Bullish Breakout in ASPI: Strong Trend Continuation ExpectedASPI is currently experiencing a bullish breakout from a triangle pattern, indicating a strong upward trend. A daily resistance level near 11500 has been identified, suggesting a possibility of a return to the highlighted zone. The prevailing market sentiment supports the continuation of the bullish trend, making it likely to reach the anticipated target effortlessly.
Cse
KOTA.N0000Entry Point: 5.8 - 6.2
Profit Target: 9.2 - 10
Stop-Loss: 5.5
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
ASI - Falling Wedge Pattern in CSEASI might bounce from 8500 level. Closely monitor this falling wedge pattern and fib levels in the chart.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
TEEJAY LANKA PLC - Falling Wedge PatternEntry Point: 30 to 31
Profit Target: 40
Stop-Loss: 28
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSE - ASI 6/19After recent breakout bourse took a breather after getting rejected at golden pocket fib level.
currently its nearing the support zone roughly at 9150 range.. expecting a bounce here while forming another HH and HL formation. Failure to that pullback could extend to 9030 levels.
lets watch!
ASI Bearish again! Where is the bottom?Next Strong Support Levels:
8600
8200
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
BOGAWANTALAWA TEA ESTATES PLC (BOPL.N0000)Entry Point: 40-42
Profit Target: 60
Stop-Loss: 37
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSE ASI 5/2/2023ASI got a colossal 271 points drop today almost triggering circuit breakers today in bourse! This was the biggest single day drop ever since last year October 11th.
As expected from losing rising wedge trendline support market was showing diminished strength even though most of the fundamentals are coming in to place.
What to expect
* I strongly believe market should bounce hard from 8430-8500 levels. given the long standing trendline support lying there.
Pros.
* Market is properly oversold, green RSI region has only being pierced once in recent history. Covid era
* Fundamentals are flipping
* Interest rates are gradually coming down
* 0.5 Fib level
* Possible double bottom with a good support zone (marked in green)
Cons.
* DDR uncertainty.
* Dollar earning counters are at slight risk due to rupee appreciation
* Risk of losing dark green trendline. (further downtrend can be expected, though unlikely, there is a possibility
Not IA. just observations..
RICHARD PIERIS (RICH.N0000) at Strong Support ZoneEntry Point : 20 to 21
Profit Target : 32+
Stop-Loss : 18.5
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
HTRC(HIGH TIDE RESOURC CORP)Hi
HTRC(HIGH TIDE RESOURC CORP) created daily demand zone and i defined as orange box yesterday but i couldn't post it here and today candle confirmed
Entry:0.130 but This candle started and current price is ok
SL:0.100
TP:0.310 (100% profit)
Hope you enjoy and make me happy by share and comment of your ideas
PHARMALA BIOTECH HOLDINGS INC(#MDMA))Hi Dude
from now on i am going to scrutinize Canada Stock market Shares
for This post I Analyze MDMA Share
as Depicted in picture i suggest:
Entry:0.295
SL:0.245
TP= 1:7 but dont hurry and wait for breaking orange trendline
if you like please support by comment and share
LIOC | AnalysisAnalysis: As of now, the stock is trading within the descending triangle pattern, and we are yet to see a clear bearish or bullish price action.
Stop-Loss: 179
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
ELPL | AnalysisAnalysis: As of now, the stock is trading within the descending triangle pattern, and we are yet to see a clear bearish or bullish price action.
Stop-Loss: 74.80
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
KHL | AnalysisAnalysis: The stock has formed an ascending triangle pattern. If buyers manage to break above the pattern at 19 levels, the stock has the potential to reach Fibonacci retracement level 1 and previous all-time-high at 21.
Stop-Loss: 17.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
EXPO | Analysis 1hAnalysis: The stock has formed a falling wedge pattern, which is a bullish chart pattern, and it is also making a bullish divergence on RSI. If it breaks above the wedge pattern and 30-hour moving average, it could signal a reversal in the bearish movement and potentially lead to a bullish movement.
Stop-Loss: 141
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
ASPI update 3/19
Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low).
NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience
LOFC | TradeTrade Book: CT-LI/CT-LC
Trade No: 09/180
Entry Price: 6.30
Stop-Loss: 6.20
Reason for Trade: If the horizontal price channel at 6.70 is broken, the stock may potentially reach the range of 7.40 to 7.60. This could test the 200 day moving average, as well as the Fibonacci retracement levels of 0.618 and 0.65.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
BIL | Trade/Analysis Trade Book: CT-LC
Trade No: 154/155
Stop-Loss: 5.9
Reason for Trade: If the stock continues to follow the expanding triangle pattern , it may move upwards to test the 200-day moving average and Fibonacci retracement level of 0.786, which is at the 7.0 level.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
HNB | AnalysisAnalysis: The stock is currently testing the Fibonacci retracement 0.65 levels, while creating a bearish divergence on RSI. A bullish signal for the stock would be a breakout above the 138 levels and descending trendline on RSI. However, if the stock breaks below its previous higher low of 131 and 10-day moving average, it may retest the 30-day moving average for support.
Stop-Loss: 130
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.