Another head & shoulders pattern breakout. While this stock has made a small retracement last week, it is still possible for this stock to retrace to the 16.50 level before making the final plunge. As of Nov. 19, 2021, this currently sits at the 100 EMA and also an important support zone.
Intermediate Price Target: 14
Final Price Target: 12
Xinyi Solar (0968.hk) completed a 3 month long Head & Shoulders pattern. We already have a breakout last week. We are now in the retracement phase. As this is now at a good entry-level, we're set to get in on the next red candle.
Intermediate Price Targets: 12.50, 10 ==> important support levels
Final Price Target: 8.94
1.5 years long Head & Shoulders pattern for Skyworks. It already made an initial breakdown from the neckline. Ideally we want to see a decline into the support area (2 RED LINES) followed by a retracement to the resistance at the neckline all within a 2-3 week timeframe before making a short entry position on the 178-185 range. Target is 116-128 area. Good Luck!
What seemed 3 months ago as a failed Head & Shoulders pattern turns out to be actually still in play. This time however, the moves in the recent 2 weeks showed a clearer picture against AUD. We already broke down from the neckline, followed by the ideal retracement back to it which is the ideal short position entry. Target is the demand zone outlined in the chart.
Palladium had a great run the past month after about a year of consolidation. There is currently very strong upward momentum testing resistance at ATH. As you can see, the price is also on a rising wedge and hence a correction is imminent. I expect Palladium to retest 2850-2870 at least once more before moving lower to its new support at the 2680-2700...