Interesting daily pattern on ADA. * inverted head and shoulders * Breakout on Annual R1 *significant volume increase O1: 0.06 O2: 0.07
Coda is currently evolving in a descending triangle. The triangle point is on the annual support S1 which gives the figure a high probability to evolve to a rebound. Stock is undervaluated comparing to book value and PER and ROIC is among the best of the sector.
Bitcoin is in double top configuration in 4H Neckline of figure is validated Pullback to neckline is completed Triangle with horizontal base is under construction Target is 8500 $ (next 4H fibo level)
- ascending triangle trade -risk/reward>2
ETE on fibo level pullback on neckline Risk/Reward:2.23
Oil is currently on a fibonacci 1D level and is drawing a bearish figure. For less risk enter at triangle breakout Risk/Reward = 8 !!
It is now time to sell Gold, the time is coming for a correction of the price to 1300$ (support DS1). The uptrend is finished and the price has drawn an hanging man with long shadow. This configuration is in favor a correction to DS1 before august. Afterthat, a new verystrong bullish trend will be able to emerge.
After the strong bullish trend of last week, the buyers have some difficulties to break the 7600 resistance. Economics news and indicators are really not good and head and shoulders is still valid as resistance of 7600 (corresponding to the top of the right shoulders) have not been broken. At the moment we are therefore still in a pullback on the head and...
GOLD is currently evolving in an ascending channel (DS1 – DR1). The channel support seems to be very strong (5 hits without break). Since end Jan and since the hit of the 1360$, a new minor descending channel (DR2-DS3) can be observed. Price is now arrived to the cross between DS1 and DR2. From there, 2 hypothesis are possible: H1: rebound on DS1, break of DR2...
The NASDAQ Biotech Index ($ NBI) is currently evolving in a well-marked down channel formed by DR1 and suppoty DS1 resistance. In a few days, sellers should test the very strong resistance of $ 3200. This resistance was broken sharply during the fall of the end of 2018, which made it very fragile. The most likely scenario (72%) would be that the resistance of $...
The NASDAQ hit today the 4500 points resistance which corresponds to the resistance of the current downtrend canal. The 4500 points is also an historical strong horizontal resistance and corresponds also to the EMA 50. With all these blockers, it will be a big challenge for buyers to go upside. In addition tomorrow, the Philadelphy manufacturing index will be...
Thanks to the commercial war USA/China, Gold has broken the resistance of the 1D descending canal. In addition, Gold has drawn a double bottom before the resistance break. The buy signal is strong and a new ascending canal in 4H is born. Pullback on the neckline of the double bottom is possible before the uptrend. Target is 1330.
Results of IFN Kinoide on Lupus research are very significant (95% efficacy observed). Volume increase strongly on the biotech and strong breakout of the 0.25 resistance has been observed. Pullback on the 0.25 level is resolved and the stock is now in perfect conditions for a bullish rally. First target is 0.5
In daily, Mondelez is in cup and handle pattern ( C H on chart) , the neckline N has been broken and the pullback (PB already occured). The pullback has drawn a double bottom pattern in hourly (B1 B2) with a breakout confirming the incoming uptrend.
Oil is currently drawing a cup (c) with 2 handles (h1 and h2), the break of the neckline will probably occurs soon. Objective 1 is 59$. After this objective is reached lets observe any new pattern for a new uptrend
Unilever is in reverted head (h) and shoulders (s1 and s2), the neckline (n) has been broken and price is consolidating over the neckline. The first objective is o1, the second is o2.
Goldman Sachs is in head and shoulders (s1 h s2) validated configuration in weekly. The break ok the neckline has confirmed the configuration and the bearish signal. From now, a pullback over the neckline is expected before the start of the strong bearish phase. Objective is 160$.