In this weekly chart we can see that Ford share price has broken a long term consolitation bearish channel with bullish implications. However, on the 17th of January, the share price reached $13.49 and dropped suddenly back to the support which is represented today by the old channel resistance. This is a good opportunity to follow up the stock as I believe the...
I believe it will. Technicals support the formation of a double bottom. Although it does not look like the share price is going to break up any week soon, it seems the share price is cooking a potential bullish first wave. Good luck fellow traders
If the cable price moves towards 1.3680-1.3715, Long strategies offer an interesting ratio risk-reward. Good luck fellow traders
There are solid arguments to support the bullish scenario in the short run. Likely targets: €172.80 and €180.6. Stop: €164.90 Good luck fellow traders
AMD may be getting ready for a new hike. After 12 months consolidating a first impressive bullish leg, it seems the share price is going to attempt to reach at least a new high ($15,70). Good luck fellow traders.
I have never been a cryptocurrency-fan, but I have always liked charts. And this one does not look good to me. The $12.000 was a strong support never to be broken. It appears the bitcoin price has more room to the downside. At least the $7.800-$8.100 has to be seen in the following sessions-weeks. The bears now hold control of most criptocurrencies. Good luck...
As mentioned in my previuos post of Sprott Inc, it seemed the stock price was consolidating a long term trough. I suggested that a surge in the stock price for 2018 was likely once Gold showed some bullish momentum. Well, Gold is still trading in a lateral trend, but some Gold mining companies has boomed recently and so Sprott Inc. It seems 'The kraken has...
Bed Bath & Beyond share price has confirmed a doble bottom in its secong leg within at least an ABC ascending pattern. Stop loss can be placed below the double bottom pattern ($21.09) while the first target is $26,90. Good luck fellow traders
Tesla share price has been trading into a bearish consolidation pattern for the last few weeks. The neckline of the bull trend, now an important resistance has prevented the price several times to continue the bull run. It is quite likely that the share price may begin quite soon an important bearish move. An entry short at around $340 with a stop in $364 seem...
As mentioned in the previous chart of DAN before, the share price was about to hike to €23.50. We have not reached that price yet, however it seems the share price is in a hurry to see that price. No LONG trading strategies are advised at this point as ratio risk-reward is negative. Besides, Danieli is value at €32.5 from a value point of view.
Short trading strategy: Entry point: 111.48-111.64 Stop: 112.09 Targets: 110.38 and 109.88 Ratio Risk-Reward: min 1:2
BMW is pushing hard toward the important €90.80 resistance. It is a buy if the share price breaks the resistance during the following sessions. Good luck fellow traders.
The Kraft-Heinz share price is in a very interesting crossroad. It has to decide whether it breaks the 2-4 bearish line, with important bullish implications, nor continuing the bearish medium trend towards $72.15-$72.40.
Before attempting new highs, the pair may test the 1.1880-1.1900 support. Will it bounce back up to 1.21? The price is still moving comfortably within the channel drawn in the post. It seems it may try again to push towards the 1.21 area. Good luck fellow traders
The Gold price scenario left last week stands. It is likely that the Gold price pays a visit to $1360. Good luck fellow traders
As global growth surges, the shipping stocks are in a good position to regain some interest after years of institutional investors neglect. Among all of them, Dianan Shipping has shown some technical consistency during the last weeks. It seems it is ready to continue with the hike as has just broken out on the daily chart four sessions ago. If the breakout...
Taking into account this scenario, the share price may be rebounding to a bullish scenario for the following weeks. The target may well be $5.78 taking the 2016-08-12 as the beginning of the 2 Elliot bearish wave. Stops below $3.08.
The spanish stock exchange is back to an interesting valuation. Euronext and LSE are possible candidates in order to put the 2.2b needed to adquire this little gem. Inteligent money is back to the stock, and a strong support may be forming around 26€. It is time to consider developing Long strategies. Stop Loss: €26.09.