Bottom fishers can profit once the initial selling has subsided, but must get out before the share price resumes its downward trend. Otherwise they'll be nursing losses for a long time, or until the company turns itself around.
Nickel could be at the start of a trend reversal. Double bottom pattern started in June 2015 and is now complete Next step is to break 200 EMA resistance, which is already being tested.
After today's results, will VOD break away from the Triangle pattern which has been forming since 2014? On this monthly chart, it's still in an uptrend, so the answer is probably yes. NOTE: RSI is not supportive though and shows divergence.
It seems that SML is finalising a cup and handle pattern, which also contains a H&S pattern. I think that represents a bottom formation and is bullish. Wait and see.
The numbers refer to the chart: 1 - TRAK hit 200 EMA and horizontal resistance 2 - Broke through 200 EMA 3 - Met horizontal resistance 4 - Is this the pullback? So, will TRAK break through the resistance or will it hold? Wait and see.
The chart proves a few things: 1) A double bottom formed, so the hourly trend should reverse. 2) BTC is so volatile. You need very wide stops to trade it successfully. 3) What happens to BTC in a few days, can take weeks or months in other currency markets. Note: As some talking heads say, BTC is not a currency, it's a commodity.
Breakout from 2.34, but does it have the legs to go past 2.49? Looks like a bottom is in place but will the trend reverse now or much later?
After today's positive results, can BP break its long standing resistance at 518p? A resistance that's been in pace since 2011. It looks like this is the time. Wait and see.
Volex has broken out and is heading towards its weekly 200 EMA.
Since June ETH has formed an ascending triangle. In an uptrend, that's bullish, although it can easily fail. Wait and see.
After creating a cup pattern since March 2013, BGO has every chance of moving much higher. That depends on if it can profitably grow its business.
Is this RBS's time, with a breakout from 269p.
Is this a breakout from the pennant Northern Bear has formed? Wait and see.
Good RNS which shows the company is likely to have better prospects in the US sanitisation market. The share price also formed a triple bottom since August last year, and today's price easily broke that resistance. A breakout on substantive news is bullish and the shares are now in play.