Combat Copper Inc. attempted to move out of a reversal wedge at the bottom of the market that has been shaping up since August 2012. The price at the close of the last session is above the bound of the pattern, which means the gauge has broken out of this bound. If the reading retraces to the level it broke through, it will not return inside the pattern, which...
After breaking out of a wedge pattern of an extending trend that had been in place since spring 2009, Drew Industries Inc.is again attempting to approach a potential double top at USD 54.52, a mark reached in October 2013. The target is very attractive both for the bulls and the bears, and the stock will therefore most likely reach it. After breaking through the...
Oshcosh Truck Company took a nosedive under the 45.06 mark it reached in August 2013. The recent upward trend may be seen as correction against the level the gauge had broken through. Investors may open short positions from this level with the 40 target, the price of previous dips below the 42.06 mark. A Harami candlestick pattern and the double top have shaped up...
GM has not pushed below a strong 33.15 horizontal level of 2011, slipping out of it to the upside through a gap. Logically, it could once again start moving upward toward the upper bound of a large potential flag in the vicinity of 34.35. The first target in a short upward movement is over there. If the price manages to move to the upside beyond the bound of this...
AT&T Inc. is hovering within the 33.30-33.86 gap. This is the level of historically intensive trading, the key support level. If the price touches the lower bound of the gap at 33.30, investors are advised to open long positions with the target at the upper bound. A triangle is shaping up, which could make investors even more confident. The lower bound of the...
An impressive decline in Gamehost Inc. stocks, from USD 17 per share, may well be over. The shares reached a strong level of April –June 2013, USD 13.15 per share, and a reversal wedge pattern typical of this level has shaped up. The gauge is likely to rebound toward the bottom of the wedge at 14.25 or reverse to move toward a more distant 15.40 mark, a strong...
GM shares stopped falling in mid-October, bouncing off USD 30.50, a strong historical level. Attempts to break out of the falling band YTD were blocked at the USD 33.80 local resistance level. At this point, the band, within which GM tried to trade up, was breached to the downside. The stock has already retraced to the breakout boundary. Investors can short the...
On the daily chart, Universal American Financial stocks showed a double top at USD 9.27, with the pattern shaping up after a powerful counterattack signal on October 31, 2014. Stocks tend to slide in the wake of this signal. The Monday session is closing with a shooting star on the upper boundary of the pattern, a perfect time and place to short the name....
Johnson& Johnson broke out of the strong 108.70 resistance level, and, having retraced to this level, started to rise resolutely. The gauge is likely to top the bound of a potential diamond pattern that has been shaping up since mid-2014. There is a possibility to buy with the 109.35 target, the top of the diamond. This target may be reached almost immediately....
The share has broken through the key $23 level and exited a strong downtrend that took hold in 2000. The flag pattern pointing to trend continuity has shaped up, implying further upward price movement to the $33 mark and then on to the $38 mark. Targets of a sustainable price range lie there. Steady growth in OBV, which has reached new highs, also tends to...
Eldorado Gold Corp. managed to immediately close the gap from October 30-31. Now the price is trying to roll back to its upper border at 6.05. If the support level formed on the border of the gap withstands testing, it makes sense to go long with the target of 6.80 - 7.60. Size of the previous spike allows us to hope that the target will be achieved soon. Rising...
Continuing upward movement, Bank of America came to the significant level of 18. All the cycle from 6 unfolded under the Elliott wave principle. Impulse -wave 1, simple wave 2, protracted wave 3 and wave 4 creates a triangular corrective pattern. Wave five is the final leg in the direction of the dominant trend and it should be powerful. If we take length of...
US QE program bore fruit in the form of rapid growth of stock indices.
However, it is interesting which level will be reached and when we should be on alert. The first obvious S&P 500 target is 2,100 mark – Fibonacci progressive level of 1.618, deferred from the first removal of price after the crisis.
We can expect correction of this frantic movement. It is...
