Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Eye on AVL (by Mike Paulenoff)

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For those of us who think that the rare-earth space is actually worth something, then we have to take another peak at Avalon Rare Metals (AVL), which is at or very near to its intermediate-term corrective swing target zone of 2.77 off of its April high at 10.11.

Today's low is 2.81, from where AVL has since bounced a bit to 2.90-.95. This is not to say that AVL must hold at or above 2.77, because one look my enclosed channel work suggests that if the overall market continues to head due south, AVL potentially could press into the area of its lower channel support lines between 2.45 and 2.15.

From there, though, I would be expecting a significant technical reversal signal to emerge, assuming AVL remains a viable, real company. With these levels in mind, let's once again keep AVL on our radar screens.

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Originally published on MPTrader.com.

Apple’s Vertical Assault (by Mike Paulenoff)

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While Apple (AAPL) has rocketed to new all-time highs during the past several sessions, the price action has not been confirmed by momentum. In addition, price strength has propelled the stock 20% above its 200-day moving average, which juxtaposes the two indicators in the rarified air of "blow-off" territory.

That said, unless AAPL doubles back under 410-409, the near-term vertical assault remains viable and could propel AAPL still higher to test its upper channel boundaries between 418 and 426 in the upcoming hours.

Bottom line: Only a break below 410-409 will trigger warning signals, while a decline that breaks 406 is needed to confirm a near-term peak in AAPL.

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Originally published on MPTrader.com.

Chart to Watch – WFM (by TraderHR)

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Whole Foods Market, Inc. (WFM), which has been in a sideways trading range between 54 and 67 since early this year, jumped 2.32, or 3.6%, Wednesday to close at 66.85. That's just slightly below key $67 resistance and a multi-year high. We could see a breakout above that area if the market continues with its recovery.

If a breakout occurs, the next move could take the stock between the 69.50 and 71.50 areas. Preferred entry price is 67.55 with a stop at 64.80.

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Originally published on TraderHR.com.