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technicaltrader
@technicaltrader
41
Ex-finance professional trading markets globally using technical analysis
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2018-09-22 12:14
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technicaltrader
trading
8y
Marvell (MRVL) Price Analysis; Bearish outlook
The monthly chart above of MRVL shows price, from November through August, attempting to push above a level the stock has struggled at since 2006 and it has once again failed to hold those key levels.
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technicaltrader
trading
8y
US Markets; Semiconductor breakdown a serious concern
Since the March high, the SOX index has been coiling in a symmetrical triangle and on Friday, closed below the lower boundary of the pattern to confirm a breakdown. This for me is a concern as to the future
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technicaltrader
cryptocurrency
8y
EOSUSD; A whisker away from a breakout...
EOS is closing in on a breakout vs USD as it looks to complete a symmetrical triangle. Price is currently above the upper boundary of the triangle but it's important to wait for this candle to close to
technicaltrader
cryptocurrency
8y
Bitcoin Cash (BCHUSD); Next leg higher beginning; 1,214 target price
After forming a falling wedge since hitting it's June high, price broke from this on 27th September with an increase in volume and sporting bullish RSI divergence, all suggesting a strong set-up to get
technicaltrader
cryptocurrency
8y
Bitcoin (BTCUSD); Don't jump the gun...
I'm seeing a number of posts calling for Bitcoin to start a new bull market almost immediately. Whilst I agree that Bitcoin is approaching an inflection point and we should see a strong directional move
technicaltrader
cryptocurrency
8y
Bitcoin Cash (BCH) set to outperform Bitcoin (BTC)
BCH/BTC has broken out of the tight, downward sloping trend channel that has been forming since the June highs. The break was accompanied by a significant increase in volume with bullish divergence as
technicaltrader
trading
8y
Russell 2000; Levels we should be watching
The main feature of the RUT chart that concerns me at the moment, is apparent when looking at the long term, monthly chart of the index. The reversal that began on the first trading day of September, occurred
technicaltrader
trading
8y
NetEase (NTES) Analysis; Downtrend Continues
NTES looks set to continue its downtrend. China tech names have been under performing so I expect weakness to continue here. Major support was definitively broken with the gap down in May and the subsequent
technicaltrader
trading
8y
US Markets; Dow Jones Transports, Short Term Trend Lower
DJT another market adding to the growing chorus that short term trends in the US are lower. A mini head and shoulders has formed rejecting the January highs, a noteworthy event. Can't get bullish this
technicaltrader
trading
8y
Salesforce (CRM) Analysis
Whilst this name has been a strong performer and I'd usually avoid looking for short set-ups in those cases, the rising wedge is one of the more highly reliable patterns and yesterday's price action broke
technicaltrader
trading
8y
Radware (RDWR) Analysis
This cyber security name, a member of the HACK ETF (see here for my bearish outlook on HACK: is sporting a similar pattern to the ETF, a head and shoulders topping pattern with a declining neckline with
technicaltrader
trading
8y
Cyber Security ETF (HACK) Analysis
Whilst I had previously been bullish on this sector, after trend breaks in S&P 500 and NDX I've had to change my short/intermediate stance. This ETF now sports a mini head and shoulder top with a declining
technicaltrader
cryptocurrency
8y
EOSUSD; Forming Potential Pennant on top of support
A two month symmetrical triangle has been forming in this one and notable above major support zone which has been touched on a number of occasions since Dec '17, The more times is touched, the more important
technicaltrader
trading
8y
Netflix (NFLX) Price Analysis; Short Opportunity
After today's move in US markets that took the NDX, COMP and SPX all below short term uptrends, it looks like there will be some opportunities to consider shorts in the near future at least. Much more
technicaltrader
steem
8y
STEEM/USD holding above major support. Upside in the cards
Steem continues to hold above major support formed off the 2018 lows and more recently, off last months low. The weekly chart shows that price also formed a morning star candle pattern, one of the more
technicaltrader
cryptocurrency
8y
Ethereum (ETHUSD); Could be on the way to 400
A pennant looks to be forming in ETH and importantly it's forming above the downtrend since the May peak. Pennants typically break out in the same direction they entered it and can move fast. A daily close
technicaltrader
trading
8y
US Coffee Futures; Positive seasonality, heavily shorted, building a base
US Coffee futures have been one of the most unloved commodities and have been forming a descending triangle since the 2011 peak and the last two years has been marked by consistent decline. However, prices
technicaltrader
trading
8y
US Markets; Banks (KBE) rebound strongly off support
One of the major concerns over the strength and direction of US indices has been the performance of the banking sector. Yesterday, KBE, the equally weighted index of US Banks traded below support but notably
technicaltrader
trading
8y
Apple (AAPL) Moving to new all time high; 40% upside
Apple continuing on to new all time highs again after breaking out of a mini consolidation last week. The monthly chart shown below shows the next big picture target using Fibonacci extensions at 331,
technicaltrader
trading
8y
Facebook (FB) Analysis; Looking For A Bounce
Whilst this channel isn't yet clearly defined unless it can bounce off this level, it can be drawn at a time when some key markets are holding significant support and the NASDAQ and S&P 500 still look
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