Nice looking bull flag building on this one. Still eyeing those 865 and 942 targets. Watch for a flag break. Will add again when the flag breaks on the daily. No position currently.
"AMC's gains came after the movie theater chain -- which has struggled with coronavirus-related closures and sagging attendance during the pandemic -- said on Monday it had raised a total of $917 million in financing." -the Motley Fool. Nothing special here. Just another day and another move. Highly speculative.
I love playing the odd speculative move on occasion, but this is way too extreme for me. The next big move will also fit into rectangle B.
Possible bull flag on a very volatile share. Possible targets also very liberal 2100, 2440. This one is very speculative and should be treated as such with position size and risk management.
Large inverted head and shoulders building. Watch for a 172 neckline break for levels 244 and 278 to come into play.
Anglo gold has been moving in a downtrend in tandem with the Gold price. Currently it looks like it's building a bear flag. If this bear flag breaks to the downside, 26700 could become a target. Cautions approach for new longs on this one. A downtrend break would happen in tandem with the gold price that will break out of it's down channel. Keep an open mind on...
Naspers is trading in a defined channel with an uptrend. It has now reached the top of the channel once again. It would be interesting to see what happens at the 345000 level, but my suspicion is that resistance will hold and we will move down to test the bottom of this channel once again around the 300000 level. The all share index of which NPN forms a large...
Gold has been in a downtrend since August 2020. A down channel breakout attempt at 1900 lost momentum pretty quickly resulting in us trading back into the down channel. The expectation is that we will continue to trade within this channel and a test of the previous low at 1768 is possible.
Bull flag break 1730 target is 2120, but would be surprise to see this going higher.
Lewis seems to be consolidating in what looks like a bullish flag. Support at 2200, and resistance at 2500. Watch for a break of 2500 for 2700 and 3050 targets to come into play.
Coronation is currently testing the upper resistance level of this channel at 4500. Keep an eye on on this level. If it breaks we could possibly see the share targeting 6000. Wait for the break confirmation before taking a position.
After a very good run through Nov 2020, it has been stuck in a consolidation zone between 2650 and 3050. If the upper levels of that consolidation zone is breached at 3050 and momentum is maintained, we could see a target of 3650. Wait for the break. No position.
Bidvest seems to be stuck in a channel between 13000 and 17100. It looks like a bull flag is developing within that channel. Watch for a break of the flag pattern and then a break of the 17100 level. Once that 17100 level is breached and momentum can keep it above that level, a 18600 target is possible. Wait for the break of 17100 . No position.
A break of this flag could see BTC challenge a new all time high.
$33k support held. Next interesting level will be $37k resistance. $1500 to go to that level. I have a position
96 Break could open 108 target. AMD kicking some Intel booty.
Possibility of a little more downside to test breakout levels. If that level hold, it will be very bullish for Gold. If not, then some more time in that channel is awaiting markets.