A price action above 12.00 supports a bullish trend direction. Bullish confirmation for a break above 13.00. The target price target is set at 13.50. The stop-loss price is set at 12.00 at its 200-day simple moving average. Notice the price action between its 200-day and 200-week simple moving averages, which might result in a spring tension trade. Remains a risky trade,
A price action below 511.00 supports a bearish trend direction. Further bearish confirmation for a break below 505.00. The target price is set at 484.00 (at the major support trendline). The stop-loss is set at 531.00. Start of downside price momentum applicable.
A price action below 1590 supports a bearish trend direction. Increase short exposure for a break below 1560. The target price is set at 1420 (just below its 38.2% Fibonacci retracement level). The stop-loss is set at 1720 (just above its 78.6% retracement level). Failing to break above its 200-day simple moving average (which acted as major resistance), might...
A price action below 967 supports a bearish trend direction. Increase short exposure for a break below 951. The target price is set at 883, which might complete the pattern as highlighted in red. The stop-loss is set at 1036 (its 200-month simple moving average). Remains a risky trade.
A price action above 13700 supports a bullish trend direction. Further bullish confirmation for a break above 13700. The target price is set at 15100. The stop-loss price is set at 12700. Remains a risky trade.
A price action above 404.00 supports a bullish trend direction. Increase long exposure for a break above 412.00. The target price is set at 419.00. The stop-loss price is set at 399.00. Remains above its 200-day simple moving average. A bullish crossover on the MACD (see the lower panel) support a change in trend direction.
A price action above 58.00 supports a bullish trend direction. Bullish confirmation for a break above 60.00. The target price is set at 62.00 (at the upper range of the inclining channel pattern). The stop-loss price is set at 57.00 (at its 38.2% Fibonacci retracement level). Remains in a well-established inclining channel pattern. Favourable win/loss ratio applicable.
A price action above above 0.8650 supports a bullish trend direction. Bullish confirmation for a break above 0.8630. The target price is set at 0.8675 (just above its 200-week simple moving average). The stop-loss is set at 0.8560. Building a base on major support, which might support the bullish trend. Furthermore, a break above and slight reversal will support...
A price action below 2460 supports a bearish trend direction. Further bearish confirmation for a break below 2390. The target price is set at 2200 (major support trendline). The stop-loss is set at 2630. It will appear that lower lows and higher lows are unfolding.
A price action below 3500 supports a bearish trend direction. Bearish confirmation for a break below 3480. The target price is set at 3200. The stop-loss price is set at 3830. Is will appear if the price action might complete the rounding pattern.
A price action above 345.00 supports a bullish trend direction. Bullish confirmation for a break above 356.00. The target price is set at 367.00. The stop-loss price is set at 340.00. Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the...
A price action above 113.00 supports a bullish trend direction. Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level). The stop-loss is set at 111.00 (at its 50% retracement level). The price action bounced from some almost oversold territory. Remains above its 200-day simple moving average. Remains a risky trade as...
A price action above 46.00 supports a bullish trend direction. Further bullish confirmation for a break above 48.00. The target price is set at 50.00 and 54.00 (its 78.6% Fibonacci retracement level). The stop-loss price is set at 43.00 (its 200-week simple moving average). Building on its 200-week simple moving average, which might support the upside price potential.
A price action above 9100 supports a bullish trend direction. Further bullish confirmation for a break above 9400. The target price is set at 9800. The stop-loss price is set at 8800. The price action is counter-testing the lower range of the declining channel pattern. Remains a risky trade.
A price action above 19800 supports a bullish trend direction. Further bullish confirmation for a break above 20700. The first target price is set at 21500. The second target price is set at 22800. Remains above both the confluence of its 200-day and 200-week simple moving averages. Also appears to have found support at its 38.2% Fibonacci retracement...
A price action above 14.00 supports a bullish trend direction. Further bullish confirmation for a break above 15.00. The target price is set at 16.00 (its 200-week simple moving average). The stop-loss price is set at 14.00 just below its 38.2% Fibonacci retracemenet level and its 200-day simple moving average). Earnings announcement might create additional volatility.
A price action below 910 supports a bearish trend direction. A price action below 900 supports further downside potential. The stop-loss price is set at 955 (just above its 61.8% Fibonacci retracement level). The profit target is set at 855. Crossing below its 200-day, might initiate a re-rest of its 200-day and then a leg down.
A price action above 1480 supports a bullish trend direction. Further bullish confirmation for a break above 1530. The target price is set at 1570. The stop-loss price is set at 1450. Seems like the 200-day is acting as some major support. Remains a risky trade.