GE seems to have started the Wave 5. The stock would probably move up to $19.63 (161.8% Fibonacci Retracement Leve). Price between $15 to $16 is a good entry level because $14.68 should be a very strong support for a higher high, higher low type of up trend Elliot Wave.
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.
GS appears close to complete the forming of right shoulder. The stock is unable to break the uptrend support turned resistance line & its 50D MA. If GS breaks the neckline, the stock may be sent down to $144.
Other Technical Indicators (MACD, Parabolic SAR, RSI, Stochastic, Bollinger Band) start to show bearish convergence.
