The stock is trading at a very crucial juncture. The RSI is indicating a sideways trend, important support pivot level is 8.75, below this point the stock may falter and selling may set in as the stock may start to move down in A-B-C pattern. On the flip side a good close above 9.30 may change the course of the trend GE may start trending up. For greater insight...
HELLO EVERYONE, TODAY I AM GOING TO SHOW YOU THAT NETFLIX MAY GO UP DUE TO SOME REASONS. 1. FALLING WEDGE PATTERN 2. DIVERSION IN SCRIPT 3. IMPROVE IN ECONOMY
Dow Jones (DJI) hourly chart analysis - Symmetric Triangle.
Dow Jones Industrial Average - historical monthly chart analysis.
I am bullish on the counter till its holding 115, sl fir me is 115 while upside i see upto 160 zones
i see the stock may extreme pressure in coming days !! even 20$ cant be ruled out
Short DJI at CMP (25756+) T1: 25510 T2: 25400 T3: 25280 SL: 25982
1) Dow Jones Industrial Average is still above its 50 week EMA. 2) It has formed a double top with a bearish divergence on RSI and Stochastic oscillator. 3) An ascending triangle formation is possible is the lower trendline is not violated.
The price action in global equities has been interesting lately and we are at a fantastic inflection point. There are multiple triggers to support reasonably big move in either direction and traders would do well to take a notice. My bias is on the downside but as I explain in the video, yours doesn't have to be. Watch the video for short term targets
Most overbought ever...at least till 1970's If that's not enough please humor me. What's funny is everyone in the mainstream is defending. Including Warren Buffett. www.cnbc.com And this is the response from Cliff Asness twitter.com You know where I stand. Make up your own mind. This is a global equity story. Not just the US. Indian benchmark indices touched...
I have been tracking the DOW JONES weekly chart from the last couple of months when it started showing consecutive green days regardless of global factors, earning reports, etc. So what intrigues me out of the weekly chart is the hastiness of the DOW towards the upper band of what appears to be a forming RISING WEDGE. DOWs rise recently has been crazy to say...
After the fox paus of North Korea, and despite the best efforts of US admin to fuck things up, normalcy is restored. Normalcy by definition is abnormal though these days. So be on your tows. Over next few days, week or two, it's the most bullish of bull market all around! Medium to long term is unknown. But it's great time to make some money in short term. For...
Acrophobia - Fear of Heights and a fall from the highest level can be dreadful. That's what we are looking in BankNifty, though Nifty & Gold has fallen a bit, here we are still at 20k's at the top almost forming a Double top. Whether this Double top will fail or work - we are unsure about that. This post is insync with our recent post about Nifty & Gold, remember...
VIX has fallen back to retest its breakout level. The structure is similar to March-June 2016. Will history repeat ahead of FED decision?