convert to their Transit van. Auto buyers now currently fall into 3 categories: 1. they bought one recently and aren't ready to trade up 2. they're unable to buy one as they just got laid off 3....

canuk101 Updated 

DE is showing a strong bearish MACD-histogram divergence following a second failed attempt close the gap-down and break resistance at 147. CAT's (same big machinery bucket) earnings miss, downgrade and refusal to give guidance might weigh on DE too. Next support levels down are at the 129.50 (~5% down), and then 110 (~20% down).

canuk101 Updated 

CAT is showing bullish divergences into earnings on Tuesday. Price line is tracing a first "higher low" and the bullish follow through is shown in all my key indicators. i. MACD is diverging on both the histogram and lines ii. Stochastic shows momentum has bottomed and turning up with plenty of room for a price rise iii. Elder's Force Index is rising with a clear...