Saturday, 3 May 2014

Update on trades taken in April

Sugar Futures: Past analysis here. Adding a pending sell order just below 16.76 and moving all trades to BE at 15.50

Sugar Futures - Renko Chart, 03/05
AMD: Past analysis here. Still waiting for price to break out of the triangle.

AMD - Renko Chart, 03/05
Coca-Cola: Past analysis here/ Cover longs to break even on a new green renko brick closing above 41.02. Target can be either a nice number of 45.5 or 45.6.

Coca Cola - Renko Chart, 03/05
CVX: Past analysis here. Revising target from 138.5 to 130.2. Moving all long positions to break even + a few more points.


CVX - Renko Chart, 03/05
MAC: Past analysis here. Price managed to rally quite a bit but currently sits in at the expected resistance level 65.63. Expect a few retracements to this rally. Target is revised to 74.62. If retracement holds, then upon a bullish brick being printed post retracement, add to positions.

Macerich - Renko Chart, 03/05

SPLS: Past analysis here. Nothing much has changed ever since. Price has managed to move just a little bit higher. So still waiting for price to reach 14.39. Although I wouldn't be surprised to see a reversal near the region of 13.

And all the ideas posted using Elliott Waves.... not bothering to update them. Consider them invalidated.

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