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EXXON MOBIL CORP. – Digging deeper into the ground

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 […]

Aurinia Pharmaceuticals – Healthy correction to buy

Aurinia Pharmaceuticals – Healthy correction to buy

Aurinia Pharmaceutical ( NASDAQ: $AUPH ) is an absolutely perfect Weinstein play: breakout of resistance line with an explosion of trading volumes, a rising 30-week average, strongly positive relative strength. The stock price follows perfectly the script and offers a new buying opportunity by hitting back the previous resistance line now turned into support line […]

EURTRY – Something must yield!

EURTRY – Something must yield!

In a previous post I mentioned the extremely overbought condition of the $USDTRY pair. The situation is not any different regarding the $EURTRY pair. Therefore it appears that the turkish Lira should be close to ending its multi-year decline since August 2012 (bottom left of the chart) and is on the verge or recovering some […]

BYD – An electric trap

BYD – An electric trap

The case for BYD (OTC PINK: $BYDDY) – the leading Chinese electric vehicles and renewable energy company – is very clear. The share price is entrapped in a long term contracting triangle and it has been painfully climbing a wall of worries since it bottomed in mid-2011. The 30-week moving average is trending upwards but […]