Descending channel for IBM.

First, check out one of my previous post on IBM here. IBM (IBM:NYSE) is testing the top line (resistance) of it’s HUGE descending channel on the monthly candle chart. Bearish divergence with the RSI giving more probablity of the possible bearish move. The 5 year weekly candle chart zooms in on that descending channel. Target 120. […]

Viva Veeva! Go breakout Go!

Veeva has decided to go bullish!  First, check this sprevious post from May 28th 2015. Some time has passed and Veeva (VEEV:NASDAQ) has finally moved to a bullish breakout. Here is the monthly candle chart. The target is set at 42.50. The weekly candle chart confirms this move. And finally a zoom in on the 1 […]

Will Delta lift Bombardier?

A friend of mine asked me to relook at Bombardier (BBD:TSE) after getting news of the Delta deal. I wrote a post back in early 2015, you can check it out here. Time has passed, check out my concept about chart morphing here. Let’s look at the monthly candle chart right now. Notice the BIG […]

Which way next for EURGBP?

For those not aware on my trading framework, I invite you to go through the links in my “How To” section. All right, back to business! The eurgbp forex pair has retraced back to previous breakdown levels and is going to test it. This also coincides with the upper boundary of the descending channel. Here is […]

Australia leaving “Down Under” territory! 1

The AUDUSD forex pair could be breaking out of the classical reversal chart formation “falling wedge“. Check out the 10 year monthly candle chart. Target is adjusted to the closest “wall” at 87.50. The 5 year weekly candle chart is more of the same. Better view on the breaking out from the possible bottom. Notice some […]

Bottom’s UP for Glencore?

Looking at Glencore (GL:LSE), we see a possible bottom formation breaking out. This might lead to a return to the previous breakdown level at 250. Check out the monthly candle chart. The weekly candle chart is more of the same. A final zoom in on the 1 year daily candle chart. This is breaking out on […]

Mister T!

AT&T (T:NYSE) is approaching it’s breakout line of the BIG 4 year consolidation rectangle. A monthly candle close above 38 gives me a target of 43, which also coincides with the 10-year high. Check out the 10 year monthly candle chart below. More of the same on the 5 year weekly candle chart. A final […]

Gold getting some shine back?

ETFS Metal Securities Austrailia Ltd (GOLD:ASX) is testing the resistance of it’s BIG +5 years consolidation range. Check out the 10 monthly candle chart. More of the same on the weekly candle chart. Zoom in on the 1 year daily candle chart shows the fast bullish action to the resistance (breakout line). My alerts are […]