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BAH earnings due todayEarnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open. This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now. However, if these are not an issue with your trading plan then BAH is worth a look. During the second half of 2014 a rather nice rounded bottom formed - it looks more uniform on the weekly chart. On the daily chart it appears to have tried a cup and handle but the handle failed. Since then price has retested the previous resistance three times but managed to stay above (with only minor breaches).More recently there was a doji bounce from the daily 50ma. The measured move from the rounded bottom does not appear to be quite complete but with earnings due today, and the $30 round number not yet cleared, it is worth standing aside until these two issues are past. But longer-term a buy opportunity seems likely.
NYSE:BAHLong
by iAnneTrader
EW breakout in an established uptrendEW has been on my watchlist for sometime. It was a great trending stock throughout 2014 but became of real interest when it it gapped up above the 2012 pivot high in October last year. Since October it has continued to trend up well, with several bullish flags but, over the Christmas period, has gone into a mini-range. This mini-range could well be a double bottom - although the neckline is a little high to technically be categorised as one. However, the two bottoms are good reversal candlestick patterns with the doji bouncing from the 50ma. Yesterday's breakout bar (12th January) was reasonably bullish and had slightly higher volume. Plus the mini-range, so far, has not been long in duration. Overall this indicates that price is likely to continue with momentum to the upside.
NYSE:EWLong
by iAnneTrader
GGP breakout but resistance aheadGGP has fallen a long way from it's 2007 high but has been steadily creeping up since bottoming out in 2009. This stock started to trade above the daily 200ma earlier this year but was still not displaying the hallmarks of a strong trend. The pullbacks, while not excessively deep, were quite prolonged and kept retesting the 2013 pivot high. Since September we have seen a large rounded base followed by a smaller one and now a bullish flag (with a doji at the extreme). But while GGP looks to continue it's trend to the upside there are several resistance levels ahead, one of which being the $30 mark. There are probably better opportunities worth waiting for.
GLong
by iAnneTrader
RCL gaps up on higher volumeUntil earlier this year RCL had been in consolidation since 1999. After price finally broke above $58.88 a good trend began to develop but was seriously hindered by the October pullback. This breached the 1999 pivot high and the 200dma but it was not all bad news - a cup and handle chart formation developed on the daily chart suggesting a move to the upside could continue. The first gap up (28th November) was maybe a smidgen early - although perfectly valid as previous resistance had been tested to become support. The current gap up, however, is on very high volume and a bullish bar so a good candidate for a near-term buy. A longer-term buy may also be on the cards but more cautious traders may want to see a bit more of the trend develop before making a long-term commitment. The longer the consolidation then the bigger the breakout - if this holds true there should be a lot more to come from RCL.
NYSE:RCLLong
by iAnneTrader
FDX gaps up with bearish barsFDX has been moving up since it's 2009 low but took some time to regain the ground lost from the 2007 high - with a long period of consolidation along the way. Since breaking above the 2007 high ($121.42) late in 2013 price has still struggled to fall into a linear trend. However once price broke - and retested - the $150 zone a smoother trend has developed. In the last couple of weeks FDX has gapped up three times on higher volume. While this should indicate strength, to the upside, the move as been most peculiar - each breakout bar has been bearish. For this reason it may be prudent to wait a while to see how the trend develops. This may mean standing aside until $200 is cleared.
NYSE:FDXLong
by iAnneTrader
RIG gaps down on higher volumeRIG has been bearish since the 2008 high, so with the last bar gapping down on higher volume a near-term sell opportunity looks like a good play. Price had been going mostly sideways, since the end of 2012, offering a strong support at around $38. When this was broken and retested (turning support into resistance) in August/September 2014 a new bear trend began to develop. This would've been very early to short this stock so a break of the more recent pivot low of $27.91 offered a firmer opportunity, for longer-term trend traders. Trading the last bars gap down (on higher volume) offers a near-term sell opportunity - with the next level of support at around $18 -$19. However, I am not looking to enter any trades today due to the US holiday yesterday.
NYSE:RIGShort
by iAnneTrader
ROST gaps up on earningsROST could offer a good near-term buy on Fridays' gap up on higher volume. The bar was very bullish - adding to the momentum to the upside - and easily cleared the 2013 pivot high. For longer-term traders, however, the large gap up could easily be filled - so we would want to see some sort of pullback or retest of the 2013 high before considering this a buy opportunity. And by that time we could well be approaching the psychological resistance of the 100 figure. Since breaking above the 200dma in August the trend has been very linear so if this continues and price clears $100 then a long-term buy could be in the offering. One for the watchlist.
NASDAQ:ROSTLong
by iAnneTrader
MMM strength to the upsideMMM has periods where it trends really well. But this year there have been two deep pullbacks which would've stopped most trend traders out of their buy positions. Since price broke above the September pivot high the candles have not been overly convincing. There was a gap up on 31st October but it was a doji, followed by a gravestone doji, which did not inspire confidence. However, the next bar broke out on higher volume so this could've been the first opportunity to get into this trade. Yesterday another bullish flag was confirmed (on higher volume) offering traders the opportunity to now consider entering long on MMM (or add to their trade).
