GATX broke-out and retested previous resistance. Ramping volumes and Weekly & Monthly charts support the Long Idea. Medium targets 66.95 and 69.88 Looking Weekly & Monthly charts suggest it could even reach an area near 79.00
Bought the pullback to key support level on second test at the base of a rising wedge. Looking ready to continue uptrend at this level. Reacting well so far. Entry: 61.20 Stop: 58.60 Target 68.60 For an upside potential of 12.09% with a 4.25% Risk RSK/REWARD ratio of 2.85
Pretty clear levels for a couple plays..
Let's then see if it will work better to the upside after pullback!
Decent support & quite reachable level to take profit!
Shortin recent range in Dax with probability of breaking it & go to next support level.
Base with clear Divergence Gap Up YDay on High Volume +824% unusual Social Volume News on Parkinson treatment
Stock is basing with a pretty Rsi Divergence plus Macd cross on neg. territory pretty clear levels on chart. This is big picture.. (timed the entry on daily)
Level to level range trade within a channel
Coming from an Ytd sharp downtrend, today traded at 10x volume on complete indecision candle plus clear Divergence on RSI on the month (gaining positive territory and just pulled back to bounce on top of oversold threshold area) Is someone building up a big position..!?
The Bear Market is rearing its head again..!? Look $ES on the Weekly.. plus RSI & MACD on Daily $S&P500 pic.twitter.com/tZBO1IdFmO
Even if the S&P will be able to bounce back.. On the short run, the price will probably resume the recent Down-Trend and play along the recent channel
Probably a good point to try to get on board of recent uptrend.. Nice Pullback with Higher Low bouncing off the 100Ma Very Good RISK-REWARD and good previous structure. Plus, just for confirmation: MACD apparently near a new Crossing RSI well Oversold on last Low
A simple good Risk-Reward Long Setup on EurUsd. Pending order trying to intercept a Rebound at the rising Trendline + 100 MA Target @ top of recent Highs' channel
..trying to get rid of recent sell-off in the Western Markets! Price stopped nicely on the YTD support trend-line and 100day Ma (both on good volume) RSI also oversold (not that important to me.. but just to mention) a 1st conservative Target and then (if price could break "recent" triple-top test) go for a mid-term 2nd Tg.
Six month uptrend still intact, some bounces off the 200 wma 1D 200ma never touched. Yesterdays candle is a nice bullish pinbar @ 200 wma Price tried to reach the 200 ma but the buying pressure kept it on green (with good volume as well) Two profit target with a fixed price trailing stop plan.
Prevailing uptrend still valid, nice long-shadow Pinbar @ 1D 50ma Buyers well defended 0.50 and 0.618 Fib area of last up leg Possible bounce off 50ma with target at 1.27 fib exp.
Confirmed bullish momentum after yesterday's pin bouncing off 1day 50ma & 4h 100ma