The concern for bulls on a close above resistance on the back of a busy start to earnings season is the potential for a throwback into the prior range and a further drop below - and out of - the range (due to weak earnings from company X). Trapped bulls make for quick sellers and there would be no shortage of traders looking to bank what they have from February/March positions. Buyer beware.
Trading Signals Summary
Of the 168 trading strategies currently on offer in our Trading Strategy MarketPlace there was a large number of trailing update signals, offering new rolling targets and tighter stops to protect profits. By today's end - assuming markets close higher - there could be another round of such signals for long strategies (and stop exits for short strategies). Of profit targets there were exits for Tri-Indicator Forex CADUSD and US High Winners BA
BSE Zignals
Long Confirmation Entry for GRSM (Mumbai) at INR2824.5
Indian Golden Brown
New Long Target and Stop for ZEE (Mumbai) at INR310.2 (EoD): Target INR346.2, Stop INR283.2
New Long Target and Stop for NEST (Mumbai) at INR2926.3 (EoD): Target INR3293.4, Stop INR2694.6
New Long Target and Stop for TELCO (Mumbai) at INR839.9 (EoD): Target INR939.4, Stop
Indian High Winners
New Long Target and Stop for NEST (Mumbai) at INR2926.3 (EoD): Target INR3293.4, Stop INR2844.3
New Long Target and Stop for TELCO (Mumbai) at INR839.9 (EoD): Target INR939.4, Stop INR811.3
Relative Canada
Long Confirmation Entry for DPS.UN (Toronto) at $18.94
Relative UK
Long Confirmation Entry for PAY (London) at 320p
Tri-Indicator Forex
Long Exit at Profit Target for CADUSD (FX) at 1.0020
UK High Winners
Long Entry for LIO (London) at 100p
Long Exit at Stop for ACHL (London) at 50p
US High Winners
New Long Target and Stop for AAPL (Nasdaq) at $263.7 (EoD): Target $280.1, Stop $253.4
Long Exit at Profit Target for BA (NYSE) at $74.46
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!
