Found support @ 55-EMA, but negative sentiment has us Bearish
Trade Setup for TXN: Entry: After a close above $75.25 Stop-Loss: Start @ $74.00 and trail the stop as TXN moves up Target #1: $77.25. 127.2% extension. Take 50% off the table to lock in profits Target #2: $80.47 161.8% extension. Take 25% off and tighten stop-loss. More at techcharting.com
Entry: 107.25 Target 1: 119.29 Target 2: 128.10 Stop Loss: 101.75
Completes a 100% retracement and now looking for 839.00
Facebook (FB) gapped lower back on November 2 from $127.17 to $122.00 after a worse than expected earnings report. After hitting $114.77 last Friday, FB is hot out of the gates in 2017 and back into that Gap Area (see shaded rectangle above). Facebook has been trying to break its downtrend and it finally looks poised to do so. The RSI and MACD indicators...
Tesla loooked to be heading way lower yesterday, trading all the way down to an intraday low of $221.95, but the buyers swooped in and pushed the stock back up to $226.75 to close the day. Looking at the chart above, yesterday's candle (highlighted in oval) has a long bottom wick, showing us that the bulls refused to let Tesla go lower. We would have loved to...
Creeping back towards its moving averages, giving us a nice opportunity for a bearish trade setup. It broke down out of a wedge pattern last week but has traded sideways since. Looking for it to move down to lows made in December and November for price targets. Stop Loss: 21-day EMA or 8-EMA if you want less risk
Definitely some positive sentiment about the stock, but it can't seem to break out of its downtrend. The 61.8% fib line showed some resistance yesterday and sent the stock lower. We will be looking for a close above 119.55 before going long. More charts @ www.techcharting.com
$USDMXN broke through this level set shortly after the election. MACD is bullish for the pair with a recent crossover and trending upwards
A break below and we could be looking at 112.50 to pick up the 55-day EMA and a 38.2% retracement
4.45 millions shares traded vs. average vol of 671k
Looking for a retracement to 207.07 if stock continues lower at the bell
A move above the 21-day EMA today; looking for 113.78
Still plenty of overhead resistance, but a good start to 2017. MACD is bullish and trending up