Earnings ReportThe 200 MA is providing resistance and the 50 MA is providing support. This is most likely a flag pattern, and the ADX is about to go green so will most likely be bullish. But, since the earnings report is coming out today, I have chosen to create buy and sell orders.Also, due to past earning reports the volatility is very high so I expect the same to happen.
200ma
$MBT above 200MA and 75 day highstrong move above 200MA and 75 day high
focusing on simplicity EOD price and price action
Long term trade on HTZ. BullAfter apple´s agreement with HTZ, the market have bought the tock and have increase 80% in 17 days. Even thought it seems enough, I am think we can reach the Daily 200MA after a gold cross between the 9MA and the 200 MA in a 4 hour TF.
DOLLAR INDEX (DXY) FURTHER DOWN MOVEMENT EXPECTEDCheck the annotated chart.
Price trading below 200MA.
Retest of the weekly trend-line.
Weekly Block EQ tested and held.
LILA nearby breakout area, major resistanceLILA is another stock with positions recently added on to by investment group Dodge & Cox. The stock has been trending down since it's initial high, and prices are once again finding an area where they are to either continue on higher, or go down further. The stock has had some slight increase in volume recently, but prices are still below the major resistance area. The price is also nearby to the 200 MA, so there is the chance for them to pass through and use it as a support area to continue further up. This is a descending triangle, so the energy of the prices should react positively to the geometry of what's going on. A trade can be taken with a 2:1 R/R where the prices can move a full 2R from the last decent green bar before encountering some more resistance at the psychological $22.00 level where prices previously consolidated.
TV going through a wedge, major resistance trendlineShares of this stock were recently purchased by investment group Dodge & Cox, the prices are going through a major wedge shape, which is slightly pointed upwards at an angle. The top of the wedge is at a major resistance from the highest price the stock has reached dating back to 2015. The prices are also bouncing from the 200 MA, providing an area of support from which the prices can begin to trend higher. There is an area of consolidation which can be a short-term issue. However, a partial entry can be added on to later as prices trend higher if prices really do breakout that way.
There is a possibility for prices to fail to breakout from this zone, and they can trend lower to a further support below, where prices will again attempt to breakout from another major support. At that time the wedge will be descending, so there'll be stronger technical support for the idea that the prices are to breakout to the upside and continue on that way.
Flag PatternThe asset has also provided a flag pattern and now is in a flag pattern again, the 100 MA will provide support the price, and the Coppock curve is a in a triangle pattern and it will most likely breakout upwards to be positive. Also, this is backed by the volume decreasing showing a breakout is Imminent.
Long Russian Stock MarketDeep in my heart I am a contrarian. Whether its investing or anything else, usually I like to take the opposite side of the consensus. For this reason, I have been attracted to the Russian stock market for a couple of years. I'm a big reader of Jim Rogers, and I listen to any new YouTube video he appears, and he initially got me started in Russia in 2015.
With Russia hated by so many in the US, its easy to miss the great investing opportunities in Russia. For starters, their market PE ratio is only 5.67, compared to the US 27. Secondly, Russia has a ton of agricultural land that is poised for growth and innovation. I am trying to find a way to play Russian Agriculture specifically, but as of right now, I haven't found a reliable answer. If one of y'all has any ideas, please let me know!
Nevertheless, looking at the weekly charts, RSX has been beaten up since 2011.However, RSX did just break its 200 MA in a bullish manner, so I took the long side at 20.78 with a stop loss at 19.31, I am currently risking 0.50% of my capital on this trade. I have moved up my stop a little bit as the share price rises.
Regardless of what happens to Russia, I am very comfortable with this trade and expect it to deliver asymmetric results. If not, I lose less than 1% of my capital.
All the best,
RC
