The price is currently trading bullishly at its highs, yet it is not far now from a reasonably long-term bearish trend line which is quite likely to halt the advance, at least temporarily, and possibly provide a short trade entry opportunity later. Until the trend line is reached and decisively rejected, I take a bullish …
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The downside breakout scenario on the South Africa 40 Cash Index has manifested, as marked with the red arrow on the chart. The bearish crossovers of the 20, 50 and 200 day simple moving averages (marked with the black arrow) reinforces a negative trend bias assumption. Traders not already …
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Thor Industries (NYSE:THO) is a leading manufacturer of recreational vehicles in the U.S. and Canada. On Thursday the stock rallied higher after the opening bell, trading as high as $127.50 a share. Unfortunately, since that high-pivot the stock has reversed lower and is now trading down by $4.56 to …
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