motleifaul

motleifaul

Strong development for half a year. If the overall market shall be mor convinced to be rising now, MNK should profit more than everage.

motleifaul

After 2 intermdiate corrections QCOR shall complete its D-wave till 103.

motleifaul

I don't expect to much here but a retracement from the lower channel line seems probable.

motleifaul

Ohne Worte

motleifaul

We are bound for a backtest of the median line. The bottom line and the 68% retracement held and the engulfing pattern 3 days ago confirmed the possible upturn.

motleifaul

A breakthrough through the Pitchfork resistance and the Tenkan Sen as well, indicates a further fall to the median line.

motleifaul

It's not a new setup but as I'm already long for a while and just took the half of the profit, I think that it's worth to retain the other half of the postion. The upward trend is still very safe and the latest green candle is not an inverted hammer as the body is to long. A new intermediate high has been built and so I consider it rather a trend continuation...

motleifaul

A new high lets expect another one.

motleifaul

The engulfing pattern indicates a test of the upside.

motleifaul

I can imagine a rise to 11.50 now.

motleifaul

Along this green Boardwalk we could walk as far as 20 in the next couple of weeks.

motleifaul

Since past August this level had been tested several times. I think that it's worth to look for a retracement down.

motleifaul

As described in the chart linked we have reached the expected retracement level and can follow the interimistic upward tendency again to see target B.

motleifaul

We're in a clear downward trend, yes. But as we are near the alltime low as well we may consider a trend change, perhaps. Te pitchfork is swinging up nd its median line may serve as a support. I see todays downmove as a test of the downside that will be followed of the attempt to pressure towards the MA 200. This may take some time but this is how markets move. ...

motleifaul

Moving in an upward channel the rate has just exceeded the falling downtrend line. Thus we can expect a further upmove now.

motleifaul

I suggest a retracement to the median line as the breakout failed. May be the trend is changing to up now but this is not convincing yet.

motleifaul

I was stopped in tonight when the rate broke above the channel. However, it is a little bit dangerous as a rate above this channel is considered as overbought. But as we broke through the WMA 100 and the falling resistance line as well I take this risk and look forward to another little rise.

motleifaul

Meanwhile it became an uptrend but a correction is due anyway.