An old channel support line serving as support for the current bounce. Will it hold ? 5800 top of the channel could be a target if it holds.
A channel is forming on the Nasdaq, and it's not up. We need to see if support holds, but this weakness could potentially last longer than most might think. Caution on the long side.
After the IPO this one seems to have sold off and looks like it has now established an uptrend with defined support. Some risks involved in possible market regulation kept some investors at bay, but news yesterday from the Securities and Exchange Commission could bode well for companies like Coinbase in the future. Added some yesterday below $260 as part of a...
Netcare broke what seemed like an inverted head and shoulders neckline and retested that neckline. Possible target after 1700 would be 1970.
Interesting looking cup and handle formation on EOH. Possible targets if the neckline hold is 723 and 799.
Some support expected between 14450 -14370. Could see a bounce off those levels, but some caution is advice as October historically has a tendency to be a volatile month in stock markets.
What originally looked like a head and shoulders break turned out to be a fake break. It now looks like a bullish flag breakout with a breakout retest. Recent high of 265 could become a target.
Flat top resistance and breakdown and looking at 53000 for support
After a flat top formation, a drop followed and we are now back into the longer term upward channel. The bottom of this channel could be a point of interest, but until then it's maybe best to sit on the sidelines, or risk being run over by this train.
Adding a little $SQQ to "once again" hedge my portfolio against some downside risk. This strategy has not paid any dividends lately, but it's still worth while doing this for some downside protection. A breakout of the rising wedge will also stop me out.
Weekly chart of Naspers indicates that the 2800 level was an important level and a break of that level means that support could only come up at around the 2000 - 2080 levels. The massive volume that traded over the last week on weakness is also not a very bullish signal, indicating that some institutional money is move away from this one. Chinese regulators are...
Some weakness seems to have taken hold in this seemingly "bullet proof" index. Predicting any kind of weakness in this index and acting on it was a futile exercise for many years. A flat top formed on this index and as the saying goes "a flat top causes a drop" seems to be the order of the day for now. A cautious target of 14100 seems like the first support level...
After what looked like a bull flag breakout, the momentum faded and we're now back into that flag pattern. 5800 Level looks likely to be tested sometime soon before support is expected.
$23 is the level to break for a much higher target. $26 & $29 targets possible for the patient. Stick to a stop loss.
Inverted head and shoulders forming. A break of the neckline could see a ZAR 15.50 target
Bitcoin struggled to break $36k and has been in a downtrend since mid April. I won't be in a rush to buy Bitcoin anytime soon. If the bear flag plays out we should see much lower levels in coming months.
Took three months to reach first target and not in a straight line either. Second target 17700 looming.
Nasdaq 100 E-Mini Futures reached the top of an 11 month channel Each time we reached the top of the channel we saw some sort of sell off The last sell off was around 7,8%. We then saw a 12,30% rebound (thus far) Some caution is advised in entering big long positions here Some levels of interest lower down -14075, 13469, 13000