To put this in plain English, rally intact but shift stops to a break of Wednesday's lows with an anticipted drop back to the 20-day moving average. Short sellers will likely swing trade the doji, setting their stops above Wednesday's highs. The risk for both bulls and bears is the likely gap to accompany the break. Gaps are becoming more frequent and this is typical in the end-phase of a trend.
However, yesterday was a busy day for our 79 trading strategies. Would you like to create the 80th trading strategy? Use our trading system builder to build a strategy to suit your needs.
ASX Oak
Short Exit at Stop for CPU (Sydney) at AU$12.74
ASX Price x 20-day MA
Long Confirmation Entry for ORG (Sydney) at AU$16.52
Long Confirmation Entry for ALL (Sydney) at AU$4.34
New Long Target and Stop for WOW (Sydney) at AU$28.75 (EoD): Target AU$31.66, Stop AU$27.34
New Long Target and Stop for OSH (Sydney) at AU$5.77 (EoD): Target AU$6.47, Stop AU$5.59
Long Confirmation Entry for JBH (Sydney) at AU$19.80 (EoD)
Developing a Strategy
New Long Target and Stop for SBUX (Nasdaq) at $25.65 (EoD): Target $28.23, Stop $23.09
New Long Target and Stop for IP (NYSE) at $26.24 (EoD): Target $30.02, Stop $24.56
Long Exit at Profit Target for F (NYSE) at $13.56
ETF Kauto Star
Long Exit at Stop for SDS (NYSE) at $31.42
ETFs Oak
Short Exit at Stop for DDM (NYSE) at $46.82
Frankfurt High Winners
New Long Target and Stop for SIE (Frankfurt) at €70.10 (EoD): Target €79.67, Stop €68.81
Long Confirmation Entry for WIN (Frankfurt) at €51.10
Long Confirmation Entry for SDF (Frankfurt) at €45.89 (EoD)
Indian Golden Brown
New Long Target and Stop for WRWDT (Mumbai) at INR1608.1 (EoD): Target INR1782.0, Stop INR1458.0
Indian High Winners
New Long Target and Stop for WRWDT (Mumbai) at INR1608.1 (EoD): Target INR1782.0, Stop INR1539.0
Long Confirmation Entry for BSES (Mumbai) at INR1001.7 (EoD)
Long Exit at Trailing Stop for PFC (Mumbai) at INR254.5 (EoD)
Indian Strength
Long Unacted Entry for NTML (Mumbai) at INR333.7 (EoD): Entry signal given, but exited position on same stock too recently (9) days ago
Long Confirmation Entry for PGRID (Mumbai) at INR105.8
Long Confirmation Entry for KOTAK (Mumbai) at INR766.5
Irish Oak
Short Exit at Stop for CRG (ISEQ) at €18.69
MA Crossover
New Long Target and Stop for IP (NYSE) at $26.78 (EoD): Target $30.02, Stop $25.11
Short Trender
Short Exit at Trailing Stop for JPM (NYSE) at $43.63
Short Exit at Trailing Stop for IP (NYSE) at $26.45
UK Golden Brown
Long Entry for CARL (London) at 90p
UK High Winners
Long Entry for CARL (London) at 90p
US High Winners
New Long Target and Stop for IP (NYSE) at $26.24 (EoD): Target $30.02, Stop $25.93
US Strength
New Long Target and Stop for IP (NYSE) at $25.79 (EoD): Target $30.02, Stop $25.11
US Uber Win
New Long Target and Stop for INTC (Nasdaq) at $22.26 (EoD): Target $24.59, Stop $21.23
New Long Target and Stop for F (NYSE) at $13.95 (EoD): Target $14.86, Stop $13.44
Find your trading strategy here
Follow us on twitter here
How to Get Started with Zignals
Build a trading strategy in Zignals and potentially earn money too; download our Build a Trading Strategy PDF and get selling (and trading) today!
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 MarketPortal or the Zignals Trading Strategy MarketPlace.
Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com.
JOIN US TODAY - IT'S FREE!
