Charts to admire
Thursday, August 7, 2014
NZDUSD bounced off from multiyears high
Weekly chart NZDUSD.
Bounced off exactly at recent multiyears high.
recent article:
NZDUSD touching multiyears high.
Thursday, July 24, 2014
MAC DONALDS (MCD) POSSIBLE TRIPLE TOP
Weekly chart MacDonald's shows potential triple top, especially recent sharp down inspite of overall bullish market.
Monday, July 14, 2014
Tuesday, July 8, 2014
Southwestern Energy (SWN) hitting resistance for fourth time
Weekly chart of SWN.
Twice hitting resistance 52.69 in 2008 and 2009 respectively; and almost hitting resistance 2011 and now 2014.
The three times that it hit the resistance, the price would retrace 50%.
For 2014, it seems to have already turned down.
Saturday, June 28, 2014
Palladium longer term weekly chart shows another same resistance level
Weekly chart Palladium up till 1996.
My previous post post on palladium (see link below) shows recent 4 year high as a possible resistance point.
With a longer term chart, there is another resistance level back in 2002 that is exactly at the same level.
The resistance may be a long term resistance level.
Chance for shorting or buying puts for palladium.
http://chartwaves.blogspot.com/2014/06/palladium-symbol-pa-hits-4-year-recent.html
Wednesday, June 25, 2014
Cheniere Energy (LNG) Smashing bull run
Cheniere Energy (LNG) weekly chart.
Unrelentless climb after 2008.
Parabolic bull run, with no indications of pausing or corrections.
But quite surprising that the rise is not supported by any strong financials.
Instead, revenue has been declining, leading to consecutive losses for the recent 3 years.
Net Tangible Assets declining into negative numbers.
So, what can be the real reason?
LNG is involved in liquefied natural gas business.
But the price of natural gas is not supportive of this trend.
See below corresponding 10-yr weekly chart of natural gas price.
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