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 […]
Weekly breakout candidates – BVN , CCU , HIW , WWE
This week I am starting a new exercise consisting is proposing securities that are potential breakout candidates, meaning stocks to play on the long side. I am neither a permabull nor a permabear, but based on the fact that on the long term the stock markets are always trending higher (due to long term economic […]
Litecoin to outperform Bitcoin over the next two months
The LTCBTC ratio has hit a support line on which it has always bounced higher since the end of April 2017 (if the flash crash by the end of May is taken out of consideration). EDIT on 20 Aug 2017: The lower spike from 25 May is specific to the COINBASE exchange but is not present […]
EUR/CHF – The Swiss Franc Lowers its Guard against the Euro Trooper
Let’s address the $EUR/CHF pair from a dynamic technical analysis viewpoint with a multiple time frame approach. It may look a bit complex and somewhat too technical for the layman but with some explanations it will become very clear. The graph presented is on a closing basis from Thursday, August 17 2017; by the time […]
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!
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
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 […]
Myokardia Inc. – That stock is going to the moon, or at least I think
Myokardia Inc. ( NASDAQ: $MYOK) made an impressive weekly close with an anthology of Weinstein Stage II breakout criterias: – Breakout from Stage I – No overhead resistance – Rising 30-week moving average – Extremely positive Relative Strength – Massive volume increase It certainly has the potential of being a super-winner and to rise… “to […]