Sentences with phrase «potential reversal point»

Tracking an exceptionally strong rally, we have opted to assign a more or less liberal count to the trend and, in that case, we come up with counts 1, 2 and 4 which have been achieved in 2016, and a count 5 pointing to 32,814 before we reach a potential reversal point.

Not exact matches

Market Vectors Coal ETF ($ KOL), which we initially pointed out in this January 3 blog post as a potential trend reversal buy setup, continues to chop around in a sideways range since clearing resistance of its 200 - day moving average on January 2.

But first of all, I must be very quick to point out this potential trade does NOT fall within the technical parameters of our normal methodology for buying trend reversals.

According to Gann they are useful to determine potential resistance and reversal points.

We will plot a Fibonacci retracement that extends between the low recorded on the 16th of July ($ 1.825.5) and the high recorded earlier today ($ 3,420.7) to determine key support levels that will be the target reversal points of potential downwards price correction attempts.

All credit to TFG for highlighting their diluted NAV — in fact, it's frankly too conservative — as I pointed out above, if you fair value the asset mgmnt biz, a potential ALR reversal, etc. my proforma NAV / intrinsic value is actually v close to published NAV (and shd exceed it in due course, possibly substantially, presuming continued (rapid) growth in AUM).

The use of a harmonic price pattern also identifies the area near $ 11,000 as a potential reversal zone, with the potential bullish reversal point being $ 11,280.