Posted: June 6, 2014 Filed under: H&S Bottom | Tags: $HLT, Hilton
Hilton Worldwide (HLT) completed a 6 months Complex Head & Shoulders Bottom after breaking out and finally closing above 23.10.
Initial target is $25.7. Stop loss @ 22.70
Posted: May 6, 2014 Filed under: Broadening Top | Tags: $JPM, JP Morgan
JP Morgan (JPM) completed a 4 months broadening top. Implied target is $49
Posted: May 4, 2014 Filed under: Ascending Triangle, Reversal | Tags: Gafisa, GFA
GFA stands for Ghana Football Association. It is the governing body of association football in Ghana, based in Accra. But what we are after today is Gafisa (GFA). GFA is one of the largest cconstruction and real residential segment in Brazil. The stock has almost completed an 11 months ascending triangle. A break out the neck line at 3.55 may be marking a reversal for GFA and an initial target of $4.8
Posted: April 23, 2014 Filed under: 200 Moving Average, Basing pattern, H&S Bottom | Tags: $NEM, Newmont Mining
Newmont mining (NEM) has been in the news lately on M&A rumors. Looking at the stock reveals a 5 months Head & Shoulders bottom. Interesting the neckline intersects with NEM 200MA. A breakout should be significant with an implied target of $31.80. Note that NEM reports earnings tomorrow Apr 24th.
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Posted: April 15, 2014 Filed under: Broadening Top | Tags: $COMPQ, NASDAQ, QQQ
The Nasdaq (COMPQX) has been saved today as it has almost completed a 4 months broadening top. Both the Nasdaq and Russell 2000 have a similar top. But recently the nasdaq has been the weaker index. A close below 3968, implies a target of 3,580.
Posted: April 15, 2014 Filed under: H&S | Tags: $JBLU, JetBlue, Regional Airlines
A 5 months complex Head & Shoulders top is forming in JetBlue (JBLU) with neckline at 8.20, which was broken intra-day yesterday. A decisive break would imply a target of $7.