CSX broke out of the horizontal channel plus the downward trend line. Even on weekly it broke out of the horizontal trendline. With multiple supports @29.25 price can consolidate here and can start going up. Break out was on increased volume but the price didn't close on the highs which would suggest some supply is coming in as well. RSI is nearly overbought while...
Top of the bollinger bands , forming couple of doji's (1 nearly a gravestone doji), although above all moving averages is bullish, RSI still is not overbought but this could stall here a bit to about 152-155, and then run back again. Hitting 152 and then bouncing should give good R/R with support from lower trendline. V short term bearish but overall trend...
Last time bearish planned turned out to be good, now we have a support from the lower trend line and price forming a hammer right there. Tomorrow's price action would be decisive in determining short term move. RSI is definitely oversold and a bullish candle tomorrow can set AAL for higher near term prices. Close below today's low will not bode well.
MA's bollinger bands, Rsi and MACD suggesting higher. Break of above trendline could set this in motion.
Looks like AAP found support from 200dma and fib(.618) support. Can be a good R/R to set a stop loss to today's low of 164.72 and go long.
Very important to retain this level of 116.60 for Aapl to not reverse the immediate uptrend. Right @.618 fib support and at a support from trendline as well. Long above this for a stop just below 116.60 level.
Current price is right at the top of longer term trend line which converges right at the top of the shorter term trendline. If prices can move above this zone it bodes well for higher prices depicting break out from both the channels. Bollinger bands are opening which is bullish, MACD is rising which is bullish as well, RSI is a little towards higher side but is...
FCX closed right on support of the lower trend line as shown. Price moving above from here would mean FCX has started a leg up after being beaten down. If comes down it would mean it sees prices 8.88 or 7.50. Can go long at this point for a good R/R. MACD is falling which is not bullish and MA's are again falling which is again not bullish. Right at lower...
Avgo broke out of the decreasing trend line. MACD just had a bullish crossover and is rising, RSI is rising and has lots of room before becoming overbought. Friday's close had price over all the moving averages.All the Moving averages are rising which is again bullish. Bollinger bands are opening up which bodes well for higher prices. All in all chart looking...
AAL on a daily hit the top of the trendline and a confluence point of a very strong horizontal resistance and reversed. There was a very strong support Dec - May @46.50 which was tested in the past week and now it has become a strong resistance. The previous couple of trading days have formed a hammer and an inverse hammer. After the hammer for an uptrend we...
Possible reversal after around 1450 on cards?
Price closed just above 50dma, although on day's low. But overall market didn't help the cause. Can break out of the wedge to the upside as it's right at lower support.
Right at support from the horizontal support line and lower trendline. Selling today was on high volume which shows price can move lower, if it does 140 can get tested, if it bounces from here, it sees 170 and probably beyond. Tomorrow's close could be decisive
Had a hammer and continuation today with price closing in just above 50dma on daily. Hammer hitting right on lower trend line. MACD about to curl up and price definitely looking to go higher.
Closed almost at the top of the channel, a doji (Almost a gravestone -closing much below the day's high, even with market rallying), Closed also on top of Bollinger bands. Definitely see lower prices in next few days.
Declining Trendline support and previous low support both have a confluence point @65 if it gets there. With earnings after 6 days it is definitely possible.
Definitely at a support on monthly chart with a support from a rising trend line as well. Coming month should definitely give us a clear picture whether this thing goes lower or wants to continue moving up on monthly. Can go long with a stop loss @6.50