MU showing a double bottom in price action confirmed by I higher relative low near the bands and also confirmed by a strong divergence in the MACD. I didn't draw any lines on this one because this is pretty plain.
While triangles have a higher statistical likelihood of providing consolidation prior to a continuation, it would appear there is an opportunity for a reversal with GE (or a continuation). GE is consolidating within the triangle as it has been doing for some time. The bands are constricting which helps our options pricing and provides a nice directional and timing...
BAC breaking out of a continuation triangle following a healthy pullback. The break out coupled with expansion of the bands and an eventual close above the ichimoku cloud could lead to a nice uptrend over the longer term. Confirm the trend with the weekly and daily charts and time the breakout with the 4 hr and 1 hr charts.
USO technicals showed a triangular consolidation which lead to positive continuation on the daily chart which is resulting in a continued reversal on the weekly chart from the previous downtrend. Trump helped oil by withdrawing from the Iran deal so this catalyst coupled with the technical charting should provide a fairly strong up trend. USO broke out of the...
While oil is all the rage right now in the commodities world, the Gold ETF is showing us a triangular consolidation on the weekly chart. This coupled with the constriction of the bands should provide fairly good timing for a strong long term move over the next 18 months or so.
Pretty distinct divergence occurred in Ford. Troubles then confirmed by the fire interrupting supply - this provides a catalyst that could lead to a fair down move in cooperation with the already present technicals.
VXX is forming a double top on the 15 and five minute charts. The divergence of indicators and price action can be seen on the five minute chart.
Here is a double bottom that I totally did not pay attention to and now I regret it...
Faster turn around on this one as opposed to HDSN if you like, a double bottom based on relative price structure according to Bollinger band strategy has formed. Looking for a confirmation day (an up day on good volume) to indicate a coming quick up move towards the opposite Bollinger band. See chart for details.
Momo is a slightly undervalued Chinese company with strong growth prospects. See chart for technical notes on breakout and continuation momentum.
See the accompanying graph for notes and markings detailing a put option trade idea
Another undervalued Chinese stock that may have strong upside potential based on the technical in the chart. For fundamentals it is rather undervalued based on current cash in hand and future earnings growth.