Purple Group broke of of a four month consolidation pattern today. The previous high of 120 looks like a possible target. Warning: Small caps with low liquidity are prone to wild swings at times. Take that into consideration when setting a stop loss. A break back into this consolidation pattern on a daily chart could indicate a consolidation continuation.
The Nasdaq has been selling off in the last couple of trading sessions. On the Friday trading session it did however put in a stellar performance to cap what looked like a potential big down day. That initial move on Friday triggered many trailing stops and stop losses (I was stopped out of one of my holdings for instance), and buying pressure followed clearing...
For a brief period Zeder looked like it was breaking from it's consolidation channel between 256 and 275. It broke back into that channel and tested both channel support 256 and resistance 275 levels again. I will be patiently waiting for the 275c level to be tested and broken again. No timeframe on when this will happen. Neutral.
BTC is forming what looks like a bull flag on the hourly chart. A break could see BTC target the 54000 level once again.
Very nice bull flag break on Sygnia and an all time high of 2350 seems like a likely target for this flag break.
Astral foods has been consolidating in what could turn out to be a bullish inverted head and shoulders. Watch the 14450 level carefully for a challenge and a break in coming weeks. A break of the neckline could open 16000 and 17700 targets. No position. Watching
Terrific looking chart. Bull flag break and an upper channel resistance test of 9600 today. 10500 & 11450 levels could become targets. Stop loss with a break back into the flag pattern.
The rising wedge on the Nasdaq is on support and needs tp hold. If it breaks to the downside, it could be possible that we go down to lower support just above the 12000 level. Balancing act here. I'm leaning towards the more weakness side going into coming weeks. The Nasdaq just seems too frothy and speculative and might need to shake some weak hands. Neutral...
With the recent selloff on the Nasdaq this ETF looks like it's building an inverted head and shoulders. Neckline of $15 can be watched. A break could signal a move up to $17.90. This ETF is 3x leveraged, so be aware of the risk in buying this. I have a position and looking to add with weakness.
I guess one could be excused for thinking that this candle was the result of some stop losses been triggered and smart buyers coming in and supporting the price at lower levels. It looks like short term uptrend support held. No position because I was stopped out (ouch), but considering getting back in again.
Target area for this pullback will be between 43900 and 40600. This would be between the 50% and 61,8% Fibonacci retrace levels from the the move around 29000. It will also be support levels (top of the big flag pattern & Elon Musk candle). Stick to stop losses.
Reunert broke what looked like an inverted neck and shoulders at around the 4250 neckline level. Two targets added to the chart looks like possible targets for this pattern. Stick to a stop loss level with a break on the daily chart below the neckline level.
Anglo Gold Ashanti consolidated into what looked like a bearish flag pattern after a move down from 63000 to 30640. That bear flag seems to have broken, retested the flag break and are continuing the downward trajectory. Next target looks like 26800 levels.
Nepi has together with most of the big players in the property space moved aggressively up in the last couple of months. Nepi has now reached the top of a larger channel and into a consolidation phase. This consolidation pattern (flag) needs to be watched carefully. An upper break through the 9600 levels could see a continuation of the upper trajectory. A break...
Bitcoin broke from a month long consolidating bullish flag pattern. From a technical analysis perspective the target for this flag break is around the 57k level.
Wishful thinking perhaps, but a test of $1040 support and then a move up will be very bullish for platinum. Lots of upside potential here.
Headed for support around the the ZAR 13.90- 14.00 levels.
Long term support on the USDZAR would be in the 14-13.90 area