Forex Strategy & Forex Trading Strategies made by Professionals for Beginners & Experts

Plus500

JP Morgan Chase in Front of a 9% Drop

Interval: Daily JP Morgan Chase opened this year at $44.70 per share and rallied 13 percent to touch a high at $50.66 per share. Its biggest gain was during January, because from the beginning of February the price started to consolidate. The price pattern draws seems to be a Head and Shoulders. It will be confirmed by a daily close under its base line (46.52). Even though just under the support, it is found the uptrend line, a fall might just break through both of them. In this case … [Read more...]

Earnings Period Started – Alcoa Unchanged After Better Than Expected Earnings

Interval: Daily Alcoa Inc. is engaged in the production and management of primary aluminum, and alumina combined, through its participation in technology, refining, mining, fabrication and recycling. The price of aluminum fell 8.5% and is likely to keep on falling in the next period because of the big worldwide offer. A lower price in the metal has reflected also in the price of Alcoa Inc. share price, which dropped 6.5%. Yesterday after the close of the market, the company reported … [Read more...]

Waiting for a 8.5% Throwback Before Acting On Google Inc.

Interval: Daily In less than 5 month Google Inc. (NASDAQ: GOOG)  shares have gained over 30%. The rally managed to break easily 800 dollar per share level. After hitting a high at 844, the price plunged back to 800, but o lower volume, meaning that investors are not that eager to sell. A full throwback of 8.5 percent will retest the 760 – 780 support area. In this zone the demand may increase because let’s not forget that we can find here the last top, the uptrend’s line 50% retrace of … [Read more...]

NYSE: Verizon Communication Inc. Bearish Butterfly

Interval: Daily Verizon Communication Inc. is one of the 30 companies that are forming the Dow Jones Industrial Average. In 1983 was born Bell Atlantic which after 17 years of changes acquired former independent phone company GTE and became as it is known today Verizon (NYSE: VZ, NASDAQ:VZ). The company became a provider of communications, information, services to consumers business and governmental agencies. It operates in two primary segments: Verizon Wireless and Wireline. From the … [Read more...]

Garmin Ltd Looks Bad On Trend Line Breakout

Interval: Weekly By evaluation standards it seems that Garmin’s shares are still too expensive, even after an impressive price drop. If we take a look at the evolution of Google Maps or the iOS mapping system, we will easily understand that the future is not that bright for Garmin Ltd. In the future its earnings are expected to shrink. The analysts were hoping for the 2013 EPS to be around $2.83, but now the company is expecting $2.30 to $2.40. The dividend is programmed for 29th of … [Read more...]

NYSE: American Express Company After 420% Growth

Interval: Monthly American Express Co. (AXP) is one of Berkshire’s “Big Four” public investments. After FED approved the company’s 2013 capital plan, it intends to raise its quarterly dividend by 15%, from 20 cents to 23 cents per share.  The company would like also to buy back a total of $5 billion of common shares until the end of first quarter 2014. Now let’s take the story to the charts. We can see that from the 2009 low it continually grew. Its price went over 420 percent up in … [Read more...]

NASDAQ: Bed Bath & Beyond Inverted Head and Shoulders

Interval: Weekly Bed Bath & Beyond Inc. (BBBY) is a chain of retail store and they are selling  usually domestic merchandise. The chain includes 1,173 stores in 50 states, some of them are Puerto Rico and Canada. The company is occupying now #251 spot in S&P500, after taking McGraw-Hill Cos.'s place. It's market cap is now 13.43 billion dollars. From a Reuters analysis it seems that BBBY shares have the potential to rise as much as 25 percent over the next year. This growth … [Read more...]

NYSE: Heinz Trade Setup After 20% Jump

Interval: Daily Last year Heinz had realized a good profit after the sales went up to $11.6 billion. Now they are looking overseas for growth and are betting on the emerging markets, expecting a quarter of the company's sales this year to account on them. Their results attracted Warren Buffet and its partner on the deal (3G Capital, the investment firm that bought Burger King in 2010) to invest $23.3 buying Heinz. This news has sent the price of the shares from $60.5 up to $72.5 at the … [Read more...]

NASDAQ: SBUX Harmonic Bearish Bat Pattern

Interval: Daiiy The Starbucks stock displays on the chart a harmonic pattern in the form of a Bearish Bat. Coming from PRZ there is a chance a rejection could take place and go back to 51.27. On 20 timeframes the average volume is going down for the move on the up direction to get the price in a place for reversal. A possible closing in the zone marked on the chart makes the Bearish Bat null and triggers a call for the continuation of the trend. … [Read more...]

NASDAQ: AMZN Last Week’s Price Drop Leads to Bearish Engulfing

Interval: Weekly After taking a pretty big series of hits last week, the biggest online retailer Amazon has formed a Bearish Engulfing in the immediate zone of the superior line of the channel. This could be a good signal for a correction intended to retest the 242.28 price level, also to sustain this scenario, we can see the down path of the volume after the impulse on the trend with a spike right at the last weekly drawn candle. … [Read more...]

NYSE:HPQ Retesting Inverted Head and Shoulders

Interval: Daily The price of the Hewlett Packard stocks has formed a pretty nice Inverted Head and Shoulder. After it broke its base, retested it. This can make a very nice trading setup. If the price will pass over the last top, it will have an open way to the target of the price pattern. We can set up the target at 17.46 and the stop loss under the base line of the pattern. … [Read more...]