iShares MSCI Netherlands Invstbl Mkt Idx (EWN:NYSEArca) is getting ready for it’s next bullish breakout. Check out the monthly candle chart. A confirmed breakout would give a target of 29.25. The 5 year weekly candle chart shows the hard test of the breakout line at 26.50. Zoom in on the 1 year daily candle chart. […]
Monthly Archives: April 2015
Exception to establishing targets based purely on classical charting principles, “WALLS”! I’ve been talking about “WALLS” in some previous posts, and thought it is time to give this important concept a full blog entry. Enter US Dollar/Singapore Dollar to demonstrate on the monthly candle 10 year chart. Here is a first analysis I did with the […]
DIRECTV (DTV:NASDAQ) has been consolidating for the past year and is testing the breakout line at 90. Check out the monthly candle chart. The 5 year weekly chart is more of the same. Last weeks candle actual broke the 90 mark. Zoom in on the 1 year daily candle chart. DTV has been consolidating in […]
McDonald’s Corp. (MCD:NYSE) is ready to get super sized. Check out the 10 year monthly candle chart. After a breakout in late 2009 and a reached target less than 1 year later, another consolidation/continuation “ascending triangle” classical chart formation is in progress. The breakout line is set at 102. The 5 year monthly candle chart shows […]
EMC Corporation (EMC:NYSE) is currently tracing out a BIG +3 year a bullish continuation “ascending triangle” classical chart pattern. Check out the 10 year monthly candle chart. The 5 year weekly candle chart shows the bounce of the ascending lower boundary trend line. A break below that invalidates the current pattern. Morphing will occur and […]
I used my way-back machine to September 2008 and saw how I would of played IBM (IBM:NYSE). Here is the monthly candle chart with arrows indicating a previous target reached after a bullish breakout from a BIG +5 year base. A small top formation also has been forming for the past +4 months. An ascending […]
The Coca-Cola Company (KO:NYSE) isn’t KO’d yet, but the charts are showing some bearish reversal/top patterns. Check out the 10 year monthly candle chart. There is a HUGE 7 year “rising wedge” classical chart pattern in the works. The 5 year weekly candle chart showing the price testing the ascending lower boundary trend line. I […]
Philip Morris International, Inc. (PM:NYSE) has been consolidating for the past +3 years. There are presently 2 possible scenarios, one bullish and the other bearish! Check out the monthly candle chart. I have arrows for the next possible moves depending on which breakout line is breached. Here is the 5 year weekly candle chart. The […]
Bank of America Corp. (BAC:NYSE) has hit it’s breakout line and might try another run soon enough. Check out the 10 year monthly candle chart. That is one BIG +6 years ascending triangle in progress (a usually classical chart bullish continuation pattern). The 5 year weekly candle chart shows the two most recent test of the breakout […]