Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2017.02.16 12:59
General Motors: breakout with the daily bullish reversal (based on the article)
GM share D1 price is on breakout by crossing Ichimoku cloud to above: the price was bounced from 34.67 support level to above for the 37.40 resistance level to be testing for the bullish trend to be continuing.
Sergey Golubev, 2017.02.21 07:39
Nvidia - one of the strongest performing stocks in 2016 (based on the article)
Shares price is located in the bullish area of the daily chart above Ichimoku cloud: the price is continuing with the secondary correction by breaking descending triangle pattern together with 105.65 support level to below for the correction to be continuing. If shares break 99.00 support level so the bearish reversal may be started, if not so the price will be on bullish ranging wityyhin Ichimoku cloud.
"NVIDIA Corp. after Thursday's close Feb 09, 2017's close. This leading stock was one of the strongest performing stocks in 2016. Nvidia hit a record high of $120.92/share in 2017 and is currently trading near $107/share. The stock is prone to big moves after reporting earnings and fell about $10 in the days after reporting earnings. Currently, it is testing its 50 day moving average lines which is a common area of support. The bulls want to see that level hold and for the stock to bounce higher from here."
"Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., holds the Nvidia Spot as he speaks during a keynote presentation at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Wednesday, Jan. 4, 2017. Nvidia, the biggest maker of graphics chips, announced a new version of its Shield set-top box and the debut of an online service designed to bring millions of new consumers to high-end computer games."
Sergey Golubev, 2017.04.20 16:13
The best stocks in FTSE 100: Unilever (adapted from the article)
Daily share price broke 100-day SMA/200-day SMA to above to be reversed from the ranging bearish to the primary bullish market condition. The price is on bullish ranging within 4080 resistance level for the bullish trend to be resumed and 3905 support level for the secondary correction to be started.
Sergey Golubev, 2017.04.25 17:12
Caterpillar shares - bullish breakout (based on the article)
Daily price was bounced from 92.98 support level to above for the breakout with the bullish reversal: the price broke Ichimoku cloud to above together with 102.75 level for the bullish trend to be continuing.
Sergey Golubev, 2017.04.26 17:58
Twitter Shares - daily breakout (based on the article)
Daily share price broke 14.95 resistance level to above for the breakout to be started: the price broke 16.12 resistance level as well for the secondary rally within the primary bearish market condition. Daily shares are located to be inside Ichimoku cloud for the ranging within Senkou Span lines for the direction of the bullish reversal to be started or to the bearish trend to be resumed.
Sergey Golubev, 2017.04.28 12:01
Starbucks - strong daily bullish; 61.74 is the key (based on the article)
Daily shares price is on bullisah trend located above Ichimoku cloud for the 61.74 resistance level to be crossed for the bullish trend to be continuing.
Sergey Golubev, 2017.06.13 15:08
Alibaba - weekly bullish breakout; 148.27 is the key (based on the article)
Weekly share price is located above Ichimoku cloud in the bullish area of the chart. The price is on bullish breakout by 148.27 resistance level to be testing together with ascending triangle pattern to be formed for the bullish trend to be continuing.
Sergey Golubev, 2017.06.24 08:17
DJIA and S&P 500: breaking new high (based on the article)
"The Dow Jones Industrial Average, S&P 500 and the German DAX are the only three major averages around the globe to set new all-time intraday highs this week, and they did so on June 19 or June 20. All nine indexes have positive weekly charts. Overbought readings are noted on the Dow 30, S&P 500, the Nasdaq, the Nikkei 225, India’s Nifty 50 and the German DAX. Dow Transports, Russell 2000 and the Shanghai Composite have rising momentum readings."
"The Dow Jones Industrial Average (21,397.29 on June 22) set an all-time intraday high of 21,535.03 on June 20, and has a positive but overbought weekly chart. Reduce holdings on strength to my monthly and annual risky levels of 21,987 and 22,041, respectively. My quarterly value level lags at 19,189."
"The S&P 500 (2,434.15 on June 22) set an all-time intraday high of 2,453.82 on June 19, and has a positive but overbought weekly chart. Reduce holdings on strength to my monthly and annual risky levels of 2,448.8 and 2,537.9, respectively. Note that the monthly level has been tested as a warning. My quarterly value level lags at 2,225.2."
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