Friday, December 15, 2017

$ECA, .....Bearish Descending Triangle

December 15 of 2017





Traders took the price to a technical auto adjustment for the range of 10.16 and 12.98, levels touched in the last 30 days, although the auto adjustment price was at 11.57, SMA-200 pressure at 10.59 moved the exchange up to 11.02

Although 9.6 million shares were exchanged, this volume is not a sign of lengthy adjustments.

After a long overnight session, on Monday we will see opportunities for a comfortable swing trade between 10.85 and 11.57, putting 11.49 as a high resistance level to the rise.

Don't be fooled, 11.49 has a buyer side on the seller of less than 3%, so buyers could move the price up to the SMA-50 of 60 minutes at 11.70 tops.

With 2.1 million shares purchased in the last 15 minutes of trading, Monday's opening will be very volatile, around 11 am will be clearly seen when this small swing will finish resuming the adjustment until 10.61.

With a cost of 11.79 for my short sell, I started to cover this position below 11.32 to 11.23, although I was surprised at 11.02.

My new swing purchase is at 11.28 total cost, which on the 11.49 I will start selling, to restart the last short sell and finish waiting for the next one began from 10.61

although there was a lot of pressure on this sector today, the 52-week record has room to be touched again before the next earnings reports.









December 15 of 2017





With an extraordinary resistance to the rise, the market is showing a technical formation of a descending triangle.

Weekly averages are showing a markedly negative performance.

For this type of weekly average, the price has remained below the SMA-200 which is now 12.17, considering this level a weakness of the price. 

For the daily average the SMA-200 is 10.59, now having this formation descending, the price has more than 75% to reach a reduction of up to 10% that places it at 10.61 near the SMA-200.

My strategy is to keep selling this until I reach the level of 10.61.
























Wednesday, December 13, 2017

$ECA, ....Bearish Descending Triangle



With an extraordinary resistance to the rise, the market is showing a technical formation of a descending triangle.

Weekly averages are showing a markedly negative performance.


For this type of weekly average, the price has remained below the SMA-200 which is now 12.17, considering this level a weakness of the price. 

For the daily average the SMA-200 is 10.59, now having this formation descending, the price has more than 75% to reach a reduction of up to 10% that places it at 10.61 near the SMA-200.


My strategy is to keep selling this until I reach the level of 10.61.












Friday, August 11, 2017

$RWT, ....Descending Triangle on Daily Chart, Short Sell Increasing

August 11 of 2017


A Descending Triangle on Place for Daily Chart Averages (2-day average) (swing trade) Short Sell Increasing 

Business Gap Opportunity is 9.64%
Lowe Range: 15.75
High Range: 17.43

Support Level: 16.25
Self-Correction Level: 16.59
Resistance Level: 16.93

Business Gap Trading Alert: Sell
Bollinger Top: 17.39
Bollinger Bottom: 16.89


SMA-20: 17.14   [price below]
SMA-50: 16.95   [price below]
SMA-200: 14.84 [price above]

Trend Performance:

Uptrend Status: Neutral
Downtrend Status: Downtrend








July 18, 2017


A Descending Triangle on Place for Daily Chart Averages (2-day average) (swing trade) Short Sale Position Open


MACD histogram and line are in the negative area (-0.03 from 0.03) territory neutral to negative averages, and the price is moving down.

Aroon Indicator the positive line at 88 descending from 100. The Aroon lines crossed the trend performance will be more extensive and aggressive for the next 15 days.

ADX strong at 16.58 from 15.62 moving up indicating the very weak performance is making a change to a very strong negative performance.

+DI 15 -DI 15 on a reversal of trend

Top 12.83 from 16.64 moving to negative performance, Bottom 28.16 from 12.87, moving up to a negative performance.

Stochastic RSI oversold at (fast and slow at the same level 4.63 from 23.10)

Support Level 16.25 (0.58 to be crossed)
Self-Correction Level 16.59 (0.24 to be crossed)
Resistance Level 16.93 (0.10 crossed)


August 11 of 2017










July 18 of 2017