seems to have pulled back to the 26 ema with some good candle stick formation
seems as if exxon is in an uptrend, and so I entered on the pullback
good fib retracement, we want the price to break trend and close above trend to enter
Price hit support, target is at trend channel (conservative) there is also good candlestick
Enter if price breaks trend line. There is previous weak resistance with a bullish candlestick pattern.
This stock still looks bullish in the long term, so that's why my target is at the first bullish retracement point.
Should go up because of a bullish shooting star pattern at support
On the daily chart, a bullish hammer pattern was created at support area, and I think this suggests a bullish movement. Stop is placed below support zone and target is placed at next resistance
From the chart, we see a fib retracement + a bullish shooting star pattern at this retracement. So I am guessing that there will be a bullish movement. Limit is placed near the trend channel and stop is placed below the last fib retracement level.
***TEST TRADE**** Enter at:0.8039 Limit:0.80713 Stop:0.80240 Therefore, you are risking around 15 pips to chase around 33 pips. the reason for entering at that level is because price will be at the 0.50 fibonacci retracement from the recent upswing combined with ichimoku support --> This results in a stronger support base.
Price action is below ichimoku cloud in D1, which may indicate a long-term short trend for this pair. However, I am using the H1 chart. Price recently broke trend line and so we should wait for a retracement near the 0.50 fib and look for a bounce off this retracement action which is also combined with flat ichimoku cloud signifying stronger support. Limit and...
Price action currently broke out of the ichimoku cloud and trend line, and so a retracement may occur. the plan here is to wait for a retracement to one of the key levels and look for a bounce at these levels. By looking at the D1 chart, we can also see that price is above the ichimoku cloud as well, indicating a bullish trend overall. There is good support for...
1. Good fundamentals, (EPS . Despite strong earnings,missed expectations, good revenue reported] 2. HIGH volume 3. Had a previous head and shoulders pattern combined with higher RSI 4. near 0.50 fib on D1 option 1: enter if price breaks trend line and closes above trend line option 2. Wait for price to BOUNCE off retracement points Stop: 12.30 limit: *if it...
1. Good fundamentals -Record 39 million square feet of leasing - - Same Store NOI increases 2.7% over the third quarter 2011 - - Occupancy increases to 93.1 percent, 210 basis points over the third quarter 2011. Good EPS increase from estimate. 2. DECENT support, however, price did seem to break support a little, that's why I placed an entry above trend line 3....
1. Decent fundamentals, recently (oct 24) reported good revenue increase and NOI in their 3rd quarter. However, EPS was -3.9% from estimated. 2. A lot of high volume spikes on the 1 hour chart 3. Good support (double bottom) 4. RSI increasing 5. near 38.2 FIB on D1 OPTION 1: wait for price to break trend line and close above trend line OPTION 2: wait for price...
1. Good fundamentals (good EPS released OCT 24, better-than-expected results) 2. High spike in volume recently 3. Wait for double bottom 4. Strong RSI 5. Decent on Fibonacci retracements on D1 Enter: ~132 Limit: 136.00 Stop:128