Tag: Technical TradingSort
A look at the three-year weekly chart for ALR Technologies (OTCBB: ALRT) shows a baseline pattern and support at 6 cents with additional support at 7 cents. Higher lows have been progressively made over the three years with a top-end resistance at 24 cents. The chart is just above support as the MACD and RSI show a potential shift in trend, which could be signaling a potential move off the support again.
8 Technical Analysis Tools That Give Any Trader an Edge
You may have seen a TV ad where "traders" describe their strategies, and one says, "I trade on fundamentals." That sounds very reassuring -- except that, on any given day, "fundamentals" are a mixed bag:
You might have a good U.S. employment report...but bad news from Europe
A positive Fed statement...but a negative housing number
Strong earnings...but slowing consumer spending
The past month we have seen stocks pick up momentum to the down side after an already very weak month prior (May – Sell in May and go away). This second wave of high volume selling in June was enough to spook the masses out of the market shifting the sentiment from bullish to bearish.
A PERFECT FOUS4 STOCK PICK SET UP GONE SOUR! THEN HIT WITH POWER!
Over the past few years Forex traders have really had to step up their game in order to continue making money in the currency market. Back in the day before currency trading was main stream, currencies used to trend in a direction for a long period of time with a low level of volatility.
We talked about the S&P 500 making a kiss of death type retracement on the Facebook page yesterday. Honestly I didn't think it would happen as fast as it did.
The kiss of death retracement is the last rally after breaking a major trendline. In this case it's the intra-day trendline so it won't hold much influence other than the next few days as a swing trade.