DRAX broken out of a bullish triangle this week. Bearish in my book. Expect retest at around 548. PS: This could also be a false breakout. This is not a recommendation to trade. Do your own research and make your own decisions.
Rectangle breakout from a pattern which started over 2 years and 5 months ago. Price retested the bottom of the rectangle on Oct 10th but continues to fall and could head towards the early 20s. WARNING: This is not a recommendation to trade. Do your own research and make your own decisions.
On the 4 hr chart: Breakout on 3rd November and retest on the 9th November, backed up by some above average buys on 7th and 8th November too. In the next few days, will it pull higher? Wait and see.
2 retests for Admiral before a triangle breakout. Downtrend started to consolidate from May 22 onwards and now we see it break resistance of 2356. WARNING: This is not a recommendation to trade. Do your own research and make your own trading decisions.
Goldman Sachs - Triangle break to the downside on the weekly chart. 279 expected as first level of support. This is not a recommendation to trade. Do your own research and decide on your own trades.
US Equities could be on a leg to the downside backed up by 3 weeks of heavy selling. Not quite, but almost a double top.
Market does not like Kainos's results Triangle break to the downside. Not much volume though. Possible move down to 498. Let's see.
On the weekly chart, Hochschild Mining looks to have broken out from 95.75 resistance. This bottom started to form in July 2022, so it's taken a year and 5 months to complete. As Gold is pushing higher this could mean more to come from this miner? WARNING: This not a recommendation to trade. Do your own research and decide on your own trades.
IMM matches the adage, "Markets take the stairs up and the elevator down".
Island reversal pattern forming for Home Depot NYSE:HD ? Started in Feb 22 almost a year ago after earnings report. If it completes, exceeding 339, then it will be a bullish reversal and 400-420 will be in play. So for next earnings it's possible that price will gap higher. Still watching though. This is not advice. Do your own research and trade your own plan!!
Broke out in June 2023 after forming a triangle which started in April 2018. If this continues, then possible target of 134 is possible. WARNING: This is not a recommendation to trade. Do your own research and make your own trading decisions.
Yellow Cake has broken its triangle formation which began in April 2022. There has been a retest at 398 although it is experiencing resistance at 448. The triangle formation in an uptrend is bullish. However, volume is low and, as a result, the breakout is weak. NOTE: This post if for education only and not a solicitation to buy, sell or hold. Do your own...
Breaks above its weekly 50 ema and looks like there's more to come. Only thing is, volume could be higher.
Many technical analysts are talking about a Cup and handle pattern on Gold. I used to agree, but now as the chart shows, it could be forming an inverse head and shoulders pattern before breakout. If true, bulls will have to wait well over another year for the breakout. OANDA:XAUUSD
Made a double top from Nov 21 to May 22. Then fell and retested the 50 EMA before continuing back down. Stochastic starting to look oversold, but it looks to be heading towards its 200EMA. Next few months will tell. WARNING: This is not a solicitation to trade. Make your own decisions and manage your own risk.
Observation of USD/JPY since 1971 and a commentary on the recent moves given that the BoJ might take measures to support the Yen in the near future.
It's taken 5 years for Sage to break out from 824 resistance. Good results today have seen the price initially increase by about 4%. Let's see if this is a true break or a bull trap as it was in Dec 2021. Looks bullish to me but do your own research and this is not a recommendation to trade.
After first quarter results, Tesla shares are heading lower, potentially heading to $101. TSLA started to fall under the 50 EMA in Oct 2022. It then retested the 50 EMA, and 210 resistance from May 2022) in Feb 2023, and has now resumed it's fall.