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: 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.
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.