Heikin-Ashi and Expedia $EXPE

 

Advertisements

(Follow-up) Why Facebook Is a Dangerous Short Here $FB $QQQ $GRPN

 

1. haDelta reversal + crossover at support
2. 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

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

How Far Will $AMZN Run? $QQQ $EBAY $SPX $SPY

Daily chart

1. Comfortable vis-a-vis its trailing-stop
2. Despite the sustained uptrend, the haDelta :: SMA(3) bullish crossing offers indications of a strong trend ahead

 

Weekly chart

1. Difficult to overcome the haDelta resistance
2. Caught inside a medium-term consolidation (haDelta is inside an ascending triangle)

 

Monthly chart

1. Caution: haDelta is approaching the first resistance level.

$AAPL Head-and-Shoulders – Target: 320 $QQQ $SPX $SPY

Apple weekly chart (see below)

Upper pane

1. Waiting for a resolution of the bearish Head-and-Shoulders following a sustained long uptrend
2. Price objective: 320 (based on H&S characteristics)
3. The thickness of the Ichimoku cloud in the next 13-15 weeks suggests a resistance difficult to overcome
4. 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

1. The haDelta average SMA(3) was negative (yellow area)
2. haDelta and SMA(3) failed to become positive (bad sign)

Lower pane

1. Failures to go above the oscillator’s resistance (50-60 area) = Weakness

 

Heikin-Ashi and Fibonacci $SPY $SPX $DIA $DJIA

Multiple and independent indications for market resistance:

1. Resistance #1: The reaction hits 50% of the segment September high – November low.
2. Resistance #2: haDelta hit resistance area
3. Resistance #3: The smoother haDelta and its short average turned at resistance

Conclusion: Charts don’t lie. Heikin-ashi helps to read them better.

 

Is Nokia Attractive? $NOK $RIMM $MSFT

If you are not using heikin-ashi yet, you probably missed at least +45%:

Research in Motion $RIMM from $8.23 (Oct 5) to $11.98 (Nov 26). 

https://heikinashi.wordpress.com/2012/10/05/very-bullish-rimm-signal/

–

$NOK daily

1. Ready to consolidate (haDelta is back at past resistance)
2. In most cases, the first close above the Ichimoku cloud signals a bullish trend ahead (trailing stop is a must!)

 

 

 

$NOK weekly

1. Double resistance: Ichimoko cloud and haDelta
2. Note again and again (and again) the result of a crossing haDelta :: SMA(3) neat or at zero