WHR - Stochastic Divergence Gap FillWhirlpool (WHR) has stochastic divergence on channel line support with a gap above.
Buy: 166.34
Target: 171.00 - 178.53 (2.79% - 7.33%)
Stochasticdivergence
ADM Stochastic Divergence Channel Line BounceArcher-Daniels-Midland (ADM) has stochastic divergence on trend line support. There is a gap to fill above the target zone that could lead to an extra 2.5%
Buy: 39.65
Target: 40.31 - 41.37 (1.68% - 4.35%)
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DISCK Stochastic Divergence Channel Line BounceDISCK has a coiled up stochastic with divergence and has good price support at this level.
There are two setups here, one for the Daily time frame and one for the 15 Minute.
Daily - Divergence Setup
Buy: 16.50
Target: 17.18 - 18.53 (4.12% - 12.30%)
15 Minute - Bull Flag Setup
Buy: 16.50
Target: 17.18 - 17.60 (4.12% - 6.67%)
Channel Line Bounce Stochastic DivergenceThis one came up on scans. It's in a well defined channel, and has stochastic divergence on the (9,3), and just got an upgrade to "Outperform" from NYSE:RJF . Ideally, it will come out of the flag and move right to the top of the channel and into the profit zone.
Buy: 18.55
Stop: 18.30
Target: 18.99 - 19.80 (2.37% - 6.74%)
Ascending Triangle with Potential Stochastic DivergenceNeed a green day to move the stochastic up and confirm divergence. This is a buy when it crosses yesterday's high.
Buy: 88.90
Stop: 87.40
Target: 91.71 - 94.33 (3.16% - 6.11%)
Falling wedge Trend Line BreakoutMSI has been coiling and now that the stochastic returned to oversold and has turned back u, it's time to move.
B: 85.00
S: 83.50
T: 87.02 - 89.59 (2.38% - 5.40%)
Stochastic divergence at the breakout point of a falling wedgeThis is a textbook divergence. Earnings are scheduled for 11/28 so we want to be out of the trade by then.
Buy: 29.05
Target: 30.31 - 32.29 (4.34% - 11.15%)
Stop: 28.30
Valeant Pharma: Moving back downVRX may, at first glance, look like the bloodshed is over and is moving to recovery. Not just yet. The daily MACD and StochRSI are inching toward sell indicators (see screenshot) and despite the markets upward movements today (Mon 12/14), VRX's recovery was pretty modest as more shareholders exit as they see the fall incoming.
Bottom line: Put options are a possability for short-term holding if you have the risk appetite. If you don't, then definitely wait to buy (back) in if you have been considering it. If you're holding this in hopes of shaving some of your losses or bought thinking it was recovery time, sell. Sometimes the most profitable thing you can do is take a loss.
VRX's financials aren't bad by any means, but they're product pipeline is pretty weak. Consider Addyi, the "female viagra": in the first month on the market only 224 rx's for it were sold. The market is very narrow since it is only considered safe in post-menopausal women who don't drink and think its pretty dramatic side-effect profile is worth the risk. VRX has even hired on a crisis-management firm in response to antipicated F.T.C action in regard to their pricing practices.
Valeant should have never reached as high as it did and now the correction is coming. VRX has been around a while but thier $31bln market cap is absurd. They have a price to earnings of 54(!), an earning per share <$2, and still have a fairly high debt-to-assets ratio. Compare those stats to Shire who is $38bln but have an earning per share of $15, and a price-to-earnings of only $12.21.
AUDUSD a bit more to the downside before a correctionIdea is based on Elliot wave theory. Stochastics are used for confirmation. Rationale and targets shown on the chart. Good luck
AUDNZD is in correction mode bearish forecast for the long termIdea is based on Elliott wave theory. According to my count, corrective wave nr 4 is on-going. Expect price to retrace into the 0.382 before wave nr 5 can initiate. Ratio confluence of waves nr 1 and 3 is used for the selection of the target. Good luck
GBPUSD heading south towards new lowsIdea is based on Elliott wave theory. Stochastics are used to confirm the wave count. Rationale behind this setup is shown on the chart along with specific target. Good Luck
EURUSD Long setupIdea is based on Elliot wave theory. The rationale behind this setup is shown on the chart. If you would like to know more about the way I am using the stochastics to confirm my wave count, please check my strategy idea. Good Luck
Selling Brent CrudeCrude oil has shown a promising downtrend respecting key levels where it's seen to be giving beautiful entries on its visibly apparent journey south. Currently, a high test close rejecting 99.60 after a pullback presents another such entry with a target area aimed at 88.50. 99.60 is within close proximity to the 38.2% Fibonacci retracement level. Today's high test close is well below both these levels and is seemingly prepared to continue trending short.
A potential hick up to this short trade is bullish divergence on both the Stochastic and RSI. Other than that, price action seems to dictate a healthy trend continuation move with a hulking potential ninefold reward:risk profile.
entry - below today's high test close
stop - above today's high test close
target - ~88.50
