Possible breach of support level by US Wall Street 30 Index
US Wall Street 30 Index is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If US Wall Street 30 Index continues […]
What’s going on with Tesla Motors Inc.?
Those of you that are trend followers are probably eagerly watching Tesla Motors Inc. to see if its latest 23.73% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 7 days move.
Will Coca-Cola Co. have enough momentum to break resistance?
Coca-Cola Co. is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, […]
US Tech 100 Index approaching support of a Rising Wedge
US Tech 100 Index is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 9 hours.
Important price line breached by US Small Cap 2000 Index
US Small Cap 2000 Index has broken through 2220.4500 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, US Small Cap 2000 Index may be heading towards 2281.3660 within the next 3 days.
Resistance line breached by US Small Cap 2000 Index
US Small Cap 2000 Index has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 2262.6642 may materialize within the next […]
Should we expect a breakout or a rebound on US SPX 500 Index?
The movement of US SPX 500 Index towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply […]
Will Biogen Idec Inc have enough momentum to break resistance?
Biogen Idec Inc is heading towards the resistance line of a Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, […]
US Tech 100 Index experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 4.05% move on US Tech 100 Index. The movement has happened over the last 23 hours. For those trend followers among you, you may think about riding this possible trend.
US Wall Street 30 Index is on its way up
US Wall Street 30 Index has experienced an exceptionally large movement higher by 1.93% from 35,526.9 to 36,097.6 in the last 20 hours.