To follow-up on previous calls (or rather puts) on oil sector companies I would like to highlight this week MURPHY OIL CORP. (NYSE: $MUR) that is making a clear breakdown. Strategy: – Sell at market – Stop-loss above $28 (previous top marked with red arrow) – Target: Previous low @ ca. $13 In the mean […]
Educational Post – Don’t Sail Against The Wind!
The main mistake most investors do when adding stocks to their portfolio is to act on hunches or convictions about the performance of the companies they are investing into. One can be convinced that a company is going to do well for many reasons, such as because of the previous stock market history that has […]
British Petroleum – Another Big Oil Player Turning Sour
BP P.L.C. (NYSE: BP) is taking a bad turn following in the footsteps of EXXON MOBIL the way down. The worst is never certain as the stock price is still struggling to avoid drowning by remaining above the rising support line on the weekly price chart. The bearish scenario will become more convincing on a […]
This is now a good time to buy Litecoin against Bitcoin!
In a previous post I mentioned that Litecoin should be outperforming Bitcoin until the month of October, and while the Bitcoin price appears to be stalling below its recent historical price peak at $4,885 the Litecoin price is breaking out higher. Therefore it may be a good time for buying Litecoin against the Bitcoin. With […]
BITCOIN – To buy or not to buy?
The Bitcoin price in USD appears somewhat overextended. On the daily chart it is be stalling below a slightly descending resistance line. Should the price break above the historical price peak at 4,485 BTC/USD then an new impulsive leg higher should be expected. Should on the contrary a price correction take place then there appears […]
Litecoin – Another breakout higher
As posted on Twitter yesterday it was anticipated for #Litecoin ($LTC) to break out higher again: The wait was not too long as the breakout happened shortly thereafter: As the uptrend should extend higher any position can now be protected with a stop-loss below the thick blue line (high risk) or below the lower triangle […]
FORD vs TESLA – The Winner Takes It All
You may have seen this correlation uncovered by Bloomberg already two years ago comparing TESLA sales tracking FORD’s sales of the Model T: What sets the two companies apart? 100 YEARS, or in other words: the individual car vs. a computer on wheels, the ICE engine vs. the electric drive, Grand Pa’s mean of transportation […]
Deutsche Bank but not Deutsche Qualität !
Deutsche Bank AG, NYSE: $DB, stands out as a very weak member of the banking sector. Since 2008 the stock price continued to decline to almost one tenth of its peak value and it is only worth one third its value more than 10 years ago. The long term trend is clearly down, with the […]
Clean Commodities Corp. – Ready to fly
Clean Commodities Corp. , TSXV: $CLE, is a Canadian resource company with mining activities related to commodities such as lithium, cobalt, uranium, and zeolites. This stock is not for the faint-hearted but only for the bravest investors as it is making large price swings and does not provide for low risk stop orders. It is […]
GOLD supported on weekly and monthly basis to target $1,360
Gold is supported by strong bullish signals on both the weekly and monthly price charts. From this perspective 1,270 is a very strong support area whereas a breakout higher above 1,300 is the most probable outcome to target the upper monthly volatility band on the monthly price chart. Strategy: Buy any weakness against $1,270-1,280 price […]
ETHEREUM outperformance over BITCOIN may not be over.
Since the turn of the year ETHEREUM has outperformed BITCOIN as shown by the blue arrow on thee weekly chart. On the daily chart the price is clearly compressed in a horizontal triangle. If the price breaks out and reaches into the 0.09 area a trend continuation to the upside should be envisioned.
EXXON MOBIL CORP. – Digging deeper into the ground
EXXON MOBIL CORP. (NYSE : $XOM) is in a very week configuration. On the yearly trend (lower left price chart) the historical bullish trend appears to have topped in 2014 and has since then stalled inside a contracting triangle. On the weekly chart the stock price has been capped by a descending resistance since mid-2016 […]