Most traders neglect to look at the big-picture thus only focusing on the daily fluctuations, and the problem with that is, they tend to let their emotions get in the way and not able to forecast the market accurately. I am not saying to forget about the da...
Related Articles: Part 1 | Part 2 | Part 3 | Part 5 | Part 6
Historical Perspective (Monthly-Charts)
Since late-2014, we've been involved with Boston Scientific (BSX) as one of our long-term strategy positions.
As you can see the chart from the ...
DAILY
Falling channel since Feb of this year
Broken below the channel in late October
It recovered and back inside the channel last few weeks
Island bottom reversal
Island bottom occurred during the fake break down (bear trap) = reversal ...
Braking Out
Despite of the "shenanigan" move back in late August, General Mills (GIS) still looking solid for the rest of the year and next year.
Looking at the longer term perspective on the weekly-chart below, we can see that the uptrend has not been broke...
Pattern Analysis
We've been involved with Google (GOOGL) since early this year as one of our Long-Term Strategy positions. If we look at things in the charts such as weekly and monthly perspective, I think Google has a good potential/probability of making a ...
LEVEL TO OVERCOME
XLE has been holding up here last few months above the rising "200SMA" after hitting the resistance (horizontal red) 79ish in late May of this year and declining back down 72ish in mid August of this year. Currently clearing above the falli...
There is interesting development happening in the Utilities Select Sector (XLU), so I wanted to present to you the arguments from the both sides (buyers and sellers) looking at the weekly-chart perspective. Keep in mind though, price-action has not been c...
BREAKOUT
Breaking out of 3-year base (purple box)
It may or may not retest the breakout level (red arrow) similar to late 2011
This is long-term bullish signal
3 to 5 years primary-term bullish run is expected
OVERBOUGHT
This is a s...
Bullish Divergence
Currently we have a "Bullish Divergence" formation (not confirmed) occurring on Halliburton (HAL) on the weekly-chart as you can see below.
Rather than calling the bottom here, what I am looking for is a confirmation from the price-actio...
Weekly RSI
We know that there is nothing absolute in the market, but we can ascertain probabilities. There are many factors that need to be accounted for when you are doing your analysis on a specific stock to presume it's direction especially for a long-te...
Weekly-Chart Perspective
Weekly Candle-Chart
Looking at this close-up weekly-chart, we can clearly see that the old-resistance (red arrows) has now become a new-support (green arrow) which is the level also coinciding with rising-uptrend support (green...