BeerCanCapital

BeerCanCapital

ING has an Ascending Triangle that has formed since early December. With price finally breaking and producing a hammer on the new support level. There is however a potential for a fake out, therefore, it is important to place the buy order in a position that reflects this risk. With the massive gap that hasn't been filled since last August, there is no reason why...

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AGL with a possible Morning Star formed on 38.2 Fibs. Next Fib level is also a daily resistance area which if broken could see price continue with the previous uptrend. A Golden Cross is also about to occur. Buy Price: $20.60 - Just above resistance in anticipation of the breakout Stop Loss: $20.45 Target: $21.20 - The next level of resistance

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Recently broke through resistance, if it can break through this second short term resistance than it looks like it may gap up. There is also a hammer candle on support on the weekly and monthly which indicates seller exhaustion. Buy Price: $4.15 - Enough above the resistance to ensure that you aren't brought into the trade if its a fake out Stop Loss: $4.01...

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Descending channel forming since the 2nd of December with price respecting support and resistance. If price breaks to the upside, would want to wait until it breaks above the Daily resistance (Blue line) for confirmation of the continuation.

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Massive descending triangle on the 4hr, RSI is heading above 50 but doesn't look like that will hold as the 50 day MA is acting as a a short term resistance. Looks like it may touch the resistance at the top of the triangle again before coming back down and breaking out.

BeerCanCapital Updated 

As stated in the heading, bullflag on the daily time frame suggesting a breakout to the upside after a period of consolidation.Held support at $3.20 so a stop loss just below would make sense. Buy Price: $3.36 - Just above the short term resistance of this flag Stop Loss: $3.20 - Strong level of support, would also mean wrong Target: Possibly the next short term...

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Morning Doji Star candle pattern played out on the Daily which indicates a bullish trend reversal. This is backed up by a Hammer candle on the weekly on a support which indicates seller exhaustion. Monthly time frame also showing a Hammer on support. Buy Price: $1.30 Stop Loss: $1.26 Target Price 1: $1.34 Target Price 2: $1.40 - next level of resistance

BeerCanCapital Updated 

Cup and Handle has formed on the Daily with price respecting the S&R of the handle. Also a possible Golden Crossover about to occur as well. Waiting for a break out above the short term resistance to buy a parcel. RSI showing bullish bias as well. Target Buy Price: $3.75 - Above the short term resistance Stop Loss: $3.65 or 2.67% - Just below the most recent low...

BeerCanCapital Updated 

Evening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction. Buy Price: $14.54 Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate...

BeerCanCapital Updated 

PNV has been in this overall up trend since March of this year. The trend is confirmed by the third touch occurring on the 22nd of November, RSI has just increased from the oversold zone with volume 2-3x any other day since the 20th of September showing bullish momentum. There is a short term resistance at $2.285 which must be kept in mind. Entry: $1.910 -...

BeerCanCapital Updated 

Short position opportunity for Nanosonic. Trend changed to bearish after it failed to make a HL on the daily time frame. Bearish on the weekly with a big red candle at the top of the trend taking away all of the gains from the previous week, the week just gone showing another big red candle, suggesting the bears are completely in control. Also showing long wicks...

BeerCanCapital Updated 

ING getting squeezed tight into this corner, RSI holding above 50 showing change to bullish bias. Possible 13% profit if it breaks and gaps up. Entry: $3.30 - Just above short term resistance/ breakout line Target: $3.75 - 13.64%, this area is the top of the gap Stop Loss: $3.07 - 6% stop loss as that would confirm that it was wrong and trend change Relatively...

BeerCanCapital Updated 

AGL possible short term push. Currently sitting on support of ascending channel, possible 3-4% move to top of channel if it holds. Buy Price: $19.77 Target Price: $20.45 Stop Loss: $19.50 - Break of trend Relatively new to TA so open to criticism/feedback

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Cup and Handle formation, awaiting a break out if bulls can regain control. Long term resistance at $0.043, if it can break through, next resistance level is at $0.055. RSI showing a bullish bias holding multiple retests on the 50. Target Buy Price: $0.045 - just above resistance Target Sell Price: $0.055 or $0.063 if it can break that second resistance...