Indian Strength [December] Target Notification Hit for PFC (Mumbai) at INR280.0 (Intraday): Target INR280.0 on 14Jan 09:25; Signal confirmation required at market close. The position was entered at 254.51 on December 16th while the stock was in a consolidation. Today saw the end of the 6-week consolidation with a new breakout; Power Finance Corporation (PFC) has the potential for a measured move to 304 which may keep holders in this stock for a little longer.
Forex Bull Trender [December] Target Notification Hit for NZDUSD (FX) at 0.7436 (Intraday): Target 0.7430 on 14Jan 08:16; Signal confirmation required at market close. The position was bought on December 9th at $0.708 and made a promising start before falling to the dominant bear trend; the decline wasn't enough to stop the position and in early January it was able to break this trend. The currency pair is hanging just below 0.7500 and an upside break would bring 0.7625 into range; 0.7360 looks to be a support level to watch.
Irish Oak [December] Short Entry for GL9 (ISEQ) at €2.77 (EoD) on 14Jan 02:15. Perhaps this one has jumped the gun a little. Short entry in the middle of a 4-month consolidation; a consolidation between a psychological strong range of €2.50 and €3.00? All of our trading strategy signals are mechanical and have built in exit conditions which will limit your risk. Time will tell how this pans out.
US High Winners [December] Long Confirmation Entry for SBUX (NYSE) at $22.92 (EoD) on 14Jan 02:15. Since the sizable gap break in July the stock has enjoyed a steady advance - enough to trigger a fresh long entry signal. Assuming no major price shocks it should ride the trailing stop and target prices relatively smoothly.
ETF Heaven - Medium Long Confirmation Entry for UWM (NYSE) at $30.22 (EoD) on 13Jan 20:30. ETF Heaven - Medium is one of the best performing strategies on Zignals with an overall return of 50.7% and a 3-month return of 5.2% (IncomeKing published by moneyfriend boasts a 196% overall return and a 3M return of 14.4% and is the best trading strategy available). This current pick follows the invalidation of a double top with a resistance breakout. A drop below $28.74 would set the cat amongst the pigeons but so far support holds.
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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals Dashboard; many are ranked in the top-20 for 3-month and YTD performance.
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