RACE has tested the resistance zone and broke through the short term (1hr) support trend line. There are signs of weakness from the indicators showing negative divergence. Please note however the long term trend is UP so you would be trading against the major trend.
Bat formation on the chart...
This is a simple strategy, price has tested the resistance line on a down trend, SELL now before the economic reports mid next week.
Sell now or wait till the price gets closer to the resistance line to trade at a lower risk or higher R/R ratio.
Technical indicators look positive but the price of AMD is way overpriced in comparison to its past earnings performance. Price has tested the resistance zone and the movement is downwards. Predicating this stock to go down until next earning report.
RHT is a reliable stock and is currently on a support line. Indicators are positive. My prediction is the price will go up after the earnings report.
Price is being squeezed into a triangle formation. OBV and Accum/Dist indicators look weak and RSI showing a little negative divergence. Predicating a break to the downside towards the support line.
USDHUF is showing signs of negative divergence and is getting ready for its next big move. The path of least resistance is on the downside. Open a small SHORT position on USDHUF and save your capital to increase your position if the price moves higher. This trade setup has an excellent RISK/REWARD ratio.
MU is coming close to it's previous primary up trend. In my opinion the direction of MU will reverse back on a bullish trend and will eventually break through the resistance line on the chart. You can open a small LONG position now but I like to wait for the better trade setups. A good price to buy is 42.50 with SL at 39. My target for now is above the resistance line.
Wait for the pull-back and open a short position. In case there is no pull-back and you don't want to miss the opportunity feel free to SELL now with a higher risk.
It's a great opportunity to BUY BBBY now. Price has reached an all-time low and there are signs of positive divergence. If price breaks below the support line then this stock is in deep trouble. This trade setup has an excellent RISK/REWARD ratio.
In my opinion, the damage is done to FB after the last earnings report. This stock still looks strong on the technical indicators so I don't see this stock breaking its bullish structure. It's close to the primary support line and it's currently overbought which suggests a good opportunity to open a very small LONG position. I have an order to open another LONG...
BRKS recently had a massive volume which bumped the price up by around 30%. The technical indicators on this stock are showing ongoing strength with consistent growth in on-balance-volume and accumulation/distribution. I missed out on the best opportunity to buy before the price spike but in my opinion, the price is not going to fall back to the primary support...
SImple technical analysis. MU has broken long-term uptrend and recent price action is looking bearish for a short-term at least.
There is no complicated science here. The trend is your friend until its broken. The major trend right now is down and it just broke the short-term bounce-back so it's a good time to SELL with a small position size, there is plenty of room down towards the support line.