A clean break out of bull flag, should suffice as entry trigger. It's a R40 flag (measured), so I reckon R160 is a reasonable target.
Inverse H&S breaking on the daily chart. It's a 'Long' on a daily close above neckline.
Choppy price action over the past couple of days has made me take a rather sky-scrapper view. Quite some resistance around the $70 area; and I believe that’s the area that buyers need to clear to take prices higher. I believe this is a $100+ market before the end of 2021.
Looks like woolies is on the verge of breaking a 5 year old down trendline; on the weekly chart.
Bull flag forming on the daily chart; whose break could mean new all time highs!
Rounded bottom on the daily chart, whose break can target 19.
Seems like SBK has been flagging on the weekly timeframe for a potential move lower; below 100.
Head and shoulder technical chart pattern on the daily chart. If confirmed measured target is at least 87.
A double top technical pattern on the daily chart, that can see the 200dma being tested in the short term. Unless that 200dma gives in, the trend is still firmly up.
Looks like we have an inverse head & shoulders technical pattern on the weekly chart, which could take price to new all time highs. Measured target is above 280. A convincing break above 200 confirms the pattern.
Bear flag broke as anticipated, measured target around 250; there is 200dma to clear on the way though!
Nice move on PRX ever since I 1st identified the break of incline support 3 weeks ago. Interesting that we now have a 'death cross'; which may suggest further downside.
Another risk on play. Range breaking down. We got a false break to the upside yesterday, and as some say, "a false break usually triggers an extended move in the opposite direction". Measured target is around 1.6450.
A risk-on play. Pennant breaking on the 4-hourly chart, could target 1.5350.
Price breaking down from an upward channel on the 4-hourly chart. There is support at 109, once that's taken out, we could get a run to 107.50.
Ascending triangle chart pattern on the 4-hourly chart, targets 72-74.
I seem to be seeing H&S patterns on most charts these days! Spar seem to be breaking the neckline of such a technical pattern today, as price attempts to close the November 2020 gap.