rutt

rutt Updated 

Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.

rutt Updated 

Technically I'm looking to enter when the all time high breaks out. Fundamentals are strong. NTO is in the software solutions business and has extremely strong CV 19 tail winds, particularly via the digital transformation electronic signature space.

rutt Updated 

Looks to be a bullish flag forming in Ansells chart. High probabilty trade on the back of their cv19 tailwinds/fundamentals. Waiting for the break out with bullish candle confirmation.

rutt Updated 

Looks to be a bullish ascending triangle formation in the BVS chart. High probabilty trade on the back of the possible macro changes in the Superannuation sector. Waiting for the break out with bullish candle confirmation

rutt Updated 

Looks to be another bullish flag forming in sonics chart. High probabilty trade. They also have decent cv19 tailwinds/fundamentals. Waiting for the break out with bullish candle confirmation.

rutt Updated 

High probabilty trade here with 15% + upside. On the technical side the chart is showing a bullish ascending triangle, whilst on the fundamental side management have put in place strategic cost cutting measures. Should be some tailwinds as well once the lockdown eases.

rutt Updated 

H & S pattern looks to be forming in ARB. From a technical point of view, high probability we see the stock turn bearish in the medium term. I do expect some possible short term strength, however, keep your stop losses fairly tight.

rutt

BTC looks ready to start an elliott wave bull run very soon.

rutt

XJO - We have what looks like a classic elliott wave correction taking place. At this point in time an XJO Elliott wave ABC correction is a higher probability than a V shape recovery. Will this play out, I have no idea.

rutt

This rally has seen us nearly technically enter a bull market. The computers are out of control. I expect the 50 EMA to act as major resistance. High probability & a good time to sell some positions in longer term portfolios.

rutt

As interest rates head to zero the bounce backs from corrections are getting quicker. XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to...

rutt Updated 

6000 is the next level of support, if not we head straight into a bear market to 5400, which i think is a lower probability!

rutt Updated 

XAO has had 3 tests thus far to break out, however with MACD bearish divergence present any break out could be short lived. We could at some point early/mid next year see a reversal.

rutt Updated 

Just a little thesis I put together for what might spark the next bull run. Interestingly leading into each presidential election since the GFC the markets have plateaued for 18 months. After the 2012 election it was QE3 that sparked a bull run & in 2016 it was Trumps bullish corporate policies. Yes there has been other factors but now the big question to ask is...

rutt Updated 

I like EML fundamentally, and the chart looks bullish. However, I'm hesitant to get in on this one as the bullish C&H pattern inside the trend suggests the run up could be slowing.

rutt Updated 

Looks a nice trade (low risk). Solid one for long term Portfolios as well.

rutt Updated 

The Cup and handle pattern has been pretty reliable with REA over the years and it looks like another bullish high probabilty opportunity is forming again. Conservative entry would be a bullish candle breakout above the top of cup or if you want to get in on the back of REA'S bullish fundamentals, todays price of approx $103 looks ideal. Ideally S/L approx $98....

rutt Updated 

One to watch. Could be a decent trade here if the triangle breaks. May break out in anticipation of good earnings and or announcements.