EURUSD remains within a small trading range ever since it refreshed the yearly low to 1.1186. That said, the monthly support line and gradually improving RSI challenge the bearish bias. However, the bulls have multiple hurdles to cross before convincing markets during thin volume and holiday season, which in turn makes it harder for buyers. Also adding to the...
My level: 22.80
Why: Prior monthly and support
Notes: I know its way down there but I’m going off of how it traded today, super heavy; numbers seemed okay to me as well.
My level: 45.20
Why: Previous support, bouncing off this level
Notes: I have been following this name, it has held $45 pretty well. If it breaks through 45.20, 44 is the next level
My level: 73.10
Why: monthly pivot, quarterly pivot
Notes: Its a strong name, just above the monthly pivot, closed on low, have to believe it will come in a little bit more, 2.4ATR should get it down to 73s or so.
My level: 86.10
Why: Monthly pivot, prior consolidation
Notes: Little bit of prior resistance which means new support. Closed close to lows, lets see if it holds 86.10 and makes another leg up.
My level: 49.70
Why: strong name, prior low, annual pivot, prior monthly pivot
Notes: The name was super strong. I’ve been watching this name and have it on swing.
My level: 25.60
Why: Numbers/financials good in my opinion. Annual pivot and support.
Notes: Down about 1.5pts when it closed, there is a lot of support at 25.60.
Pop back into the underside of the 20d/annual pivot is where I’m thinking we get a good short opp. Hoping it can spike up into the level as opposed to grind up there.
Thinking if this spikes hard up into the 126 level that it should give a nice fade opp. Stacked monthly/quarterly pivot area as well as the descending 20d coming down into it.
Fresh off an earnings miss, SEVERELY over-leveraged, and in a complete freefall. What’s not to love?! LOL. Regardless, if this sells off down towards $25 or lower, I’ll be watching for a relief bounce day.
Hate them or love them, the chart looks to be setting up. Will be watching for a flush into that quarterly pivot area around 31 for a bounce play. There are a lot of other spots lower where I would take the same shot, but won’t be building into the position if it doesn’t want to work at the first level. Will simply stop out and revisit
Big beat on earnings last week and we got a beautiful daily candle on the name. Will be watching for a weak open to start and hold around 194-195. You have a monthly pivot in there as well as about a 50% retrace of the daily candle. Ideally this doesn’t give back more than ½ of Friday if it’s going to remain strong.
My levels: 72.10 & 71.20
Why: Monthly pivot, 50D, previous low
Notes: this stock closed weak today, this level might be too close. I wanna watch these levels tomorrow to see what it does. I personally think this is oversold and think it has potential for a really strong bounce.
My level: 44.25
Why: 200D, prior monthly pivot
Notes: Numbers seem okay and there is a nice retrace. Don’t make assumptions when numbers come out, because there’s opportunity for us.
My level: 101.80
Why: Previous low, 50D
Notes: Holding the 50D, nice pullback to the previous day’s low and the 50D. If it tests this level it could be a $2-3 trade.