NYSE:MMMLong
by iAnneTrader
7
SRE continues uptrendSRE has been a good long opportunity since breaking above the $72 zone. On the weekly chart the 50ma has acted as support throughout the trend. While the pullbacks on the weekly have all been within the normal parameters they have been a little more cumbersome to trade on the daily chart. The last two deep pullbacks both dropped to test the 200ma and figure 100 before bouncing back up. Now that area is cleared and, after earnings were released on 4th November, the bullish move continues. A buy opportunity for SRE if you are happy to accept possible pullbacks.
NYSE:SRELong
by iAnneTrader
Cute Little Gravestone Doji (Almost)Right now the market has been unable stay above 476 very well. There are many other indicators that are getting bearish as well. The one thing I was noticing when the candle was about to close was that it was on the edge of shooting star and doji. It ended at a gravestone Doji (almost) which means it closed and opened around the low. What this suggests based upon the candles before it is that the buyers are exhausted. They are running out of steam, and that can be seen in the volume or lack there of it. Stoch has come to a point of being overbought for a few hours. Add to that that on many other time frames that indicators are showing how overbought we are I'm thinking there may be some downward pressure ahead. PSAR is going strong which may be why we are stuck on the balance between going nowhere and nowhere. Forgot to mention ATR when publishing this, but it has peaked upon that Doji which means there is now a STOP in place for the uptrend. There is a possibility to clip a little higher, but for now I'm more bearish. My target that I am aiming for is 462.3. I don't see us getting higher than 475 for the moment. Baesed on that it will take a few hours as everything sets up on the longer time frames. I did not like what I was seeing all the way up to the 4H charts. Bearish signals going off.
BITSTAMP:BTCUSDShort
by ItisCalvin
6
HLF Putting in a Bottom, But in Need of Buyers!The 50 support has held up before and today's close may indicate that it won't breakout short. I think the best the bulls can get now is a trading range while the bears may begin to cover at support (50). There has been very little buying pressure for the past month. Longs also resisted 68-70. Shorts (which have ruled for a month) are indecisive based on the doji bottoms and sluggish momentum. I would cover here if I were short. Two proprietary indicators are putting in bottoms also, so that helps. It will definitely be a weak follow through unless a short squeeze will follow. The next minor resistance is 54.50-55 which would be a nice 10% move. Will be watching for a bull reversal setup for a long.
NYSE:HLF
by mbrennan
MRK Tight Consolidation Break - Long/Short (SAR)As I point out in the chart, MRK is in a very tight consolidation here. With the RSI holding inside of bullish territory after it's recent bounce off the 150EMA it has run into previous resistance. This resistance coincides with a sort of ascending triangle based on the higher-lows it has been making since March '14. This pattern comes to us after a long run up from Nov '13, leading me to have a bias for this play to the upside. The goal here is to watch it intraday and get long one tick above the most recent bar high ($59.37). Alternatively, we will get short intraday at one tick below the most recent bar low ($58.89) and holding it short expecting a bounce off of the resistance. The idea is to SAR (Stop & Reverse) the position on a close one tick above/below the same high/low, depending on how we entered. This means we have $0.77 cents of risk either direction. With a target on the downside around $56.30 and to the upside $64.75 by conservative estimates, that gives us a favorable risk reward. All said and done, the thinking here is that with this tight consolidation at a key level, a big decision will be made here in the coming days, that will make a big play for us. What happens after these candles could be the deciding factor, and we may even see a candle that reinforces one direction over the other to help us in our decision.
NYSE:MRK
by TheProfitcy
GBPUSD Forming Doji At TrendlineGBPUSD is in the midst of an uptrend, but has pulled back to a major trendline where it is forming a doji candlestick pattern. We also find a previously established horizontal support level and the 50 SMA in the close vicinity. As such, I think now is a good time to enter, as this might be a level bulls will step in to defend. I've set my entry to 6685 with my stop loss at 6625 and my target profit at 6985. I'm risking 60 pips to gain 300, so this setup offers q 5:1 reward/risk ratio. www.informedtrades.com
Long
by cfdtrading_news
1
EUR vs CAD Doji at SupportLooking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market had four decisive bearish days closing out with a long bearish candle near the support level. This level appears to be a level were buying pressure is present as the momentum turned quickly from bearish to neutral at this point. I look for the support level to hold and the market to bounce from here and attack the top of the range at 1.53019 long term. If price closes below the support level then we know we are wrong and we look for the support to become resistance and find another opportunity. Have a great trading week and God bless!
Long
by ChaosTrader63
20
Gold found support and looks ready for move higherFrom the beginning of the year gold was in uptrend from $1179 to $1392 (around 20%) then sold off from highs but found some buying support $1268-$1278 (around 50%-61.8%). ENTRY: This pullback is still controlled and with this 1) doji candle bounced off from support zone it gives me entry with tier1 then 2) I will add if it will hold above moving averages ($1300) and 3) another point will be break up of trend line @ $1310 STOP: 1) below low of doji @ $1277.13 2) below $1268 support zone's low TARGET: 1) 200 MA @ $1320 2) swing high @ $1330
FX:XAUUSDLong
by andrew.berg
3
AUD vs JPY Doji at SupportLooking at the AUD VS JPY we see price stalling at support @ 95.151 as price has formed a doji candle stating indecision and stalling momentum. Look for a close above the doji candle to enter a long position. If price forms a lower close then we know we are wrong and we do not enter a trade. Keep in mind that a doji candle is not a reversal signal but rather indecision. A conformation would be a close above the doji as price would then show that the buyers have entered the market and attempting to take over. Have a great trading day and God bless!
Long
by ChaosTrader63