SSYS is a company from the 3D printing industry. It has been in an aggressive downtrend, losing more than 80% of its value since it topped out in 2014. Looking at the weekly chart, I believe the stock has not bottomed yet. Price is at value after a class A bullish divergence, while the Force Index is oversold. The daily chart shows a nice double top with a...
This ETF that tracks the evolution of social media companies is stuck in a range, and a range always offers possible trades. The range is visible on the weekly chart. I would have liked to see a a false breakout above the ceiling, so I will have a soft stop above it, offering this trade enough wiggle room. The Force Index is oversold, On the daily chart, price...
A very very long uptrend for Microsoft, but since the start of 2016, not much happened. Zooming in, Microsoft is moving sideways, and that still gives room for opportunities. Right now, Microsoft is consolidating at support, after a sort of bearish divergence pushed price down. The Force Index is oversold which is always great in an uptrend. Four weeks ago, the...
I love chipotle, both the stock and the sauce, never ate in a chipotle restaurant unfortunately. The weekly chart shows a possible double bottom, possible because the impulse is still red. The Force Index shows a panic back in January, and right now we are retesting the panic prices. Going on to the daily chart, a close above 397.70$ will be a confirmation to...
Staples has been trending down for a long time, but a weekly double bottom calls at least for a return to value. The double bottom is confirmed by the blue impulse, and the divergences on the oscillators are perfect. Going on to the daily chart, a strong candle today, confirming a minor swing low right after the impulse turned blue on the weekly chart. Both the...
I've been wrong twice in a row about this pair, but I still believe it's a short trade. Looking at the weekly, it looks to me like we are in a flag formation that keeps whipsawing and making false breakouts. It is still a downtrend if you zoom out. On the daily chart, a confirmed double top formation is the trigger. I will play this trade in two ways. I will...
Ever since the start of the dollar bull run, the pound has been in a downtrend, with small exceptions on the lower time frames. Right now, I believe the downtrend is still intact and despite all the volatility caused by the Brexit election, we will see a lower Pound. I outlined everything on the chart, and wrote all my reasoning there. A strong close above...
A massive H&S pattern on the weekly chart, with a double bottom and double divergence right at the neckline. As of this week, the impulse is blue. On the daily chart, the double bottom is more obvious. The right time to enter was right after earnings, where Illumina recovered all the overnight losses and closed up for the day. Still, the RRR is acceptable even...
There's nothing more bullish (IMO) than a range in an uptrend or a downtrend, with a false breakout and a reversal in the direction of the preceding trend. That is precisely what happened in USDSEK, and no matter the outcome, this is a trade I would take anytime. I am looking for the top of the range as a target. around 8.7 give or take.
The weekly chart stands at value with an overbought FI and red impulse. If the week closes like this, an evening star formation will be confirmed. On the daily chart, there is a double top with a false breakout and divergence. I am a bit late to the game, time to enter short was on Friday or yesterday, but the RR is still acceptable. Look for the previous swing...
The weekly chart finds this pair at value Nothing to say here, chart neutral, although the preceding trend is up. On the daily chart, there has been a long consolidation period, with a sort of H&S pattern, with a triangle, doesn't really matter what it is, it's going sideways. Today looks to me like either a H&S neckline rejection or a triangle breakout. Anyway,...
The weekly chart shows an uptrend, with price above a rising EMA Wave. Not much to say. On the daily chart, a class A bearish divergence turned this pair down to value, where it stalled for a couple of days, after the terrible inflation report from Australia. Today, price rejected value sharply, ending the divergence, and turning the impulse green. First target...
This pair has been in a downtrend for a few months. I am looking for the major support at 1.31500 to get tested.
I have been bullish on this pair, but got stopped out. When such strong bullish signals fail, it is time to reverse positions. Although I am still bullish on the longer term (that is still an inverted H&S on the weekly, right at the all time support), I believe the pair is going to move down in the coming weeks. On the weekly chart the impulse turned red. On the...
HD is a slow trending stock, it has been in an uptrend forever. That is why I want to take profits quickly, and not look for a serious correction. Double top on the weekly chart with a bearish divergence, blue impulse. A broken H&S pattern on the daily and red impulse. I am looking for price to reach value on the weekly. Note that the US market looks bearish right now.
Twitter has been in a downtrend for ages. I remember I tried to pick a bottom once or twice in the past. It looks to me as if every breakout works on this stock, probably because of the strength of this downtrend. An overbought Force Index on the weekly chart with red impulse. Daily looks oversold for now, but still worth a short
I always look to short or buy around value, depending on the preceding trend. On FCX, I have been looking for a short. On the daily chart, a class A bearish divergence formed, right at value on the weekly; that is a great bearish signal. However, price failed to close below 11.50$, thus never confirming the divergence. Today, there was a very nice bounce,...
Ranges are probably the easiest to trade, you have a ceiling and a floor all you have to do is go long or short around them. Oscillators can be a big help, take for example the Force Index, which when it got out of its bands, it predicted with high accuracy a move in the opposite direction. I outlined two trades on the chart, along with my explanations. On the...