Good day to all, I would like to share with you some of my trading ideas and very interesting actionable setups I see in some popular shares for the immediate future. Lets start with my favorite Deutsche Bank (DE:DBKGn).
Topping formation and a break below 15€ could push price below 13€. Key resistance at 17.50€ and multiple Head and shoulders pattern in the daily chart. Even as we speak with DAX near new all time highs, there is clearly a divergence between MI:DBK and DAX.
Interested in gold? Barrick Gold Corporation (NYSE:ABX) is about to explode higher with gold. An inverted head and shoulders pattern that bulls need to break above $21 (neckline resistance).
VIX is so much pressured lower that eventually it will bounce strongly upwards like a spring. That is why XIV is already providing a nice reversal signal and a possible strong bounce in VIX to come. $68.50 is key support. My wave count is as follows.
Amazon.com Inc (NASDAQ:AMZN) may very well have already completed 5 waves up and expecting a correction towards 800$.
A break below 861$ will confirm my view that at least a short-term pull back is in place that could reach between $835-810 if we have more up waves. Otherwise a break below the daily cloud support at $800 could signal a bigger correction.
Baidu Inc (NASDAQ:BIDU) continues to trade inside a long-term triangle respecting its boundaries. Traders should better wait and act after the breakout.
Here are just of a few of my setups and stocks I closely monitor. Thank you for taking the time to catch up on my thinking.
Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.