Fundamentals:
Nokia took a big hit after stating that they are starting an internal investigation on alcatel lucent which they have bought. Investors reacted pretty hard to this and the stock was diving more that -8% during that day. It of course could be that there will be some negative facts to be found and in the worst case even some fines to be had. So there...
After my initial post on the inverse H&S pattern the price of UKOIL has been recovering. Currently we can see fibonacci retracement providing resistance at 50% and ascending trendline showing support. Also we can notice on RSI9 that the price has been bouncing of level 50 and keeping above that. This is a bullish sign.
So looking at the formation of the...
After the harsh drop of 2018 in the stock market we've now enjoyed a signicant uptrend. However looking at the body of the green candles we can see them getting shorter and now recently some red candles as well. This already signals a weakening in the uptrend but now we also see a "abandoned baby" -pattern. This is usually a rare pattern but has been previously...
There is an inverse H&S pattern forming on UKOIL with daily candles. The price has currently been trading in a channel shown in the chart and a breakout out of this to either direction would indicate a formation of a new trend. Break above 63$ could be used as an early entry to uptrend as indicated by the H&S pattern. However, if one wishes to take a more...
UKOIL has formed H&S pattern with neckline close to ~60.44 this gives already a bearish signal but there is important support at 60.00 also so wait for a close under it. Also closing under ichimoku cloud gives bearish signal and I'm looking for a downtrend if price closes under 60$. Further analysis for profit target will be added if we enter downtrend
It can be seen that there is a death cross (SMA-50 crossing below SMA-200) forming on S&P 500 with daily candles. The market has been going down quite noticeably recently and it seems highly unlikely the death cross can be prevented. Drawing tangents for the SMAs indicates they will cross approximately mid December. However, the current double bottom could...
