Markets are described with numbers. It’s a linear world – prices can only go up, down or sideways. Because they are numeric and inclined to mathematical analysis, we can be fooled into thinking that markets are somehow logical, and that price analysis is scientific. But market prices are not the product of a logical, mathematical or scientific process. They are a product of crowd behaviour. The current price of any stock, index or other trad...
Stocks to Watch Lululemon Athletica Inc (LULU US)$Lululemon Athletica (LULU.US)$ Daily Chart - [BEARISH ↘ **] LULU US traded sideways before breaking down lower. With bearish divergence being posted, a further push lower below resistance at 371.88 towards 318.24 support is expected. Price is now below 34 period EMA with MACD showing a build up in bearish divergence. Alternatively: A daily candlestick closing above 371.88 resistance will invalidate bear...
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Given the recent decline in US markets, particularly in the consumer discretionary sector, how should I adjust my investment portfolio to mitigate potential losses?
Stocks to Watch Iron Mountain Incorporated (IRM US)$Iron Mountain (IRM.US)$ Daily Chart - [BEARISH ↘ **] IRM US shaped a bearish breakout and is holding below a descending trendline. As long as price is holding below resistance at 102.00, a further push down towards 87.20 support is expected. The MACD is showing bearish momentum as well. Alternatively: A daily candlestick closing above 102.00 resistance will invalidate bearish view...
But market prices are not the product of a logical, mathematical or scientific process. They are a product of crowd behaviour. The current price of any stock, index or other trad...
Lululemon Athletica Inc (LULU US) $Lululemon Athletica (LULU.US)$
Daily Chart - [BEARISH ↘ **] LULU US traded sideways before breaking down lower. With bearish divergence being posted, a further push lower below resistance at 371.88 towards 318.24 support is expected. Price is now below 34 period EMA with MACD showing a build up in bearish divergence.
Alternatively: A daily candlestick closing above 371.88 resistance will invalidate bear...
Iron Mountain Incorporated (IRM US) $Iron Mountain (IRM.US)$
Daily Chart - [BEARISH ↘ **] IRM US shaped a bearish breakout and is holding below a descending trendline. As long as price is holding below resistance at 102.00, a further push down towards 87.20 support is expected. The MACD is showing bearish momentum as well.
Alternatively: A daily candlestick closing above 102.00 resistance will invalidate bearish view...
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