leslieyimsm

leslieyimsm Updated 

There's a likely hood that it might continue to rally to 46k area but my bias is towards another retracement. However, I'm waiting for rejection in some form of price action at the 4H chart. Currently, it's doesn't look like it yet. There was 2 long tail candlesticks, which usually messes up price action reading. Anyway, potential 2k upside is still plausible...

leslieyimsm Updated 

Natural Gas might have broken out of its down trend with a H&S at the turn of the year. As usual, there's always a pullback but since April, it has rallied till today. Multiple consolidation pattern can be observed from the 4H chart, and this last consolidation pattern might be its last burst up before hitting a resistance drawn from the Weekly chart. Depending...

leslieyimsm Updated 

Could the Simple MA 200 at Daily chart (I used 1200 on the 4H chart) be the resistance I was looking for? Could this be the forming of the head of the H&S pattern at 4H chart? A small double top at 1H. Monitor the 1H for better entry. Could have a good change to enter within the next few hours. 44400-44800 looks like a good place to scout for price...

leslieyimsm Updated 

BTCUSD has been in consolidation for about 2 months. The recent surge might have shown some signs that the down trend is over. However, I think it's still too early to say so. At the 4H chart there's a H&S pattern. Nonetheless, price bounced off strongly at the neckline. And now there's a build up/ consolidation which is a sign of an impending up move..about...

leslieyimsm

In my previous post, I (wrongly) used the Fib. Retracement tool to forecast that the E-mini S&P500 will reach 4600 area before having a correction. Right now there's actually a build up at the end of 2 week consolidation (the white box). If it does breakout, the projected move will be at least 190 points (Calculation is from the previous low to the high of the...

leslieyimsm

Price broke down down back in mid July and the up trendline supported well. It then retraced to neckline and followed by a small sell off before stabilizing at current price. It seems like price is going to be in consolidation for awhile. Depending on the price action of the consolidation, that will give us a hint on its next move. As price is currently in the...

leslieyimsm Updated 

Upsloping H&S pattern. Weak rebound from neckline. Possible area to start shorting at $58-$59.50 Target profit 1 area at neckline/ up trendline i.e around $52.50-$52 Target profit 2 area at next support around $48.50-$50 Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd...

leslieyimsm

CZR bounced off a year long up trendline + horizontal support with a long tail doji yesterday. Slight sell off today, thus presenting us a good time to buy in. Target profit 1: Next immediate resistance at around $100 giving us about 2.8 R/R ratio. Target profit 2: Next resistance at around $105 giving us about 4 R/R ratio. If you trade options, 3 months out...

leslieyimsm

I'm not a fan of Fibonacci, and so I don't think I'm using it correctly. Anyway, plotting the main levels against support/ resistance to forecast a top! Let's see how this play out! Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

leslieyimsm

If the week does end up as a nice long tail doji, then now will be a good time to start accumulating some large cap China stocks!

leslieyimsm Updated 

Showing the Monthly chart instead of the cup & handle pattern on the Daily. It has already gone up from the 'handle', but it seems there's still some upside to go on the longer term. Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign. Target profit 1 at $15-16, next resistance +...

leslieyimsm

1st off, this is an asset management company. I think it calls for more fundamental analysis than technical analysis when it comes to such companies. Nonetheless, the consistent uptrend since inception is phenomenal! I will never short this company. From technical analysis point of view, look at how well price respects the 50MA from week to week. And whenever...

leslieyimsm Updated 

Looks like the $1.9T is having a strong effect on the market again. Lots of stocks showing bullishness! STX is about to breakout of an up-sloping flag pattern. Target profit 1 is $82-83 (calculated from the bottom of the previous swing low at about $58 to resistance at $64 i.e. a $6 move.) Since there's no resistance, watch for reversal pattern at the Daily...

leslieyimsm Updated 

GOOG might see a surge up next week or the following week. Momentum has been strengthening. Target profit 1 is the length of 1 Feb's candle, which is about $250 move. Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations. If you have any symbol that you'd like me to analyze, feel free to drop me a comment. Thanks!

leslieyimsm Updated 

This stock has only been actively traded for about 3 years. And so. IMHO. the Weekly chart is not going to be very helpful, which means it's better to trade it short term. From Daily chart perspective, price just bounced of the $28-30 congested area and there seems to be a stronger support at $20 area. Furthermore, it has broken down of a triangle. So, a short...

leslieyimsm Updated 

Per the weekly chart, FEYE bounced off the 20MA as well as $18 support area back at the beginning of the month. On the Daily chart, price broke out of the flag pattern a few days ago, and since then it's gone side ways. Nonetheless, it looks to inch up to target profit 1/ $24 area within a month. To reach target profit 2/ $29-30 area might take a longer time....

leslieyimsm Updated 

Up sloping flag pattern on CSCO's Daily chart, and currently at resistance. We should see a spike up really soon. Target profit 1 is $52, next resistance. Target profit 2 at $54 is unlikely. However, if buying pressure proves to be strong, then this is the next resistance. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart...

leslieyimsm Updated 

This is going to be a relatively risky trade as the only justification for this trade is the forecast on the formation of the cup pattern. What's supporting this pattern is the strengthening of momentum on Daily. The MACD histogram on Weekly is still weak, but also strengthening. Hence, there's only going to be 1 target for this trade i.e $300 Disclaimer: I'm...