Archive
Archive for the ‘Modified japanese candlesticks’ Category
Heikin-Ashi and Expedia $EXPE
February 5, 2013
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(Follow-up) Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN
February 2, 2013
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- haDelta reversal + crossover at support
- A heikin-ashi reversal candle (Note: Use any trailing-stop to protect against grey swans)
An X-Ray of the Market: S&P 500 and Heikin-Ashi $SPY $SPX $DIA $DJIA
January 31, 2013
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Daily chart:
- Despite the extended price advance, haDelta shows weakness
- Bullish but weak
Weekly chart:
- Close to the apex of the consolidation triangle
- Bullish and undecided
Monthly chart:
- Bullish
Categories: heikin-ashi, Japanese candlesticks, Modified japanese candlesticks, SP-500, SPY
$DIA, $DJIA, $SPX, heikin-ashi, SPY
How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY
January 25, 2013
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Daily chart
- Comfortable vis-a-vis its trailing-stop
- Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead
Weekly chart
- Difficult to overcome the haDelta resistance
- Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)
Monthly chart
- Caution: haDelta is approaching the first resistance level.
Categories: AMZN, heikin-ashi, Modified japanese candlesticks, QQQ, SP-500, SPY, Technology
$EBAY, $SPX, heikin-ashi, QQQ, SPY
$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY
January 24, 2013
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Apple weekly chart (see below)
Upper pane
- Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
- Price objective: 320 (based on H&S characteristics)
- The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
- Note the change of trend 26 weeks in the future on the Ichimoku chart: Usually, such points warn about a strong trend to develop during this time
Middle pane
- The haDelta average SMA(3) was negative (yellow area)
- haDelta and SMA(3) failed to become positive (bad sign)
Lower pane
- Failures to go above the oscillator’s resistance (50-60 area) = Weakness
Categories: Apple, heikin-ashi, Modified japanese candlesticks, SP-500, SPY, Technology
$AAPL, $SPX, heikin-ashi, QQQ, SPY