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Solid Breakout with SosandarLSE:SOS As my first post I thought I would post this as its an excellent example of the strategy I use. Using the Wycoff method I only trade price and volume, used together they can be incredibly powerful. The strategy is almost as simple as it gets, its gets rid of the clutter and keeps it simple. Please note Each of these notations on the charts are added on the day of the of the trade, i.e. I will never add comments back in time, as I am not learning anything. Back to Sosandar then, the breakout may be in line with some of their earnings, but the signal was clear, sellers were drying up as the stock traded from left to right. This has left the price becoming squeezed upwards. With little supply in the market left....that's right, it has broken upwards. Always difficult to determine if its buyers or sellers entering but this one looked clear as it started to print higher lows. No target here, looking to enter on a small pullback, and hold for a continuation.
LSE:SOSLong
by srmatthews888
LSE:TGP Green Energy Company strangely in the redLSE:TGP Tekmar I find it hard to believe that this (fairly newly) listed green energy backing company has suffered such a beating - even with the Global Pandemic. There has been almost all positive news since inception and a series of growth figures and contract wins that quite frankly put a number of considerably larger companies in the sector to shame. With everyone trying to offset their carbon footprint there's not only a massive market for green energy, but also for installation and ongoing maintenance too. I've added two trade options to this one as we bounce off the longterm support line, for what I hope will be the last time. I've also added a rough idea how long I expect each to mature, but one good RNS and it could be a lot sooner. Trade 1 looks to take a 6.46 R/R Ratio for a return back to the 0.382 fib line (I'm thinking around mid-late September for targets to be hit & a healthy near 100% return with my target below the magic £1 resistance.) Trade 2 looks for a 6.16 R/R Ratio with a much lower S/L (as we all know how AIM S/L hunts go) but with a much healthier return to the 0.618 fib line & a near 200% return. I'm expecting this to play out by the end of Q1 2022. For both trades I'll be looking to recoup investment at the target point, so free shares to carry forwards. For Trade 2 I'll also be looking to take a 50% cash profit - ready for the next opportunity. As for the rest, it's a company I believe has a solid future ahead, so I'll be adding the extra shares to my portfolio for the long term (to go with the ones I've bought over the last 3 years). I hope you like the idea - don't forget to give it a thumbs up if you agree, and feel free to leave a comment if you don't, or why not take a look through some of my other ideas - (VLS has been very good to me & I recently posted a new idea on that too) GLA !!
LSE:TGPLong
by TribalHound
1
$LLOY : Lloyds Banks UKIn volatile markets, traders can benefit from large jumps in asset prices, if they can be turned into opportunities. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit. This article will help you understand how and why gaps occur, and how you can use them to make profitable trades. Gap Basics Gaps occur because of underlying fundamental or technical factors. For example, if a company's earnings are much higher than expected, the company's stock may gap up the next day. This means the stock price opened higher than it closed the day before, thereby leaving a gap. In the forex market, it is not uncommon for a report to generate so much buzz that it widens the bid and ask spread to a point where a significant gap can be seen. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons. Gaps can be classified into four groups: Breakaway gaps occur at the end of a price pattern and signal the beginning of a new trend. Exhaustion gaps occur near the end of a price pattern and signal a final attempt to hit new highs or lows. Common gaps cannot be placed in a price pattern—they simply represent an area where the price has gapped. Continuation gaps, also known as runaway gaps, occur in the middle of a price pattern and signal a rush of buyers or sellers who share a common belief in the underlying stock's future direction. To Fill or Not to Fill When someone says a gap has been filled, that means the price has moved back to the original pre-gap level. These fills are quite common and occur because of the following: Irrational exuberance: The initial spike may have been overly optimistic or pessimistic, therefore inviting a correction. Technical resistance: When a price moves up or down sharply, it doesn't leave behind any support or resistance. Price Pattern: Price patterns are used to classify gaps and can tell you if a gap will be filled or not. Exhaustion gaps are typically the most likely to be filled because they signal the end of a price trend, while continuation and breakaway gaps are significantly less likely to be filled since they are used to confirm the direction of the current trend. When gaps are filled within the same trading day on which they occur, this is referred to as fading. For example, let's say a company announces great earnings per share for this quarter and it gaps up at the open (meaning it opened significantly higher than its previous close). Now let's say, as the day progresses, people realize that the cash flow statement shows some weaknesses, so they start selling. Eventually, the price hits yesterday's close, and the gap is filled. Many day traders use this strategy during earnings season or at other times when irrational exuberance is at a high.
LSE:LLOYShort
by UnknownUnicorn11720831
LSE:VLS could be just about done retracing hereFollowing on from my published Jan 2020 idea (also VLS) and taking profits 6 months later at 12p (almost 6x gains) I'd say it looks like VLS could be just about done retracing here..... ..... time to re-enter and start scaling back in from 5p downwards. My 'gut' says we could dip as low as 3.75p (pointed out on the chart) by the end July - maybe with a spike past that before continuing any significant upwards movement September onwards. 8.5p looks like a solid resistance line to TP, but we need to break above the midline (for those who'd rather wait for reversal confirmation) to cancel the down trend - After 8.5p going to free roll - moving stops up as we go - this could be an epic journey - much the same as 1.2 to 16 was in Q4 '19 to Q2 20 - even with the global pandemic crash. So for now - I've bought back the shares I sold at 12p and will be adding both DCA and ladder buying in increasing sizes to 3p For those not in the know - this is BIG news !! Sustainable aviation fuel (SAF) produced by the Company's proprietary technology using woody biomass residue feedstock has been used in a commercial flight by Japan Airlines (JAL). Japan Airlines flight (JAL #515) from Tokyo to Sapporo was completed on 17 June 2021. (Don't forget to thumbs up if you agree / like my idea)
VLong
by TribalHound
2
FRES - Descending Channel and BB testingSince May FRES has been descending in a fairly well defined channel. I anticipate this to continue dropping beyond earnings report on 3 Aug. Furthermore, share price is not testing the upper Bollinger Band and hardly testnig the mid line. My target for entry or top up is sub 700p where it will be exceptional value. From that level expect a long and protracted rise into Q3. If you agree please give me a thumbs up. Good Luck. Posting is my opinion only.
LSE:FRES
by Goldybug
1