After a steep decline at the end of 2014 shares of Daqo New Energy Corp. managed to retrace above the strong USD 23.65 level. While reversing at the bottom there was something of a head and shoulders pattern, with the boundary at USD 29.15. The stock fell to an intermin support level of USD 28.50 where it could venture to break out of the pattern. It makes sense...
Home Depot Inc. attempted to close the 113-114.75 gap, which arose after the stock rallied in late March. The gap remained intact, and the stock can be expected to move up to 117.50. If this mark is not breached on the first attempt it is advisable to close positions as a phase of distribution in the trading cycle could begin. If the name breaks out of that...
Visa Inc. has broken through a rising trend since October 2014 to the downside. The name also breached the 66 local support level. A quick deal toward lower levels is possible. Investors are advised to open short positions at prices that are close to the current levels. The target is near the gap of November 2014 - 62.70 – 63.30. Stop-loss orders are above 66.My...
The formation of a rounding bottom pattern in Wayfair Inc. shares has come to an end. The stock’s serious bullish intentions are confirmed by the fact that it sped up to USD 25 – 27.50, taking it to USD 30.90. The name is rebounding to the breached pattern, with movement turning into a flag, which points to an extension of the trend. Investors can launch long...
Western Un Co finally closed the 1,680-1,920 gap that arose in November 2013. The name has already retraced to the upper bound of the gap and failed to break through the support level. Investors are advised to open long positions with a 22 target, the next key resistance level. Stop-limit orders should be placed near the 18.75 mark, beyond the bound of the gap it...
Virgin Amer Inc. has broken out of the neckline, the bound of a gigantic head and shoulders pattern in the vicinity of 32.50. The gauge has already retraced to the bound of the pattern, and investors can open stop losses beyond this point. The movement target based on the size of the pattern is near 20. The pattern looks quite nice, and further moves are expected...
After a steep decline to the lower boundary of USD 34-36 gap last September shares of Lands End Inc. managed to hold above the upper bound and even something like a triangle has shaped up. A good buy-in position for the stock is USD 36 or when it breaks out of the upper limit of the triangle, with a target at the lower boundary of another gap of USD 42-50 as of...
Ann Inc. slipped out of a trend similar to that of 2009 and corrected toward a bound of a gap in the vicinity of 32.36. At this mark, the first A wave finally shaped up, which appears to be a classic flat correction 3-3-5. The price may move towards a 43.50 high to build the second corrective B wave. Investors may open long positions with stop losses beyond the...
Barnes Group comes to the breakdown of the boundaries of non-standard diamond. You can open long positions at the current price with target at 40.90. Two consecutive spikes at the base of the pattern on Approach to the level of $ 25 to be used for purchases in order to develop the upper boundary outset near $ 27.good trading volume are rather reassuring. The...
Barnes Group comes to the breakdown of the boundaries of non-standard diamond. You can open long positions at the current price with target at 40.90. Two consecutive spikes at the base of the pattern on Approach to the level of $ 25 to be used for purchases in order to develop the upper boundary outset near $ 27.good trading volume are rather reassuring. The...
If Alcoa equities close the gap at 15.85, they will reach the upper bound of a potential diamond in the vicinity of 16.80-16.90. When the gauge retraces to 15.85, long positions may be opened with the target at the bound of this pattern. If the index breaks out of this pattern, the next target will be 17.75, a high of the diamond.
My forecast participates in the...
VISA has moved too much apart from the moving annual average, its equities are obviously overestimated. The last gap before the reversal wedge may be considered an exhaustion gap. The gauge moved along its targets within a wedge and reached USD 248, beyond the bound of the last gap. If the index pushes below USD 252, short positions may be opened with USD 248...
Walker&Dunlop has moved above the bound of a potential double top near the key historic level after breaking through a long-term falling trend. Purchases may be made at 16.60-16.70, with the target at the 61.8% Fibonacci level in the vicinity of 18.25 and further 19.50, a bound of the price trend, and the next Fibonacci level-76.4%.
My forecast participates in...
Macdonald Dettwiler hovers under the 91 key left-hand side level. The gauge reached this level, making a hysterical surge with a gap. The gauge failed to consolidate at this level after breaking through a bound of an unobvious diamond. This led to a classic hanging man pattern formation, while the trading volumes were quite considerable. In this case, a sharp drop...
GOOGL retraced to the 523.65 support level of late April 2014. This level almost totally coincided with the lower bound of a large triangle that has been shaping up since the beginning of March 2014. Buy orders may be made slightly above this level, stop-losses are limited, beyond this level - take risk. Considerable growth of volumes points to the beginning of...
The double top pattern at 19.85 was trying to shape up on the daily chart. This was the key level, which was shown by strong bearish engulfing at the level at the beginning of November. After testing the level, the gauge started to head south. RSI divergence adds confidence. Short positions may be opened with the 19.20 target, the bottom of the pattern. If the...
In a knee-jerk surge, Procter & Gamble broke out of the price band of an accelerating rising trend, as part of which it has been exiting the old broad band since March 2009. Upside targets are currently seen within the boundaries of a band which runs parallel to the previous one. The first upside target is the medium line of the band, USD 100. This target could be...
Morgan Stanley stocks look set to take off. Breaking out of the flag pattern above USD 35.70 will also mark the breach of a strong historical level. In this case, the stock could move towards the triangle’s highs of USD 36.30, which, if crossed, would pave the way for 50% upside over the next couple of months. The price band of USD 52-54 will also be attractive...
