However, there is an upcoming defense point coming up. Rising support connecting the February low to the first of its reaction lows is likely to meet falling price around 1,010. Here there will be a trading opportunity for a push to 1,030 (likely to be new resistance) either tomorrow or Friday.
In light of yesterday's action there were a number of stop hits from the trading strategies. But one strategy, UK Golden Brown, actually had a Profit Target hit for Character Group (CCT), returing 32% in what was a grim day for the markets. Short strategies are now in the ascendancy with new signals emerging. You can find 170 short and long trading strategies in our MarketPlace; come find yours today!
ASX Oak
Short Unacted Entry for STO (Sydney) at AU$14.03 (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.
ASX Price x 20-day MA
Long Confirmation Entry for TAH (Sydney) at AU$6.96
Long Confirmation Entry for CCL (Sydney) at AU$11.33
Long Entry for CMJ (Sydney) at AU$3.16
Long Unacted Entry for MAP (Sydney) at AU$3.08 (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.
Long Exit at Trailing Stop for CSL (Sydney) at AU$32.61
BSE Zignals
Long Confirmation Entry for WRWDT (Mumbai) at INR1551.6
Long Confirmation Entry for NEST (Mumbai) at INR2774.5
Long Entry for CAIRN (Mumbai) at INR303.6
Frankfurt High Winners
New Long Target and Stop for SY1 (Frankfurt) at €19.21 (EoD): Target €20.24, Stop €18.32
India Oak
India Oak Short Confirmation Entry for GRSM (Mumbai) at INR2848.6
Indian Golden Brown
Long Confirmation Entry for CAIRN (Mumbai) at INR303.6
Long Confirmation Entry for WRWDT (Mumbai) at INR1551.6
Indian High Winners
Long Confirmation Entry for CAIRN (Mumbai) at INR303.6
New Long Target and Stop for PFC (Mumbai) at INR282.3 (EoD): Target INR311.3, Stop INR268.9
Long Unacted Entry for WRWDT (Mumbai) at INR1551.6 (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.
Indian Strength
Long Confirmation Entry for HDIL (Mumbai) at INR273.3
Long Confirmation Entry for VSNL (Mumbai) at INR276.1
Mumbai Elm
Long Entry for WRWDT (Mumbai) at INR1551.6
Relative Aussie
Long Exit at Stop for ERA (Sydney) at AU$16.52
Relative Canada
Long Confirmation Entry for GDI.UN (Toronto) at $7.92
Long Entry for FN.UN (Toronto) at $19.64
Relative ETFs
Long Confirmation Entry for DXD (NYSE) at $24.86
Long Unacted Entry for TWM (NYSE) at $17.42 (EoD): Entry signal given, but exited position on same stock too recently (7) days ago.
Long Unacted Entry for QID (NYSE) at $15.42 (EoD): Entry signal given, but exited position on same stock too recently (15) days ago.
Relative UK
New Long Target and Stop for MAI (London) at 156p (EoD): Target 178p, Stop 146p
Short Trender
New Short Target and Stop for JPM (NYSE) at $42.58 (EoD): Target $35.96, Stop $45.68
Short Confirmation Entry for T (NYSE) at $26.25
Tri-Indicator ETFs
Long Entry for TWM (NYSE) at $17.42
Long Entry for QID (NYSE) at $15.42
Tri-Indicator Frankfurt
Long Exit at Profit Target for MEOF (Frankfurt) at €47.50
UK Golden Brown
Long Exit at Stop for ACHL (London) at 50p
Long Exit at Profit Target for CCT (London) at 117p
UK High Winners
New Long Target and Stop for PVCS (London) at 53p (EoD): Target 58p, Stop 50p
Long Exit at Trailing Stop for MPI (London) at 435p
US High Winners
Long Exit at Trailing Stop for CAT (NYSE) at $69.05
US Oak
Short Confirmation Entry for T (NYSE) at $26.25
Why not start your Zignals Trading Strategy Business with us today?
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!
