Hot Stocks Signals

Fortescue Metals Group: further upside.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5.60
Our preference: long positions above 5.60 with targets at 7.00 & 7.70 in extension.
Alternative scenario: below 5.60 look for further downside with 5.10 & 4.60 as targets.
Comment: the RSI advocates for further upside.

S&P-ASX 200: under pressure.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5500.00
Our preference: short positions below 5500.00 with targets at 5050.00 & 4900.00 in extension.
Alternative scenario: above 5500.00 look for further upside with 5610.00 & 5725.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Pivot: 77.00
Our preference: long positions above 77.00 with targets at 87.00 & 90.00 in extension.
Alternative scenario: below 77.00 look for further downside with 70.50 & 67.50 as targets.
Comment: the RSI is bullish and calls for further upside. The stock remains trading within a bullish channel, while the relative strength index has crossed above a negative trend line, calling for further upside as likely.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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Towards 54.5
Regarding the chart:
* Prices have escaped from a declining channel
* A bullish continuation pattern in symmetrical triangle has been confirmed

Regarding technical indicators:
* The RSI indicator is turning up from its 50 level

Trading strategy
Buy @ open - Stop loss @ $46.3 - Target @ $54.5

Glossary:

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 53.10
Our preference: long positions above 53.10 with targets at 63.78 & 67.00 in extension.
Alternative scenario: below 53.10 look for further downside with 50.23 & 46.13 as targets.
Comment: the RSI is supported by a bullish trend line. The stock is trading above its rising 20-day and 50-day moving averages, which play support roles. Additionally, the stock broke above the upper boundary of its Bollinger Band, which could signal a continuation of technical rebound.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5382.00
Our preference: short positions below 5382.00 with targets at 5050.00 & 4900.00 in extension.
Alternative scenario: above 5382.00 look for further upside with 5500.00 & 5610.00 as targets.
Comment: the RSI has broken down its 30 level.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 21.50
Our preference: long positions above 21.50 with targets at 26.00 & 27.20 in extension.
Alternative scenario: below 21.50 look for further downside with 19.80 & 17.24 as targets.
Comment: The prices broke above a declining trend line and is heading upwards. The 20-day moving average is turning up and is likely to cross above the 50-day one in coming sessions.. The RSI is above its neutrality level at 50.

Fortescue Metals Group: further advance.


Pivot: 4.43
Our preference: long positions above 4.43 with targets at 5.93 & 6.32 in extension.
Alternative scenario: below 4.43 look for further downside with 4.00 & 3.64 as targets.
Comment: the RSI is supported by a bullish trend line.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Turning down
Regarding the chart:
* Prices are capped by a short-term declining trend line
* YYY broke below a significant overlap (dotted) set at 19

Regarding technical indicators:
* A death cross is identified between the 20-day and 50-day simple moving averages
* The RSI indicator is capped by a declining trend line


Trading strategy
Short Sell @ $19 - Stop loss @ $19.53 - Target @ $17.6
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TRADING CENTRAL has developed a unique methodology resulting from years of research and development. The relevance of approach has been time tested and validated on the main asset classes, in all market configurations. It suits all investment horizons, from intraday to long-term.

TRADING CENTRAL’s research combines:
- a chartist analysis in order to determine price direction and targets
- mathematical models in order to confirm this direction and the timing relevance.

A rigorous selection of proven traditional indicators is added to the sophisticated mathematical models to trigger trading alerts and ideas. Japanese candlesticks and their signals, in order to obtain confirmation of market reversal or acceleration.

A team of analysts, who are all market professionals, deploy TRADING CENTRAL’s research using this unique methodology. TRADING CENTRAL offer traders investment strategies for all classes of assets: equities, indices, currencies, commodities and interest rates.

TRADING CENTRAL experience was gained on trading floors.
- a chartist analysis in order to determine price direction and targets
- mathematical models in order to confirm this direction and the timing relevance.



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