DVRG squeezing in the channelbottom end of channel converging in a pennant with the all time high
no advice given
GGP in ascending channelConsoldation zone still strong
but narrow ascending channel at bottom and parallel to broader long term ascending channel
still needs to break consolidation zone to really be on the move
strong support
Barclays PlcStock showed up on my scanner last week.
Continuation setup.
Similar to late-February.
192p is the level to watch.
Stop: 182p
$TRN TRAINLINE high volume $TRN
possible DB formation on TRAINLINE economy reopen will push the stock higher
Alien metals in a very positive set upAlien metals (UFO) after an 8-month correction seems to be about to turn up again judging by:
- A momentum turning up
- A reverse head and shoulders pattern
- A price above the 50-day and 200-day moving averages
- A positive Ichimoku set up
Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time once again become a very profitable investment for anyone long junior silver miners.
Fresnillo PlcLong above 940p
Stop-loss: 890p
Target (Range?): 1080-1110p
Last: 920p
Break of line A_B is initial swing trigger. That's around 940p
Retesting its support before reaching new highsAlien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation.
Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
Taylor Wimpey PlcUK home-builder and development space looking interesting at current (technical) levels (also see Barratt Developments - BDEV).
TW at lower range of linear regression channel as well as testing prior breakout/supply area (now potentially support).
Not sure if going trade lower in the next few days but the reward to risk at current levels appear attractive while a break of line A_B would inspire more confidence that the next leg up is commencing.
Provisional Levels
Current: 171.40p
Buy Range 166p-170p
Stop: 161p
Target Range: 185p-189p
Fresnillo or the next opportunity if you missed the silverbusChart pattern: Bull Flag
Entry: 976.2$ (this would end the trend of the correction)
Stop: 825$
Target: 1750$ (1:1 Fibonacci extension of the former impulsive move)
Risk/Reward-Ratio: > 5:1
Stopmanagement: Parabolic SAR daily chart default settings
Fresnillo BottomChart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 897.6 GBX
CHRT To Continue Playing The Range?Cohort has made a recovery from the pandemic loses but has established a trading range between 550 and 660 going back to June 2020.
We are coming off the top of the range and price sitting at around 600.
If the share is to continue its established pattern there is an expectation to see it trading lower to around the 550 level.
So short term bias is short with 550 as target. What would negate this view? Increased volume on the upside propelling the price back up to 600 level.
There is little trading volume in this stock and also little institutional ownership. However, thinking big picture and the growth in HeathTech sector, could CHRT be a takeover target for a bigger group? Only time will tell.
ROO UPDATEROO update, we are in a consolidation pattern but we are resting inside the 618 66 golden pocket!
Is There More Downside Potential For This Telecom Giant?LSE:VOD
Following a disappointing earnings release last week, the price of VOD gapped down and traded softer for the earnings release trading session. The share picked up some buyers around the 125.00 handle and enjoyed a bounce back up to the 129.00 level in this week's trading.
price hasn't really shown any keenness to close the big earnings gap and appears to be setting up for a drive lower to the 121.00 levels (on a technical basis).
The reluctance of price to put in a retracement on last week's drive lower coupled with Tuesdays (25-05) open drive lower suggests there is potential on another downside move.
Will continue to monitor how buyers come back into the market and see if there is enough selling pressure to send price down to at least 121.00 in the short term
History likes to repeat itself - Sylvania PlatinumA careful look at the chart, and you can easily see that SLP is forming a bull flag after the peak of £1.50. Compare this to the last time this happened, a similar bull flag sent this higher. It looks to be in a strong, steady uptrend for now. Waiting for the bull flag to break.
Note: Not professional financial advice. Thanks and GLTA.
Imperial Brands long trade ideaWe covered a couple of tobacco stocks in one of our YouTube videos.
Now we see a good setup for LSE:IMB ; price > 50EMA, 50EMA>200EMA, characteristics of a strong uptrend. For a short term pay, 1:4 risk-to-reward; a buy at current level with a stop below the 50EMA, and a short-term target at 2244 GBX.
