12-week cup with handle pattern forming (to be confirmed)
37% deep cup from prior high
15% handle length (reaching proper depth already)
estimated target +16.5 from handle breakout (base 25.5 to right top of cup 42.0)
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and...
S32 is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline or support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
As noted in the latest video update for the week ended 01-Dec, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ADT represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. A potential outside week provides clear guardrails for...
As noted in the latest video update for the week ended 01-Dec, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), PPL represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. Indications from the chart suggest to await clearance of...
As noted in the latest video update for the week ended 01-Dec, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), SMR represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. A potential outside week provides clear guardrails for...
As noted in the latest video update for the week ended 01-Dec, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), after having been identified previously towards the end of September, SPR represents a potential bullish opportunity should momentum continue and newer highs be made past the current...
As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), MTS represents a potential bearish opportunity should momentum continue and lower lows be made to confirm the outside week. Stop loss for the trade would be above the high of the confirmed outside week, should it confirm (i.e.:...
Detected in the latest scan for the week ended 24-Nov (detailed commentary and full scan results available in the signature below), LYC represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. Depending on risk tolerance, stop loss for the trade would be the high of the recent swing (i.e.: above the high...
Looking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus...
As noted in the latest video update for week ended 20-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), SLR represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. Stop loss for the trade would be the below the low of the gap-up...
Detected in the latest scan for the week ended 27-Oct (detailed commentary and full scan results available in the signature below), RIO represents a potential bullish opportunity should momentum continue and newer highs be made past the current position - observe the overhead resistance of $119.63 from 3rd April, which would need to be cleared before further...
Following a few stocks in the ASX 300 of particular interest, HLI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price has respected prior support of $3.47 and thus far intraday is also achieving...
As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), GMD represents a potential bullish opportunity should momentum continue and higher highs be made to confirm the outside week. Stop loss for the trade would be below the low of the confirmed outside week, should it confirm (i.e.:...
Detected in the latest scan for the week ended 24-Nov (detailed commentary and full scan results available in the signature below), SGC represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. As described in the analyses of the week, a recent outside week potential has been detected, as well as a key...
As noted in the latest video update for week ended 20-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), PDI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position - observe the overhead resistance of $0.235 from May 2022, which...
As noted in the latest video update for week ended 13-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ORA represents a potential bearish opportunity with respect to a possible breakdown should momentum continue and newer lows be made past the current position along with the outside week...
Detected in the latest scan for the week ended 03-Nov (detailed commentary and full scan results available in the signature below), BXB represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. As described, await for indicators to turn bearish for confirmation. Depending on risk tolerance, stop loss for...
