A price action above 345.00 supports a bullish trend direction. Bullish confirmation for a break above 356.00. The target price is set at 367.00. The stop-loss price is set at 340.00. Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the...
A price action above 113.00 supports a bullish trend direction. Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level). The stop-loss is set at 111.00 (at its 50% retracement level). The price action bounced from some almost oversold territory. Remains above its 200-day simple moving average. Remains a risky trade as...
A price action above 46.00 supports a bullish trend direction. Further bullish confirmation for a break above 48.00. The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 43.00 (its 200-week simple moving average). Building on its 200-week simple moving average, which might support the upside price potential.
A price action above 9100 supports a bullish trend direction. Further bullish confirmation for a break above 9400. The target price is set at 9800. The stop-loss price is set at 8800. The price action is counter-testing the lower range of the declining channel pattern. Remains a risky trade.
A price action above 19800 supports a bullish trend direction. Further bullish confirmation for a break above 20700. The first target price is set at 21500. The second target price is set at 22800. Remains above both the confluence of its 200-day and 200-week simple moving averages. Also appears to have found support at its 38.2% Fibonacci retracement...
A price action above 14.00 supports a bullish trend direction. Further bullish confirmation for a break above 15.00. The target price is set at 16.00 (its 200-week simple moving average). The stop-loss price is set at 14.00 just below its 38.2% Fibonacci retracemenet level and its 200-day simple moving average). Earnings announcement might create additional volatility.
A price action below 910 supports a bearish trend direction. A price action below 900 supports further downside potential. The stop-loss price is set at 955 (just above its 61.8% Fibonacci retracement level). The profit target is set at 855. Crossing below its 200-day, might initiate a re-rest of its 200-day and then a leg down.
A price action above 1480 supports a bullish trend direction. Further bullish confirmation for a break above 1530. The target price is set at 1570. The stop-loss price is set at 1450. Seems like the 200-day is acting as some major support. Remains a risky trade.
A price action below 0.8095 supports a bearish trend direction. Increase short exposure for a break below 0.8075. The target price is set at 0.7985. The stop-loss price is set at 0.8185 (its 200-day simple moving average). An incomplete falling wedge patterns seems to be developing.
A price action above 6700 supports a bullish trend direction. Further bullish confirmation for a break above 7200. The target price is set at 8000. The stop-loss price is set at 5900. Remains every risky trade.
A price actioin above 94.00 supports a bullish trend direction. The price action is contained between the 200-day and 200-week simple moving averages. Bullish confirmation for a break above 97.00 (which is the 23.6% Fibonacci retracement level as well). The stop-loss price is set at 94.00. The price action is busy developing a base. A base-forming price action...
A price action above 43.00 supports a bullish trend direction. This level also overlaps with its confluence of 200-day and 200-week simple moving averages. The 50% Fibonacci retracement level also supports upside potential. Further bullish confirmation for a break above 45.00. The target price is set at 46.00. The stop-loss price is set at 42.00. Remains a risky trade.
A price action above 73.00 supports a bullish trend direction. Increase long exposure for a break above 76.00. The target price is set at 79.00 (its 23.6% Fibonacci retracement level. The stop-loss is set at 71.00 its 78.6% retracement). The price action seems to be bouncing from its 200-dau and 200-week simple moving averages. This can support a bullish long-term...
A price action above 29500 supports a bullish trend direction. Increase long exposure for a break above 30000. The target price is set at 30900 (its 100% Fibonacci retracement level). The stop-loss price is set at 28700 (its 50% retracement level). Remains above its 200-day and a correction to its 200-day simple moving average will be regarded as an opportunity to...
A price action above 32600 supports a bullish trend direction. Increase long exposure for a break above 36600. The target price is set at 40800 (its 100% Fibonacci retracement). The stop-loss price is set at 33400 9its 50% retracement and also its 200-week simple moving average. Keep in eye out for the MACD bullish crossover that might support the bullish flag pattern.
A price action above 1403 supports a bullish trend direction. The 200-day simple moving average might act as major support. Increase long exposure for a break above 1450. The target price is set at 1501 (just above its 23.6% Fibonacci retracement level). The stop-loss price is set at 1366 (its 200-day simple moving average). Remains a risky trade.
A price action above 47 supports a bullish trend direction. Bullish confirmation for a break above 48. The target price is set at 50. The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level). Concern is however that the price action is extended to the upside. The bullish flag pattern might support some upside potential. Remains a risky trade.
A price action above 118 supports a bullish trend direction. Further bullish confirmation for a break above 129. The first target price is set at 141 (its 61.8% Fibonacci retracement level). The second target price is set at 168 (its 100% retracement level). A break up out of the symmetrical triangle pattern might support such upside potential.