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Technicals

Apple stock caught in bear continuation pattern.Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term. The stock broke its support of $116 here and will likely continue and trade under $115 today. If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next possible breakout. Perfect opportunity for the long term stock investor to get into the stock and continue to average down should the stock come back. In the options world, I am not seeing any significant news to push the stock up unless APPLE surprises investors with ER next week.
NASDAQ:AAPL
by ThaMoneyHunter
SWKS loosing steam Skyworks is nearing a new high and running out of steam. Heres what the indicators say. Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators. Moving Average: SWKS is slowly moving closer and closer to its moving average and if history repeats itself, once it falls below the MA we should see a sharp sell off. Volume: The volume indicator shows we are starting to loose bullish volume. Relative Strength Indicator: Shows that SWKS is over bought, we should expect some heavy selling because of this. Indicators are just collections of information that can help us analyze trends to make predictions about the future. SWKS price movement is not guaranteed. Even if it does receive a sell signal. Please trade at your own risk.
NASDAQ:SWKSShort
by Myantman101
AUDJPY: End of the Trend?4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom formation. However, if price breaks back to 75.750, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
by ChartAddicts
EURGBP: No Bears Insight!4hr Time Frame: Reading price we can see we have been bullish. Reading the candles, we can see the price has cleared above resistance is creating new support with long wicks pointing to the downside. 1hr Time Frame: Scaling down we can see price creating a double bottom with bullish pinbar rejection candles at 4hr support. If price manages to hold above, we can see new potential swing highs. Look to buy this up to .93000 key psychological resistance. However, if price violates 4hr support look to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended
Long
by ChartAddicts
1
Best Ways to Trade the Rally in StocksStonks only go up, and have hit the target set from our Fibonacci Extensions. The Elliott wave suggests they could retrace very soon, and this would be a healthy retracement. We did see somewhat of a sell off yesterday. If we are right, the S&P should retrace to 3547. If we are wrong, it will pick up steam and rally around current levels at 3564. The Kovach OBV is very strong, so anticipate the rally to continue. Watch for a dip in the Kovach Chande for a good entry point, which it appears to be doing right now...
FX:SPX500Long
by quantguy
2
Top Ways to Trade the Volatility in GoldGold has been holding our range between 1905 and 1977 for a while now. The large price fluctuations have tested the extremes of this range, but have not broken them. You could have made serious $$$ clipping these levels. Currently, gold has caught some steam and is currently testing 1964. Be wary of this!! The Kovach OBV is not registering much momentum at all from this recent move! It is relatively flat, though looks to be tapering up ever so slightly. The Kovach Chande has risen, but looks to be finding an extremum and may recede soon, since it is an oscillator. What this means is that this rally in gold may be short lived. There are some significant technical levels above at 1964, 1973, and 1977. It is highly likely gold will face resistance at one of these. We are still bullish long term of gold, but this short term price action may give us some nice entry points for longer term holds, as well as short term scalps.
COMEX:GC1!Long
by quantguy
NZDUSD - Short TradeHey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well. Just look for a sign of weakness on H1 chart and enjoy your trade. SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart. Have fun!
Short
by Hussam-Qazi
EURGBP: Anticipate .91500!Daily Time Frame: Reading price we can see that we broke the range (between .88750-.90500) and has tapped previous daily swings at .88500 key psychological support and immediately rejected back above .88750 quarterly psych. If price manages to pullback and test .88750 support look for longs to .90500 and .91500. However, if price does not break .90500 look to reevaluate price action. Due to the uncertainty of market fluidity risk management is highly recommended.
Long
by ChartAddicts