Very nice fib play here. Now the resistance and ATH have gone this paves the way for us to see the 161.8% fib extension. Target 566p
The gap up open following the drone strikes on Saudi Oil fields has now fully retraced and closed. This coincides with the bottom of the parallel channel. Good place to long.
Bottoming on this is near complete in my opinion. Very long term accumulation down here at huge volume. A cocktail of things which might make a price rise quite dramatic. Immediate targets 330 and 500 but could obviously go much higher.
Higher high to go on this setup. Take profits at the top as correction will follow.
This has been trading in a falling channel, my main question was to explore if it’s bottomed or not before entertaining a long position. The rounding shape & double bottom gives this a high probability so rather than visit the channel bottom I now expect this to move to the channel top next at 1.93p. Let’s revisit if this breaks.
Symmetrical triangle with a false breakout 5th touch. Price distributing nicely across the demand area at 14.75 & onto the rising 200DMA. This should narrow over the next week or so & high probability to break higher. Although the present setup is a triangle, the convergence of the supply areas (horizontal supports/resistance) and the fib levels on this chart are...
Very good looking bull flag setup here, price has broken clear and backtested already. Price targets at 13/18/21. Would be surprised if this didn’t put in a good week.
Brilliant long set-up. Buy this dip.
This rounding has been going on for a long time and I have posted this chart many times. The selling has dried up and I suspect accumulation has been occurring here for a huge period of time now. Today’s candle is particularly interesting in that we have closed at the first major hurdle. If we clear this level at 292 then we should move to 330 quickly and then my...
This is occurring within this rising wedge now. We only have 3 touches here, so we should see a new ATH first then a pullback and then another ATH closer towards the end of the year. Where it breaks from there is anybody’s guess but experience tells me never to bet against US indices.
Classic breakout from falling wedge is now hitting 2.6 area which was the key breakdown level on the last long move down. No real fundamentals for anything higher yet either. I favour this getting taken back to the breakout from the wedge.
Looks like this rounding bottom is just starting to move upwards. The Bollinger bands are very narrow indeed now. 2.92 and above would confirm it, but I suspect the price will move up rapidly through a few levels here. Oversold since fundraiser at 5.00. Could be a great recovery stock.
Although I like the hard bounce and double bottom here, the rejection of the 200 week MA would concern me. Previously taking and holding this level looks to have been important - see highlighted areas. I’m going to keep an eye on this for direction.
I have been bullish of gold for quite a long time having seen this inverse head and shoulders formation emerge over many years. After the relatively extreme move upward in recent months it’s quite easy to see how this ran out of steam finally around $1550. The question now is how far will it retrace? I see two options here: First (and my core hypothesis) is...