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  #1  
Old 06-24-2017,
Anya12S065 Anya12S065 is offline
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Default AutochartistStocks.com - Trading Opportunities

Hi

Autochartist is a powerful market-scanning tool that monitors thousands of instruments daily including trading opportunities from NASDAQ, NYSE, AMEX, FOREX and more. The trading opportunities are based on psychological support and resistance levels in the market.

I will be posting videos and posts on a regular basis with trading ideas and good stocks to watch out for.

:welcome
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  #2  
Old 06-25-2017,
AntonioMus AntonioMus is offline
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Despite recent heavy selling pressure as evidenced by these sharp breaks in the S&P 500 and NYSE stock indices on the daily chart, short-term oversold conditions have caused the stock indices to consolidate, leading to counter-trend rallies. Although these short-term moves haven't been trend changing, they have created a sideways market, leading to a potential breakout to the upside or a resumption of the downtrend. Because of this action, the 60-minute NYSE Composite index is the stock index to watch today.

The overall quality of this chart pattern is only an average 5-bars. The highlight of this chart pattern is the maximum 10-bar initial trend rating. The initial trend indicator measures the strength of the trend prior to the chart pattern's formation. Its high rating suggests the potential for strong volatility once this index breaks out. Since the initial trend is down, a breakout to the downside will make it a continuation trend change. The gaps on this chart are responsible for the low uniformity and clarity ratings.
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  #3  
Old 06-26-2017,
Antoniocor Antoniocor is offline
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According to the principles of technical analysis of stock indices, the triangle chart pattern is a non-trending pattern. Even though it is non-trending, the gradual movement of the support and resistance lines compresses prices, setting up a potential breakout in either direction. If anything, the chart pattern suggests impending volatility.

Since the main trend is down, the first bias is to the downside. This means traders should watch for a potential break through the support line near 7937.00. This could trigger an immediate drop into the first support level near 7917.00. A break through this level could trigger an even further drop.

A counter-trend move will occur when this market breaks out above the combination resistance line and swing top near 4977.00. Both moves need rising volume and volatility to be successful, so if traders don't respond, the breakouts are likely to fail. A breakout to the upside should be watch carefully since the main trend is down on the 1440-minute chart.
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  #4  
Old 06-26-2017,
AntonyQ258 AntonyQ258 is offline
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Heavy selling pressure in the major stock indices and bellwether equity markets such as Google (GOOG) and Apple (AAPL) on Friday make the down side the direction to watch and Cognizant Technology Solutions and Celgene a pair of Stocks to Watch.

Cognizant Technology Solutions, stock symbol (CTSH) broke through the support line of a rising wedge chart pattern on the 1440-minute chart, completing the pattern and signaling the start of a possible break into the Autochartist price forecast zone at 71.26.

The overall quality of the chart pattern is a slightly above average 6-bars. The initial trend which measures the strength of the trend prior to the chart pattern's formation is a weak 3-bars. Since this quality was up and the breakout is down, Autochartist is calling this a reversal trend change.
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  #5  
Old 06-27-2017,
ArmandoHud ArmandoHud is offline
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The triangle chart pattern according to stock market technical analysis theory is a non-trending pattern. The gradual narrowing of the support and resistance lines compresses the price ranges, often leading to a volatile breakout as the market nears the apex of the triangle.

The overall quality of this chart pattern is rated a solid 8-bars. The initial trend which measures the strength of the trend prior to the chart pattern's formation is the maximum 10-bars. The initial trend is also up which corresponds nicely with the 10-bar breakout rating, making this a strong continuation trend change.

According to the principles of technical analysis of stock trends, the completed stock pattern changed Wal-Mart's main trend to up when the stock crossed the series of tops ranging from 61.47 to 61.50. The next upside objective is a pair of swing tops at 62.57 and 62.63. Once this area is cleared, the stock will have a clean shot at the Autochartist forecast level target at 63.51.
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  #6  
Old 06-28-2017,
admin admin is offline
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The strong rally in the U.S. Stock Indices on Tuesday may carry over to the individual equities today making both bottoming stocks and upside breakout stocks equally important to investors. Based on this assessment, Verizon and Wal-Mart are two stocks to watch today.

After spiking lower last week at 36.80 and consolidating for a few days, Verizon Communications, stock symbol VZ, finally turned the corner to the upside, helping to form the support line of a channel down chart pattern on the 1440-minute chart.

The move also created an emerging pattern, signaling the start of a potential move into the downtrending resistance line currently near 39.62. Before Verizon can reach this level, however, it has to cross a key resistance zone at 38.35 to 38.72. This 50 to 61.8 percent area was created by the 39.90 to 36.80 range. This area is essentially a pivot zone.

This chart pattern should be attractive to swing traders who wish to buy support and sell resistance.

Wal-Mart, stock symbol WMT broke out to the upside through the downtrending resistance line of a triangle chart pattern on the 1440-minute chart. The size of the candlestick on the breakout suggests strong momentum which generally indicates the upside target at 63.51 should be fairly easily attainable.
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