andmk2

andmk2 Pro

A descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been used

andmk2 Pro Updated 

To all the Silver bulls out there. Bears first at this time. No short squeeze and no positive narrative will change the direction just yet. Break below 19.96, which was support now becomes resistance. PS: Chart is a monthly time frame

andmk2 Pro Updated 

Nice breakout on JLEN Environmental assets. Spent 2 months probing resistance and then made a bullish move.

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NYSE:PFE broke out at 45.60 and after hitting a high of 58, it then retested support in Oct 2022. It has now broken out and is heading higher.

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Bullish triangle pattern forming and possible breakout to come. Not much volume though although good performance in the past few months.

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Will Sage breakout of its 817 resistance, which has held for almost 5 years?

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A lovely cup and handle pattern formed on Physical Gold. However, it never broke out and failed. You can't rely on bullish patterns all the time.

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9% stake disclosed by Starboard has caused Wix shares to break out from resistance of 80.65. Is this Wix's bottom and can it resume a bull trend despite the weakness in tech stocks?

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Nice break out from horizontal resistance at John Laing Environmental Assets. Looks bullish to me. PS: This is not a solicitation for you to take a trade.

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The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) - Lots to think about.

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Made a double top from Nov 21 to May 22. Then fell and retested the 50 EMA before continuing back down. Stochastic starting to look oversold, but it looks to be heading towards its 200EMA. Next few months will tell. WARNING: This is not a solicitation to trade. Make your own decisions and manage your own risk.

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Weekly chart: Triangle formed with 2 or more touches to both its upper and lower lines. Early breakout too and could signal a rise to 587. However, if this goes to form, it will retest the upper triangle line at 339 before heading higher. WARNING: This is not trading advice and just my own technical analysis. Do your own research and trade your own rules.

andmk2 Pro Updated 

Support at 37.21 was broken w/c 2nd August and then was retested w/c 31 August, and went down from there. A good example of support becoming resistance. Not good for the bulls and bearish for now. Also price is below the 200 EMA.

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Forming a bullish pennant/triangle, and looking as it it will break to the upside early on in its formation. Wait and see. NOTE: This is not a recommendation to buy, sell or hold

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SSE has now resumed it's uptrend after breaking our in August last year. So, that took about 6 months of consolidation and a few tests of previous resistance at approx. 1500 which is now support.

andmk2 Pro Updated 

In Nov 2021, Gold made a false breakout. However, now it seems to broken out and is helped by geo-politics and a volatile equity market. 220 is a possibility in my very humble opinion.

andmk2 Pro

This week we have seen significant price increases in many soft and hard commodities. Is it any reason that inflation expectations have risen and broken their 2017 resistance.

andmk2 Pro

Not a BATS out of hell just yet but a breakout all the same. Broken away from 2756 and a good dividend, but now has to clear 3000 last established in Jan 2020.