jlin53

jlin53

Blue will be the support zone, it is over bought at the moment.

jlin53

Falling under from the long support above the 2 MA, It does not look good. If cross down, look for short.

jlin53

Short term if break out fail at the MA and ichimoku cloud, will drop and re-test local low. It might be best to look out for this month's US oil inventory number.

jlin53

Hourly divergence with tight trading range. Buy signal is given and with lower rsi, it seems like a good buy. Way too oversold even given a under guidance quarter.

jlin53

Good chance to long at 4hr bullish divergence, but it seems like if the momentum is not enough to break 336. Short with stop loss at 336.33 and target 257.27 and can take profit at 274.19

jlin53

It was a good pattern to buy with a inverse head and shoulder forming, but hidden bearish divergence is spotted. Lower high in price and higher high in indicator. It is a mixed bear. SHort term, it might give up some gains and continue upward.

jlin53

Short term bounce is expected with the divergence. Not much place to fall, maybe 5 % SL from current price.

jlin53

Small pump before the disaster? It might line up with another ETF rejection with the current course of track

jlin53

It looks bearish, but we will see.

jlin53

There are some bullish divergence developing with the lower high price but higher higher rsi. The price is very close to a pivot point to change direction also stacked with where the fib retrace line from the recent earnings dump. Overall the fundamental for BBY is on the good side, it just that the stock has went up a lot lately with investors having too high of...

jlin53

Hidden bullish divergence

jlin53

It looks like base on the RSI pattern, we will soon go up and take a dip and then making a new local high. Obviously the pattern could make a new turn with different political policy. Good luck ! USD/JPY

jlin53

USOIL take a leg down on friday's trading amid of intense "trade war" threat from both China and U.S. However, we have some pretty good support level below us and futures market indicate some more up aheads of the EIA report on tuesday. I am expecting some possible outlook for US production, but long term we might have a problem with over supply (increase in...

jlin53

It looks like a M shape down and it is definitely not a good sign from the shape of it. We are breaking fib after fib and struggling to make a new high, signling more potential downward pressure.

jlin53

The larger fib retracement tool is drawn from the previous high (not all time high), but when the energy sector starts its decline. The smaller fib is recent low with the market crash, and they both seems to be overlapping at the recent peak. If we break out of that point, we should expect a move to a higher fib and we can always use the current fib as a stop loss...