Just like the SPX and DJI charts I looked at, this thing measures slightly past the Bear Market threshold... it may touch the target, doesn't mean it will close there though... If the current top proves to be the last shoulder, July 27th is when this is expected to play out by
Stock got halted before the close, the day before it was to be delisted. It never opened back up, volume was significant, all the scanners picked it up so it was the biggest mover of the day. My guess is either someone had a lot of naked shorts they needed to cover before they removed it from the Nasdaq, or somebody had a deal with someone to cover their shorts to...
Over the last few months Global Blockchain Technologies Corp broke out of its long price action slump with the announcement of a name change (...LOL...). Now they have announced involvement in crypto mining. Coupled with the fact that institutional investors are super yield hungry in an environment with prolifically low return on capital rates - even negative with...
Strong indication that the highlighted highs will hold. We should start seeing strong down moves in the near future.
This quarterly trend line projected from the Q4 '08 and Q3 '10 key lows is what has held up this long-term rally and is extremely significant because of that. There's been some talk lately in the trading community about the reliability of trend-lines and whether or not they're useful, judging by this chart I'd say if drawn correctly they're pretty damn...
Short term bull until this move with FB and QQQ finishes. Possible profit taking and strong resistance around diagonal support line 1 could keep the price in zone 1 (red circle). Lines 2 and 3 currently offer support. Should see a typical 10-15% sell off this would send FB back down to zones 2 and 3, with support at lines 4 (black) and X (red). The 100 day moving...
To me Amazon is a clearly heading for new heights, as the Coppock curve ( Eclipse) has just turned positive, also so has the Aroon oscillator, showing a positive trend has emerged. This is supported by the Cyclic lines showing the positive stock trend is just one of many. The 50 moving average is providing support, and the stock recently broke out of the sending...
Clear downtrend in tact, this does not look bullish
Watch the lines. This is the first time I publish this ratio and it looks like it is about to drop.
Wanted to make this post as FB as opened up a chance for a lower risk entry point. FB has pulled back 6% which is the first time in months that it has given any $ away to the market - hence i recommend buying and holing until 1$20. Trading strategy I suggest buying in a pyramid, and adding more long FB if it continues to fall e.g. 1@114 2@111 3@10 6 etc...
Volume Apple Volume traded up for the first time in 4 days on thursday, increasing 25% from 20m to 26m, whilst this may be considered bearish - as increased selling, it is important to not 26m is still 35%-40% below the 4wk and 6month average. Volume cannot fall forever and we have been trading at extremely low volumes all week, so given these facts, a modest...