Berkshire Hathaway is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 16 hours.
Bank of America has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 33.28 within the next 11 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Those of you that are trend followers are probably eagerly watching Blackberry to see if its latest 20.48% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 8 days move.
Alibaba is moving towards a line of 90.67 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Alibaba continues in its current trajectory, we may see it move towards 90.67 within the next
Amazon.com has broken through a line of 83.25. If this breakout holds true, we could see the price of Amazon.com heading towards 82.18 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
Coinbase is heading towards 36.07 and could reach this point within the next 7 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Dropbox Inc is moving towards a line of 22.77 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Dropbox Inc continues in its current trajectory, we may see it move towards 22.77 within
Blackberry has experienced an exceptionally large movement lower by 18.31% from 4.15 to 3.39 in the last 4 days.
Berkshire Hathaway is heading towards 309.63 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Apple is heading towards a line of 133.36. If this movement continues, the price of Apple could test 133.36 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
