Daimler is currently in excellent configuration, the price has drawn a "cup and handle" pattern, the pullback already occured and the break of the neckline is validated. All the elements are there for a bullish rallye. Taeget is 92€ (25%)
XRP seems to evolve in a bearish canal since beginning of the year. The price has just hit the canal resistance today and is drawing a double top in 1H... The scenario of a break of the canal resistance is possible but algorithms give only 20% to have this scenario succeed. I am afraid a new downtrend to 0.7 is the most realistic scenario.
CAC40 cannot break the strong 5500 resistance, buyers failed multiple time to take the price over this limit. The price has drawn a double top in the resistance horizontal canal. Since yesterday, sellers takes advantage and have created a new bear canal. In case tomorrow the support of the 5480 is significantly broken, the price will decrease to 5300.
For the 4th time, $XPT is attacking the major resistance of its horizontal channel. RSI and William%R clearly shows the buyers are not strong enough to break this strong resistance. In addition 60 min timeframe shows a double top on the resistance. All signals are in favor of the bearish scenario.
Since October , EURUSD is evolving in a bullish canal, with the recent break of the 1.19 resistance as well as later the break of the canal resistance, EURUSD is now entering in a new bullish channel with a more important slope. This is interesting, it means the bullish trend will accelerate in the coming days and weeks.
Allegheny has recently confirmed its "cup and handle" pattern. The pattern is very clean, the breakout is strong, the pullback occured, all elements are present for a bullish rallye. I BUY => target: +47%
IBM will announce its Q4 results this 18-jan. What is interesting is the current "cup and handle" pattern on the stock. The figure is 260 days length and 16% height. In addition, there is still a GAP of march 2017 that haven't been fulfilled. From there 2 scenarios are possible: 1) The results are not exceptional and IBM pullback on the green support of the...
After the confirmation of the "Head and Shoulders" figure, XRP has lost more than 50%. The crypto is now evolving into a descending triangle. The exit from the top or the bottom of this triangle will be crucial for the future of the XRP.
GSK is currently rebounding on its 1270 - 1300 support. The stock has drawn a double bottom in monthly consolidated on the historical support of the 1000 pences. In April 2013, the neckline of the double bottom was broken but directly followed by a pullback on the 1270-130 level. We think it is now the good time to have the validation of the double bottom and a...
The USD/ZAR Cconfiguration is very interresting, the price is currently rebounding on the major support of 12. The probability of a bullish reversal is very high. The first objective is the hit of the major descending resistance. If this one is broken, we can easily bet on target 2 and if the 14.5 resistance is broken, the target 3 will become possible. In case...
Avis budget is in double bottom configuration, a small pullback occurred last month but the double bottom resistance has been broken and the pattern has been validated. Growth potential is over 50%
Since 2,5 years Potash price are blocked below 20$, the prices have drawn a double bottom. A last pullback is still possible before the break of the neckline and the entering in bullish phase with 100% potential return.
After having drawn a very pure inverted head and shoulders over 1000 days, Nu Skin has broken its neck line and is now entering a bullish acceleration phase. It is really the good time to buy this stock. Potential return is between 50 and 100%
Over the last 1200 days, Vale has drawn a perfect cup and handle pattern over 1200 days. We now wait for the beakout of the cup and handle neck to validate the emergence of a bullish trend. Potential of the bullish growth is over 70%
Michael Kors has drawn a very pure and beautiful double bottom. The breakout has been validated last week. It is a good opportunity for 2018 with a possible return of 60% (double bottom height).
Gold has rebound today on its major ascending support. The impulse is confirmed by William%R, the probability is very high that gold price will hit 1300$. If it can break this resistance a major uptrend can born.
NATGAS has strongly rebound today on its major support (2,4 to 2,6) the rebound is confirmed, 3$ is the target.
XPT has recently rebound on its major support, XPT is supported by a strong bullish trend. 950$ is a good first target, if XPT can break the 950$ resistance (and the 300 days moving average) , we can easily target the 1000$