Wells Fargo stock price declined to $45 on market’s open yesterday, after the bank announced its Q4 earnings. The uptrend that followed up is a great example of how to trade stocks during earnings season. Once again, I am going to talk about support and resistance levels. Only this time,
In breakout trading we are looking for breakouts that occur at key support or resistance levels. Yet, it’s not the breakout itself that is the decisive factor for initiating a trade. It is actually the significance of the penetrated level that matters the most. Scanning today’s action at Wall Street,
Bitcoin’s uptrend stepped off the gas this week, losing $200 in a couple of days. This is how we could have predicted the pullback, like I did 3 days ago. We need to take a look at the 4-hour chart of Bitcoin. On December 10, Bitcoin met resistance close to
Stock trading isn’t difficult; beginners just need to pay attention and be patient enough to wait for the best pattern. Trading that pattern is just as easy as 1, 2, 3. I continuously come across charts like the ones below during my trading sessions. So yes, you can find similar
As Twitter stock price is moving up into uncharted territory, these are two likely profit targets to trade out; $66 and $73.50. Why there? I have used the 1-hour chart of Twitter stock, in order to: Measure the range of last week’s pullback; and Draw the 161.8% Fibonacci Extension level.
Apple stock has gained almost $200 since July’s low at $390. As the new Apple – China Mobile deal is expected to generate billions in revenue, all eyes will be set on Apple price action today. Shares are up $7 pre-market (not shown in chart). But can we afford to
As a single Bitcoin will soon be worth $1,000, here’s why we should have invested in the crypto-currency two days ago, when it was trading at $850 area. The support level at $775 was easy to draw. First, it was the resistance on 21 November. 3 days later, the resistance
Everyone is talking about the surge of Bitcoin since it’s now valued more than $400. Yet, only a few discuss of the next price mark that Bitcoin value increase might meet resistance at. So, here I am, giving a few reasons why I expect Bitcoin to finally print a red
Bitcoin’s surge has slowed down a bit now that it met resistance at $400. How should we trade Bitcoin? I will start from the larger timeframes and move down to charts showing more detailed action of the past few days. So, let’s go over the daily chart of Bitcoin. Back
Esignal may be one of the best trading software out there, but when it comes to basic stuff of trading, it just toughens me up. One of the nuisances I dealt with was changing the default order size. Esignal originally sets it at 101 shares, if you are trading stocks!
Google revenue growth may have been benefited by some changes made by Google in the past few years. First it was the famous “(not provided)” listing that kept keywords hidden at Google Analytics. Now it is the Keyword Planner that replaces Google Keyword Tool. What’s next, Google Finance mobile stock portfolio?
Betfair is reporting their earnings for Q1 2014 tomorrow. As the Betfair stock is currently trading at a very important resistance level, whatever the figures they are reporting, there is going to be a lot of action at the London stock exchange for the gambling company. Either for good or