Nice falling break, watch for a breakout. If you feel like tipping: www.paypal.me
CRON shows a nice gap-fill pattern as I highlighted. If the stock trades lower on the pre-market, it'll be much riskier, so be careful. If you feel like tipping: www.paypal.me
I am bullish on NBEV, price is in a parallel channel going up. The lower end of the channel corresponds to the 61.8% Fibonnaci level on a longer time-frame. If price also breaks out of the big triangle pattern, it'll be a very good opportunity for a longer long! Trade safe! If you feel like tipping :) www.paypal.me
Nice MACD Divergence. The Euro was deppreciated after a sharp fall in European equities. In addition, FT estimates that the EUR was oversold because of Italian instability and bonds; thus the currency has a potential for upside. If you feel like tipping: www.paypal.me
The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it...
AMD is forming an inverse Cup & Handle pattern. The handle forms a flat triangle. If price breaks below the lower limit, a bearish trend will be confirmed. You can either enter the trade know (aggressive) or wait for the breakout confirmation. AMD has a high beta compared to the Nasdaq, if trade talks do not go well, it could lead to a serious bearish period,...
The S&P is forming a nice head and shoulder pattern. The neckline also corresponds to the lower resistance of the parallel channel. If price breaks below the resistance, it would be extremely bearish signs. Watch the news and be aware of upcoming volatility following Thanksgiving break. Trade safe!
SPX is currently trading in a parallel channel. From a pure technical point of view, it looks like price could bounce from the lower limit. A strong divergence on the daily chart supports that idea as well (RSI going up). However, I would be very carreful, as tangible consequences of the trade war start appearing - Industrials may not declare earnings as good as...
Gold is in a big parallel channel. On a short-term view, we have a nice triangle. Waves a,b,c,d,e are completed. I would be short on a very short-term until it bounces on 50/61% Fibonacci. This could give us the A leg of the correction wave within the channel. WATCH US FED DECISIONS and anything related to the USD performance (trade wars, interest rates, bonds...
Emerging Markets ETFs are in a parallel channel. Price just bounced on the lower limit. Investors are concerned about the high inflation to be expected in the US (3.7% unemployment = wages going up) which would encourage the FED to raise interests even more and drive the USD up. A high USD and higher yields would draw investors away from EM because they could...
Gold recently bounced on the parallel channel. Right now, it is about to break a triangle on the daily chart. I believe we could go back to the 1240-50 level. Macro context is favorable for such price action, watch closely.
SPX is in a parallel channel; testing the lower limit. If price breaks below, it'll be a very bearish signal. If the US-China tensions ease, we could see a bounce on the upside. Watch closely as any comment from the Trump administration could also sink the market. His treasury secretary just threatened China and warned them against devaluating the Remnibi. Also,...
BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive $0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not...
NBEV was caught up in the Cannabis hype and is another overvalued stock. Trend diverge with oscillator, and I believe the entire Cannabis market is under pressure. I definitely think it could bounce another time, but I see it going down sharply.
IGC is another cannabis stock that soared way too fast based on no tangible numbers. The Cannabis market will be a big market for sure. But the energy beverage sector is extremely competitive; we would have to see how the "Nitro G" can compete before the stock soars 1000% in a couple days. This is definitely the pumping phase, and it will come down.
Barrick gold -0.45% is evolving into a nice parallel channel . There is also a divergence between price action and the oscillator. That is why I would tend to be bullish on a swing outlook . However, the gold 0.83% market is still down. At least, we now have the Fed's decision on interest rates. Keep in mind that unemployment is at historical low in the US and...
I just bought in N.Tsx. Namaste Technologies is within a parallel channel. Right now, the stock is touching the lower limit. RSI shows an oversold tendency. I believe that the stock could bounce, as the sentiment towards Cannabis remains fairly positive. This is a short-term long that'll be closed before Friday. Trade safe guys!
Technicals - Bombardier is in a parallel channel. The upper limit and 180EMA are overlapping and form a strong resistance. Price could bounce down, or break above and get a good run-up. If it happens to go up, it could go back to recent highs around 5.40. I am just waiting for a trend confirmation to get into the trade. Fundamentals - Bombardier made good...