This big UK tech-focused investment trust has been very popular for UK investors these last few years however it has now taken a tumble like everything else. Two counts here, one a bit more apocalyptic than the other. The blue count suggesting a deep 4th wave correction while the red count suggests the end of a 5th wave with a much bigger correction due.
SMT has had a great rip up. It's due a pull back and providing market structure remains in place, I'm hoping to take the opportunity to get long.
Another equity chart and another bullish count for one of the UK's largest trusts (holds mostly tech companies). A bit of confluence there on the next top too.....
This one has been banging on the door of 500p waiting to pop.
Notes to self. Scottish Mortgage seems to be holding up. Bullish Divergence , Holding trend and supports. Only thing I worry about is Tesla being a big part of this trust, There is a lot against that company from I can see currently. But they have some other fantastic share holdings and a lot great unlisted holdings. I think its a decent Risk Reward long hold, As...
Not sure if the correction is already over or if there might be a few more legs to go but I still think that this trust has more room to run on the upside.
I've been calling a top on this FTSE100 investment trust for a while now without any success. This analysis is a total change of course as I am now suggesting that we might only now be entering a 5th wave and there may still be still substantial upside to be had here. The recent correction does look a bit small but with the way markets have been maybe that is the...
This stock is featuring for the first time on our TradingView blogs. Current setup: Price has broken out of a mini consolidation and is moving up fast. Conclusion: As the move up is looking strong we can look for an entry after a pullback followed by a breakout on the daily timeframe. Any comments or questions, do not hesitate to leave them below. Give us the...
Crazy experiment of taking the price of Scottish Mortgage Investment Trust and dividing it by the Baillie Gifford Japan Small Caps investment Trust.
A while back I unsuccessfully called a top in this global equity investment trust and it replied by steaming higher. I'm having another go here at calling a top of a wave 3 that, according to this analysis, began back in 2008. However, I think there may well be more upside before any major correction as highlighted on the chart.
Using this popular UK global investment trust as a proxy this count might suggest that global equity markets are due a decent correction now or in the very near future.