Nov 24

Agrium Inc (AGU) – Nice Candlesticks Patterns to Trade!

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Agrium has been showing nice & reliable candlestick patterns to trade. Some far the candlesticks patterns have been realiable to predict the future price movement. So far, a few reliable trend reversal patterns like Morning Star, Evening Star, Bearish Kicker were seen. A Dark Cloud Cover pattern was formed on Nov 23 closing, this is another trend reversal pattern. By looking at the chart, AGU bounced back from the resistance of $57.69 and due to pulling back from its recent up trend. I am planning for a PUT option for AGU.

Oct 01

Synear – Trend Reversal!

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A Dark Cloud Cover Pattern (1st level reversal pattern) was formed on the uptrend channel. The stock may retrace back to $0.35 where this is the support line of the channel and 20D MA. If it breaks this support level, next support is $0.33. The uptrend channel probably ends when it reaches the $0.33 level.