MC $170m TRADEGATE:56M ish Cash at hand (31 July23) SOI 237m Potential head n shoulders Low volume spring in background (SOS) +ve phase 2 results/News in background Shouldnt take much to punch this dribble of supply in the neck, tick tock
Recent positive news but takes time to turn around a stale ship. See how they trade em. Plenty time to get set in this one.
Should grip and rip. Based on the technicals alone, it's come down to the support zone, where buyers and news catalysts should hold firm imo.
I'm seeing a possible 3rd wave move up, it seems to of completed a larger ABC corrective structure with a 1-2 wave from the C low. I have set an early entry at 3.13, i want to see a sharp move up for evidence of a 3rd wave. If we do not get a sharp price move up the i will review this entry.
Currently at a strong support, needs to hold here tomorrow. If it does its likely to head to the neckline of an M formation. This may hold short term resistance before we continue higher to create a W formation. DYOR, only educational. As the environment changes charts will be posted.
Pay close attention to PARADIGM (PAR). 3 Potential Moves 1. We bounce off the .382 Fib level and return to test the 2.80 mark which we saw on 11/05/20 -Being the end of the trading week I suspect the latter. 2. We break the .382 Fib level and Uptrend and head for the 'Golden Pocket' -Bounce off strong support at 2.00 mark -MACD is starting to squeeze but if we...
30 day pattern from stoch cross-over to price peak in the last two cycles. Stoch crossed over again today - 30 days approx April 3 - give or take.
Just getting myself adjusted to Tradingview. This setup from $PAR looks like a nice Cup and Handle formation. Posting to test out some communication features.
Possibility of violent reaction , this is a pivot point for me, anticipate of volatility from this point.
PARADIGM BIOPHARMACEUTICALS (PAR:ASX) Has been trending nicely for a while now. More good news today with their next announcement "PARADIGM REPORTS CONSISTENT >50% PAIN REDUCTION IN KNEE OSTEOARTHRITIS PATIENTS" I like these kind of stocks in the medical space that are looking for alternative treatments to surgery. In the increasing world or obesity and ageing...