The Wild Boys are back!
The mostly looked at forex currency pair eurusd is testing it's 9 month bearish consolidation pattern break line (support). A monthly close below 1.075 would give a nearby target at 1.015. Check…
Notorious QQQ.
First, go look at this previous post for PowerShares Nasdaq-100 (QQQ:NASDAQ) written on February 19th. The bullish target of 113 has been hit. Now the chart has morphed into the next…
Save A Prayer for Blackberry!
Is this a bottom carving out for Blackberry (BBRY:NASDAQ)? Let's imagine so and look at the bullish scenario. The monthly candle graph below shows the move to 11 needed to…
A Union of the Snake for Germany.
iShares MSCI Germany Index (EWG:ARCA) Is trending toward the lower boundary of it's descending channel. Now also coinciding with the breakdown support line. Check out the monthly candle chart. A close…
New Moon on Monday for EURCAD!
First, check his previous post on the eurcad forex pair. The 1.53 alert was triggered, but I couldn't get the monthly candle close to confirm the bullish breakout. Check out…
Will Apple Come Undone?
Revisiting Apple after a couple of previous posts. Click here for the one on August 1 and the other February 2. Some morphing has occurred and clearer lines are being drawn for…
Hungarian Forint is Hungry Like the Wolf!
The usdhuf forex pair is consolidating nicely (+7 months) after reaching it's target from a bullish breakout early this year. The new break lines have been drawn along with their implied…
What a View To A Kill for Seattle Genetics!
Seattle Genetics Inc. (SGEN:NASDAQ) is currently tracing a large top formation OR maybe a continuation pattern. Let's look at the 10 year monthly candle chart. I have the bullish breakout…
Restoration Hardware ready for The Reflex?
Restoration Hardware Holdings, Inc. (RH:NYSE) has a choice to make. Either a bullish breakout above 101 and it's ensuing target at 116 OR the bearish breakdown below 86 and it's 71…